Business Combination, Recognized Asset Acquired and Liability Assumed [Table Text Block] |
Total Consideration |
|
$ |
6,550,000 |
|
|
|
|
|
|
Cash |
|
$ |
250 |
|
Accounts Receivable |
|
|
540,177 |
|
Inventory |
|
|
673,407 |
|
Fixed Assets |
|
|
2,143,860 |
|
Prepaid and Other Assets |
|
|
79,247 |
|
Intangible Assets: Customer List & Trademarks |
|
|
1,985,000 |
|
Goodwill |
|
|
1,232,681 |
|
Total Assets Acquired |
|
$ |
6,654,622 |
|
|
|
|
|
|
Accounts Payable |
|
$ |
60,047 |
|
Accrued Expense |
|
|
44,575 |
|
Total Liabilities Assumed |
|
|
104,622 |
|
Total Fair Value |
|
$ |
6,550,000 |
|
|
|
|
|
|
Acquisition transaction costs incurred were: |
|
$ |
226,701 |
|
Total Consideration |
|
$ |
4,360,985 |
|
|
|
|
|
|
Accounts Receivable |
|
$ |
752,848 |
|
Inventory |
|
|
180,825 |
|
Fixed Assets |
|
|
1,096,717 |
|
Prepaid and Other Assets |
|
|
23,224 |
|
Intangible Assets: Customer List |
|
|
1,400,000 |
|
Goodwill |
|
|
1,015,939 |
|
Total Assets Acquired |
|
$ |
4,469,553 |
|
|
|
|
|
|
Accounts Payable |
|
$ |
93,113 |
|
Accrued Expense |
|
|
15,455 |
|
Total Liabilities Assumed |
|
|
108,568 |
|
Total Fair Value |
|
$ |
4,360,985 |
|
|
|
|
|
|
Acquisition transaction costs incurred were: |
|
$ |
158,332 |
|
|
|
|
|
|
Total Consideration |
|
$ |
12,659,328 |
|
|
|
|
|
|
Cash |
|
$ |
403,058 |
|
Accounts Receivable |
|
|
2,524,400 |
|
Inventory |
|
|
2,136,970 |
|
Fixed Assets |
|
|
1,395,780 |
|
Operating Right of Use Asset |
|
|
2,961,017 |
|
Prepaid and Other Assets |
|
|
209,034 |
|
Intangible Assets: Customer List |
|
|
4,100,000 |
|
Goodwill |
|
|
3,922,172 |
|
Total Assets Acquired |
|
$ |
17,652,431 |
|
|
|
|
|
|
Accounts Payable |
|
$ |
244,837 |
|
Accrued Expense |
|
|
481,045 |
|
Operating Lease Liabilities |
|
|
2,961,017 |
|
Deferred Tax |
|
|
1,306,204 |
|
Total Liabilities Assumed |
|
|
4,993,103 |
|
Total Fair Value |
|
$ |
12,659,328 |
|
|
|
|
|
|
Acquisition transaction costs incurred were: |
|
$ |
492,728 |
|
|
Business Combination, Pro Forma Information [Table Text Block] |
|
|
Three Months Ended |
|
|
Three Months Ended |
|
|
|
June 30, 2025 |
|
|
June 30, 2024 |
|
|
|
Sales |
|
|
Net Income |
|
|
Sales |
|
|
Net Income |
|
Acquired Companies: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heany Industries (acquired January 2, 2024) |
|
$ |
1,804,826 |
|
|
$ |
189,435 |
|
|
$ |
1,455,787 |
|
|
$ |
97,628 |
|
Advanced Industrial Coatings (acquired August 30, 2024) |
|
|
1,070,763 |
|
|
|
65,610 |
|
|
|
- |
|
|
|
- |
|
Rahn Industries (acquired January 2, 2025) |
|
|
5,867,885 |
|
|
|
1,140,919 |
|
|
|
- |
|
|
|
- |
|
Subtotal Acquired Companies |
|
$ |
8,743,474 |
|
|
$ |
1,395,964 |
|
|
$ |
1,455,787 |
|
|
$ |
97,628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All Other Companies |
|
|
38,110,988 |
|
|
|
3,733,885 |
|
|
|
36,180,301 |
|
|
|
3,185,828 |
|
Total |
|
$ |
46,854,462 |
|
|
$ |
5,129,849 |
|
|
$ |
37,636,088 |
|
|
$ |
3,283,456 |
|
|
|
Six Months ended |
|
|
Six Months ended |
|
|
|
June 30, 2025 |
|
|
June 30, 2024 |
|
|
|
Sales |
|
|
Net Income |
|
|
Sales |
|
|
Net Income |
|
Acquired Companies: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Heany Industries (acquired January 2, 2024) |
|
$ |
3,189,538 |
|
|
$ |
7,445 |
|
|
$ |
2,911,318 |
|
|
$ |
117,097 |
|
Advanced Industrial Coatings (acquired August 30, 2024) |
|
|
2,114,201 |
|
|
|
75,678 |
|
|
|
- |
|
|
|
- |
|
Rahn Industries (acquired January 2, 2025) |
|
|
10,177,500 |
|
|
|
1,273,887 |
|
|
|
- |
|
|
|
- |
|
Subtotal Acquired Companies |
|
$ |
15,481,239 |
|
|
$ |
1,357,010 |
|
|
$ |
2,911,318 |
|
|
$ |
117,097 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All Other Companies |
|
|
74,687,334 |
|
|
|
6,903,874 |
|
|
|
73,164,409 |
|
|
|
6,163,244 |
|
Total |
|
$ |
90,168,573 |
|
|
$ |
8,260,884 |
|
|
$ |
76,075,727 |
|
|
$ |
6,280,341 |
|
|