v3.25.2
Note 11 - Acquisitions (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
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