Crawford United (CRAWA) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Oct. 22, 2022
Document Information [Line Items]
Entity Central Index Key	0000047307
Entity Registrant Name	CRAWFORD UNITED Corp
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	000-000147
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-0288470
Entity Address, Address Line One	10514 Dupont Avenue, Suite 200
Entity Address, City or Town	Cleveland
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44108
City Area Code	216
Local Phone Number	243-2614
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		731,848
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,744,239

Consolidated Balance Sheet (Cur

Consolidated Balance Sheet (Current Period Unaudited) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 2,157,591	$ 1,494,415
Accounts receivable less allowance for doubtful accounts	21,874,526	18,387,744
Contract assets	1,998,936	2,111,057
Inventories-less allowance for obsolete inventory	21,521,062	16,585,437
Investments	982,805	1,518,244
Refundable tax asset	414,821	1,316,595
Prepaid expenses and other current assets	1,264,750	1,112,068
Total Current Assets	50,214,491	42,525,560
Property, plant and equipment, net	15,533,758	15,609,202
Operating right of use asset, net	8,388,087	8,998,776
OTHER ASSETS:
Goodwill	16,157,277	14,404,618
Intangibles, net of accumulated amortization	9,829,712	9,336,564
Other non-current assets	113,859	88,591
Total Non-Current Other Assets	26,100,848	23,829,773
Total Assets	100,237,185	90,963,311
CURRENT LIABILITIES:
Notes payable – current	1,855,065	2,946,885
Bank debt – current	444,445	1,444,444
Leases payable – current	1,654,706	1,241,681
Accounts payable	14,635,216	11,460,364
Unearned revenue	4,550,971	2,881,535
Contingent liability – short term	750,000	750,000
Accrued expenses	3,313,905	3,136,690
Total Current Liabilities	27,204,308	23,861,599
LONG-TERM LIABILITIES:
Bank debt	20,820,499	16,175,436
Leases payable	6,972,093	7,985,628
Contingent liability – long-term	0	750,000
Deferred income taxes	3,275,370	3,275,370
Total Long-Term Liabilities	33,104,068	32,461,811
STOCKHOLDERS' EQUITY
Contributed capital	1,741,901	1,741,901
Treasury shares	(2,121,822)	(1,981,113)
Retained earnings	31,511,452	28,019,768
Total Stockholders' Equity	39,928,809	34,639,901
Total Liabilities and Stockholders' Equity	100,237,185	90,963,311
Common Class A [Member]
STOCKHOLDERS' EQUITY
Common stock	7,331,756	5,393,823
Common Class B [Member]
STOCKHOLDERS' EQUITY
Common stock	1,465,522	1,465,522
Notes Payable Excluding Paycheck Protection Program Cares Act [Member]
LONG-TERM LIABILITIES:
Notes Payable, Noncurrent	$ 2,036,106	$ 4,275,377

Consolidated Balance Sheet (C_2

Consolidated Balance Sheet (Current Period Unaudited) (Parentheticals) - shares	Sep. 30, 2022	Dec. 31, 2021
Common Class A [Member]
Common stock, sharse authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	2,791,449	2,720,787
Treasury shares, issued (in shares)	47,210	41,844
Common Class B [Member]
Common stock, sharse authorized (in shares)	2,500,000	2,500,000
Common stock, shares issued (in shares)	914,283	914,283
Treasury shares, issued (in shares)	182,435	182,435

Consolidated Statement of Incom

Consolidated Statement of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Total sales	$ 32,189,623	$ 26,397,857	$ 95,094,396	$ 76,841,745
Cost of Sales	25,879,820	21,000,148	75,649,696	59,660,823
Gross Profit	6,309,803	5,397,709	19,444,700	17,180,922
Operating Expenses:
Selling, general and administrative expenses	4,310,125	3,528,928	13,672,173	10,866,884
Operating Income	1,999,678	1,868,781	5,772,527	6,314,038
Other (Income) and Expenses:
Interest charges	331,156	236,535	746,237	693,850
Other (income) expense, net	(93,676)	140,846	27,331	(1,134,627)
Total Other (Income) and Expenses	237,480	377,381	773,568	(440,777)
Income before Provision for Income Taxes	1,762,198	1,491,400	4,998,959	6,754,815
Provision for Income Taxes	507,653	293,523	1,507,275	1,166,216
Net Income	$ 1,254,545	$ 1,197,877	$ 3,491,684	$ 5,588,599
Net Income Per Common Share - Basic (in dollars per share)	$ 0.36	$ 0.35	$ 1.01	$ 1.64
Net Income Per Common Share - Diluted (in dollars per share)	$ 0.36	$ 0.35	$ 1.01	$ 1.64
Basic (in shares)	3,476,087	3,408,906	3,458,437	3,403,609
Diluted (in shares)	3,476,087	3,409,819	3,458,437	3,404,507

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock Including Additional Paid in Capital [Member] Common Class A [Member]	Common Stock Including Additional Paid in Capital [Member] Common Class B [Member]	Treasury Stock [Member] Common Class A [Member]	Treasury Stock [Member] Common Class B [Member]	Treasury Stock [Member]	Common Stock Outstanding [Member] Common Class A [Member]	Common Stock Outstanding [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2020	$ 3,896,705	$ 1,465,522			$ (1,938,052)			$ 1,741,901	$ 22,366,470	$ 27,532,546
Share-based compensation expense	$ 37,419									37,419
Net Income									5,588,599	5,588,599
Balance (in shares) at Dec. 31, 2020	2,595,087	954,283	39,467	182,435		2,555,620	771,848
Stock awards	$ 385,544									385,544
Issuance for acquisition	$ 1,059,000									1,059,000
Repurchase of shares					(41,033)					(41,033)
Stock awards (in shares)	23,700					23,700
Acquisition (in shares)	60,000					60,000
Repurchase of shares (in shares)			(2,262)
Repurchase of shares (in shares)						(2,262)
Balance at Sep. 30, 2021	$ 5,378,667	$ 1,465,522			(1,979,085)			1,741,901	27,955,070	34,562,075
Stock conversion (in shares)	40,000					40,000
Stock conversion (in shares)		(40,000)					(40,000)
Repurchase of shares (in shares)			2,262
Balance (in shares) at Sep. 30, 2021	2,718,787	914,283	41,729	182,435		2,677,058	731,848
Balance at Jun. 30, 2021	$ 5,365,581	$ 1,465,522			(1,979,085)			1,741,901	26,757,193	33,351,112
Share-based compensation expense	$ 7,418									7,418
Net Income									1,197,877	1,197,877
Balance (in shares) at Jun. 30, 2021	2,718,787	914,283	41,729	182,435		2,677,058	731,848
Stock awards	$ 5,668									5,668
Balance at Sep. 30, 2021	$ 5,378,667	$ 1,465,522			(1,979,085)			1,741,901	27,955,070	34,562,075
Balance (in shares) at Sep. 30, 2021	2,718,787	914,283	41,729	182,435		2,677,058	731,848
Balance at Dec. 31, 2021	$ 5,393,823	$ 1,465,522			(1,981,113)			1,741,901	28,019,768	34,639,901
Share-based compensation expense	$ 55,921									55,921
Net Income									3,491,684	3,491,684
Balance (in shares) at Dec. 31, 2021	2,720,787	914,283	41,844	182,435		2,678,943	731,848
Stock awards	$ 882,000									882,000
Issuance for acquisition	$ 1,000,012									1,000,012
Repurchase of shares					(140,709)					(140,709)
Stock awards (in shares)	32,200	0	0	0		32,200	0
Acquisition (in shares)	38,462	0	0	0		38,462	0
Repurchase of shares (in shares)	0	0	(5,366)	0			0
Repurchase of shares (in shares)						(5,366)
Balance at Sep. 30, 2022	$ 7,331,756	$ 1,465,522			(2,121,822)			1,741,901	31,511,452	39,928,809
Repurchase of shares (in shares)	0	0	5,366	0			0
Balance (in shares) at Sep. 30, 2022	2,791,449	914,283	47,210	182,435		2,744,239	731,848
Balance at Jun. 30, 2022	$ 7,311,949	$ 1,465,522			(2,121,822)			1,741,901	30,256,907	38,654,457
Share-based compensation expense	$ 19,807									19,807
Net Income									1,254,545	1,254,545
Balance (in shares) at Jun. 30, 2022	2,791,449	914,283	47,210	182,435		2,744,239	731,848
Balance at Sep. 30, 2022	$ 7,331,756	$ 1,465,522			$ (2,121,822)			$ 1,741,901	$ 31,511,452	$ 39,928,809
Balance (in shares) at Sep. 30, 2022	2,791,449	914,283	47,210	182,435		2,744,239	731,848

Consolidated Statement of Cash

Consolidated Statement of Cash Flow (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash Flows from Operating Activities
Net Income	$ 3,491,684	$ 5,588,599
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,800,279	2,233,267
Unrealized loss (gain) on investments in equity securities	535,439	265,941
Forgiveness of PPP loan	0	(1,453,837)
Amortization of right of use assets	1,054,699	798,569
Loss on disposal of assets	15,370	0
Non-cash share-based compensation expense	937,921	422,962
Changes in assets and liabilities:
Decrease (Increase) in accounts receivable	(2,858,971)	(4,406,610)
Decrease (Increase) in inventories	(3,877,729)	(2,547,675)
Decrease (Increase) in contract assets	112,121	1,526,546
Decrease (Increase) in prepaid expenses & other assets	(82,071)	(227,059)
Increase (Decrease) in accounts payable	(2,598,799)	(1,004,760)
Increase (Decrease) in lease liability	(600,510)	(829,667)
Increase (Decrease) in accrued expenses	749,110	(1,240,645)
Increase (Decrease) in unearned revenue	1,293,953	2,727,653
Total adjustments	2,678,409	(1,537,962)
Net Cash Provided by Operating Activities	6,170,094	3,862,804
Cash Flows from Investing Activities
Cash paid for business acquisitions	(4,331,739)	(7,376,740)
Sale of equity securities	0	123,069
Capital expenditures	(533,581)	(2,298,213)
Net Cash (Used in) Investing Activities	(4,865,320)	(9,551,884)
Cash Flows from Financing Activities
Payments on notes	(3,331,091)	(2,014,950)
Payments on bank debt	(4,535,000)	(4,773,903)
Borrowings on bank debt	8,115,202	8,916,367
Payments on contingent liability	(750,000)	0
Share repurchase	(140,709)	(41,033)
Net Cash Provided by (Used in) Financing Activities	(641,597)	2,086,481
Net Increase (decrease) in cash and cash equivalents	663,176	(3,602,599)
Cash and cash equivalents at beginning of period	1,494,415	6,194,276
Cash and cash equivalents at end of period	2,157,591	2,591,678
Supplemental disclosures of cash flow information
Interest Paid	736,334	559,299
Supplemental disclosures of noncash financing and investing activity
Additions to ROU assets obtained from new operating lease liabilities	380,298	0
Issuance of Class A common shares in business acquisition	1,000,012	1,059,000
Paycheck Protection Program CARES Act [Member]
Supplemental disclosures of noncash financing and investing activity
Forgiveness of PPP loan	$ 0	$ 1,453,837

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Basis of Accounting [Text Block]	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10 8 X. not three nine September 30, 2022 not may December 31, 2022. 10 December 31, 2021. During the nine September 30, 2022, no

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company’s Summary of Significant Accounting Policies is provided with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10 December 31, 2021. New Accounting Standards Not In June 2016, 2016 13, December 15, 2022.The Use of Estimates in the Preparation of Financial Statements may Fair Value of Financial Instruments Fair Value Measurements As defined in FASB ASC 820, one three * Level 1: * Level 2: * Quoted prices for identical assets or similar assets or liabilities in inactive markets; * Inputs other than quoted prices that are observable for the asset or liability; * Inputs that are derived principally from or corroborated by observable market data by correlation or other means. * Level 3: not A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy. * Stock: The stock market value is based on valuation of market quotes from independent active market sources, and is considered a level 1

Note 3 - Accounts Receivable

Note 3 - Accounts Receivable	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. ACCOUNTS RECEIVABLE The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information. The reserve for doubtful accounts was $38,288 and $75,930 at September 30, 2022 December 31, 2021,

Note 4 - Inventory

Note 4 - Inventory	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	4. INVENTORY Inventory is valued at the lower of cost ( first first September 30, December 31, 2022 2021 Raw materials and component parts $ 3,478,146 $ 3,904,865 Work-in-process 1,877,664 3,949,647 Finished products 16,724,566 9,183,532 Total inventory $ 22,080,376 $ 17,038,044 Less: inventory reserves 559,313 452,607 Net inventory $ 21,521,062 $ 16,585,437

Note 5 - Goodwill and Other Int

Note 5 - Goodwill and Other Intangible Assets, Net	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	5. For the identified reporting units, impairment testing was performed as of December 31, 2021 December 31, 2021, no first nine 2022 December 31, 2021 September 30, 2022. Goodwill increased by $1.8 million from $14.4 million at December 31, 2021 September 30, 2022. second 2022 first 2022, September 30, December 31, 2022 2021 Commercial Air Handling Equipment Segment: Beginning Balance $ 478,256 $ 478,256 Acquisitions - - Adjustments - - Ending Balance $ 478,256 $ 478,256 Industrial and Transportation Products Segment: Beginning Balance $ 13,926,362 $ 11,027,596 Acquisitions 1,922,513 2,898,766 Adjustments (169,854 ) - Ending Balance $ 15,679,021 $ 13,926,362 Total Company: Beginning Balance $ 14,404,618 $ 11,505,852 Acquisitions 1,922,513 2,898,766 Adjustments (169,854 ) - Ending Balance $ 16,157,277 $ 14,404,618 Intangible assets relate to the purchase of businesses. Goodwill represents the excess of cost over the fair value of identifiable assets acquired. Goodwill is not one September 30, December 31, 2022 2021 Customer list intangibles $ 9,316,000 $ 8,741,000 Non-compete agreements 200,000 200,000 Trademarks 4,474,149 3,599,149 Total intangible assets 13,990,149 12,540,149 Less: accumulated amortization 4,160,437 3,203,585 Intangible assets, net $ 9,829,712 $ 9,336,564 Amortization of intangibles assets was: $316,729 and $229,817 for the three September 30, 2022 2021, nine September 30, 2022 2021,

Note 6 - Property, Plant and Eq

Note 6 - Property, Plant and Equipment, Net	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	6. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment are recorded at cost and depreciated over their useful lives. Maintenance and repair costs are expenses as incurred. Property, plant and equipment are as follows: September 30, December 31, 2022 2021 Land $ 231,034 $ 231,034 Buildings and improvements 3,259,845 2,961,431 Machinery & equipment 22,971,968 21,612,759 Total property, plant & equipment 26,462,847 24,805,224 Less: accumulated depreciation 10,929,089 9,196,022 Property plant & equipment, net $ 15,533,758 $ 15,609,202 Depreciation expense was $597,320 and $511,046 for the three September 2022 2021, nine September 30, 2022 2021, three September 30, 2022.

Note 7 - Investments in Equity

Note 7 - Investments in Equity Securities	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	7. INVESTMENTS IN EQUITY SECURITIES Investments in equity securities are summarized in the table below: UNREALIZED REALIZED BALANCE ACQUISITIONS, GAINS GAINS BALANCE AT DISPOSITIONS (LOSSES) INCLUDED AT END BEGINNING AND INCLUDED IN OF OF YEAR SETTLEMENTS IN EARNINGS EARNINGS P ERIOD For the year ended December 31, 2021 $ 1,534,400 $ 19,698 $ (188,615 ) $ 152,761 $ 1,518,244 Year-to-date September 30, 2022 1,518,244 - (535,439 ) - 982,805 Investments by fair value level in the hierarchy as of September 30, 2022 December 31, 2021 Quoted Market Prices in Attractive Markets (Level 1) Models with Significant Observable Market Parameters (Level 2) Unobservable Inputs that are not Corroborated by Market Data (Level 3) Total Carrying Value in the Balance Sheet Common stock as of September 30, 2022 $ 982,805 $ - $ - $ 982,805 Common stock as of December 31, 2021 $ 1,518,244 $ - $ - $ 1,518,244

Note 8 - Bank Debt

Note 8 - Bank Debt	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Long-Term Debt [Text Block]	8. BANK DEBT The Company is party to a Credit Agreement with JPMorgan Chase Bank, N.A. as lender (as amended, the “Credit Agreement”). As amended, the Credit Agreement is comprised of a revolving facility in the amount of $30,000,000 and a term A loan in the amount of $6,000,000. The revolving facility matures June 1, 2024 December 1, 2022. December 1, 2022 The revolving facility under the Credit Agreement includes a $3 million sublimit for the issuance of letters of credit thereunder. Interest for borrowings under the revolving facility accrues at a per annum rate equal to Prime Rate or LIBOR plus applicable margins of (i) (0.25%) for Prime Rate loans and (ii) 1.75% for LIBOR loans. The maturity date of the revolving facility is June 1, 2024. December 1, 2022. Bank debt balances consist of the following: September 30, December 31, 2022 2021 Term debt $ 444,445 $ 1,444,444 Revolving debt 20,891,695 16,311,493 Total Bank debt 21,336,140 17,755,937 Less: current portion 444,445 1,444,444 Non-current bank debt 20,891,695 16,311,493 Less: unamortized debt costs 71,196 136,057 Net non-current bank debt $ 20,820,499 $ 16,175,436 The Company had $9.1 million and $13.7 million available to borrow on the revolving credit facility at September 30, 2022 December 31, 2021,

Note 9 - Notes Payable

Note 9 - Notes Payable	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	9. NOTES PAYABLE Notes Payable – Related Party The Company had two July 2016 July 2018 first second July 2018 In connection with the Komtek Forge acquisition, on January 15, 2021, one April 15, 2021. Notes Payable – Seller Note Effective July 1, 2018, four no June 30, 2023 ( no not second first June 30, 2023. four 4 June 30, 2020 June 30, 2022. September 30, 2022. Notes payable consists of the following: September 30, 2022 December 31, 2021 In connection with the Komtek Forge acquisition, the Company refinanced the outstanding First Francis promissory notes, accrued interest payable through the refinance date and the assumed First Francis promissory note into one note on January 15, 2021 for a $ 3,779,784 $ 2,766,171 $ 3,284,762 In connection with the CAD acquisition, the Company entered into a promissory note on July 1, 2018 for a $ 9,000,000 1,125,000 3,937,500 Total notes payable 3,891,171 7,222,262 Less current portion 1,855,065 2,946,885 Notes payable – non-current portion $ 2,036,106 $ 4,275,377

Note 10 - Leases

Note 10 - Leases	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	10. The Company has operating leases for facilities, vehicles and equipment. These leases have remaining terms of 2 years to 15 years, some of which include options to extend the leases for up to 10 years. Supplemental balance sheet information related to leases: September 30, 2022 December 31, 2021 Operating leases: Operating lease right-of-use assets, net $ 8,388,087 $ 8,998,776 Other current liabilities 1,654,706 1,241,681 Operating lease liabilities 6,972,093 7,985,628 Total operating lease liabilities $ 8,626,799 $ 9,227,309 Weighted Average Remaining Lease Term Operating Leases (in years) 9.0 9.0 Weighted Average Discount Rate Operating Leases 5.0 % 5.0 %

Note 11 - Earnings Per Common S

Note 11 - Earnings Per Common Share	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	11. The following table sets forth the computation of basic and diluted earnings per share. Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Earnings Per Share - Basic Net Income $ 1,254,545 $ 1,197,877 $ 3,491,684 $ 5,588,599 Weighted average shares of common stock outstanding - Basic 3,476,087 3,408,906 3,458,437 3,403,609 Earnings Per Share - Basic $ 0.36 $ 0.35 $ 1.01 $ 1.64 Earnings Per Share - Diluted Weighted average shares of common stock outstanding - Basic 3,476,087 3,408,906 3,458,437 3,403,609 Warrants, Options and Convertible Notes - 913 - 898 Weighted average shares of common stock -Diluted 3,476,087 3,409,819 3,458,437 3,404,507 Earnings Per Share - Diluted $ 0.36 $ 0.35 $ 1.01 $ 1.64

Note 12 - Acquisitions

Note 12 - Acquisitions	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	12. Effective January 15, 2021, January 15, 2021. Cash Consideration Transferred $ 840,551 Assumed Debt 1,753,757 Fair Value of Stock Consideration 1,059,000 Total Consideration $ 3,653,308 Cash $ 75,701 Accounts Receivable 1,502,713 Inventory 1,595,859 Fixed Assets 434,197 Prepaid and Other Assets 280,258 Goodwill 832,306 Total Assets Acquired $ 4,721,034 Accounts Payable $ 843,817 Accrued Expense 223,909 Total Liabilities Assumed $ 1,067,726 Total Fair Value $ 3,653,308 Acquisition transaction costs incurred were: $ 147,400 Goodwill Goodwill has an assigned value of $0.8 million and represents the expected synergies generated by combining the operations of Komtek and the Company. The Company purchases forgings to manufacture products for customers in the Industrial and Transportation Products segment and the Komtek acquisition strengthens the Company’s supply chain. Effective March 1, 2021, March 2, 2021 March 1, 2021. two Cash Consideration Transferred $ 4,926,035 Seller Transaction Costs and Repayment of Indebtedness 1,398,394 Total Consideration $ 6,324,429 Accounts Receivable $ 1,058,460 Inventory 173,202 Fixed Assets 3,233,073 Prepaid and Other Assets 189,214 Intangibles Asset: Trademark 1,162,000 Intangible Asset: Customer List 1,041,000 Goodwill 1,896,607 Total Assets Acquired $ 8,753,556 Accounts Payable $ 473,119 Accrued Payroll and Other Expense 456,008 Contingent Liability 1,500,000 Total Liabilities Assumed $ 2,429,127 Total Fair Value $ 6,324,429 Acquisition transaction costs incurred were: $ 190,007 Goodwill and Intangible Assets Goodwill has an assigned value of $1.9 million and represents the expected synergies generated by combining the operations of Global-Tek Colorado, Global-Tek-Manufacturing and the Company. The Company utilizes machined parts for customers in the Industrial and Transportation Products segment and the acquisition of Global-Tek Colorado and Global-Tek-Manufacturing allows the Company to strengthen its supply chain. Intangible asset, trademark has an assigned value of $1.2 million which represents the expected value of the Global-Tek trade name in the market. Intangible asset, customer list has an assigned value of $1.0 million which represents the expected value of the list of the customers of Global-Tek to the Company. Contingent Consideration Global-Tek had a contingent consideration of $1.5 million as of the acquisition date which represented $750 two first second 2022 Effective July 1, 2021, July 1, 2021. Assumption of Indebtedness $ 287,359 Accounts Receivable 79,843 Inventory 67,254 Intangible Assets: Customer List 478,649 Total Assets Acquired $ 625,746 Accounts Payable $ 338,387 Total Liabilities Assumed $ 338,387 Total Fair Value $ 287,359 Acquisition transaction costs incurred were: $ 36,204 Intangible Assets Intangible assets, customer list has an assigned value of $0.5 million which represents the expected value of the list of the customers of Emergency Hydraulics to the Company. Effective January 10, 2022, January 10, 2022 Additionally, effective on January 10, 2022, SEP Cash Consideration Transferred $ 3,973,375 Seller Transaction Costs 230,359 Total Consideration $ 4,203,734 Accounts Receivable 471,879 Inventory 1,349,115 Fixed Assets 255,000 Prepaid and Other Assets 47,632 Intangible Asset: Customer List & Trademark 1,300,000 Goodwill 1,378,191 Total Assets Acquired $ 4,801,817 Accounts Payable $ 542,359 Accrued Expense 55,724 Total Liabilities Assumed $ 598,083 Total Fair Value $ 4,203,734 Acquisition transaction costs incurred were: $ 124,825 Goodwill Goodwill has an assigned value of $1.4 million and represents the expected synergies generated by combining the operations of Reverso, Separ, and the Company. The Company sells marine hoses and related products and the acquisition of Reverso Pumps and Separ America will allow the Company to expand its offerings to customers in the strategically important marine and defense markets. Intangible assets, customer list and trademarks has an assigned value of $1.3 million which represents the expected value of the list of the customers and trademarks of Reverso Pumps and Separ America. Effective May 1, 2022, May 1, 2022. Cash Consideration Transferred $ 250,000 Fair Value of Stock Consideration 1,000,012 Total Consideration $ 1,250,012 Cash $ 100,000 Accounts Receivable 155,932 Inventory 664,861 Fixed Assets 164,123 Intangible Assets 150,000 Goodwill 424,261 Total Assets Acquired $ 1,659,177 Accounts Payable $ 33,694 Deferred Revenue 375,471 Total Liabilities Assumed $ 409,165 Total Fair Value $ 1,250,012 Acquisition transaction costs incurred were: $ 30,479 Goodwill and Intangible Assets Goodwill has an assigned value of $0.4 million and represents the expected synergies generated by combining the operations of KMC and the Company. The Company utilizes industrial hoses for customers in the Industrial and Transportation Products segment and the acquisition of KMC allows the Company to strengthen its supply chain. Intangible asset, trademark has an assigned value of $0.075 million which represents the expected value of the KMC trade name in the market. Intangible asset, customer list has an assigned value of $0.075 million which represents the expected value of the list of the customers of KMC to the Company. Sales and Net Income for the Acquired Companies Sales and net income information for the acquired companies, including Komtek Forge LLC (“Komtek”), Global-Tek Manufacturing LLC and Global-Tek Colorado LLC (“Global-Tek”), Emergency Hydraulics LLC (“EH”), Reverso Pumps LLC (“Reverso Pumps”), Separ America LLC (“Separ America”) and Knitting Machinery Company of America LLC (“Knitting Machinery”) since the respective acquisition dates for the nine September 30, 2022 2021 Nine Months ended Nine Months ended September 30, 2022 September 30, 2021 Sales Net Income Sales Net Income Acquired Companies: Komtek (acquired January 15, 2021) $ 6,592,926 351,173 $ 5,052,649 $ 202,903 Global-Tek (acquired March 1, 2021) 4,883,279 (540,931 ) 7,209,950 1,388,401 EH (acquired July 1, 2021) 1,088,372 97,375 268,102 19,549 Reverso Pumps (acquired January 10, 2022) 3,930,057 663,070 - - Separ America (acquired January 10, 2022) 1,440,788 247,346 - - Knitting Machinery (acquired May 1, 2022) 818,108 73,195 - - Subtotal Acquired Companies $ 18,753,530 891,228 12,530,701 1,610,853 All Other Companies 76,340,866 2,600,456 64,311,044 3,977,746 Total $ 95,094,396 $ 3,491,684 $ 76,841,745 $ 5,588,599

Note 13 - Segment and Related I

Note 13 - Segment and Related Information	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	13. The Company reports operations for two business segments: ( 1 2 280 10 50 1. 2022, Both the Commercial Air Handling Equipment segment and the Industrial and Transportation Products segment engage in business activities from which they may Commercial Air Handling Equipment: The Commercial Air Handling Equipment segment was added June 1, 2017, 50 Industrial and Transportation Products: The Industrial and Transportation Products segment was added July 1, 2016, July 1, 2018. 9001:2015/AS9100D, January 2, 2020. April 19, 2019, January 15, 2021. March 2, 2021. July 1, 2021. January 10, 2022. The company purchased substantially all of the assets of Crawford SEP January 10, 2022. May 1, 2022. The factors used to determine the Company’s reportable segments follow the guidance of ASC 280 10 50 21 50 10 22 not three eighteen 30 Corporate and Other: Corporate costs not two Information by industry segment is set forth below: Three Months Ended September 30, 2022 Commercial Air Handling Industrial And Transportation Products Corporate and Other Consolidated Sales $ 11,485,339 $ 20,704,284 $ - $ 32,189,623 Gross Profit 2,558,998 3,750,805 - 6,309,803 Operating Income 1,522,819 1,132,485 (655,626 ) 1,999,678 Pretax Income 1,522,819 986,173 (746,794 ) 1,762,198 Net Income 1,088,816 699,678 (533,949 ) 1,254,545 Three Months Ended September 30, 2021 Commercial Air Handling Industrial And Transportation Products Corporate and Other Consolidated Sales $ 8,854,347 $ 17,543,510 $ - $ 26,397,857 Gross Profit 1,420,320 3,977,389 - 5,397,709 Operating Income 291,729 1,603,125 (26,073 ) 1,868,781 Pretax Income 297,692 1,734,115 (540,407 ) 1,491,400 Net Income 223,269 1,379,982 (405,374 ) 1,197,877 Nine Months Ended September 30, 2022 Commercial Air Handling Industrial And Transportation Products Corporate and Other Consolidated Sales $ 34,888,594 $ 60,205,802 $ - $ 95,094,396 Gross Profit 7,641,794 11,802,906 - 19,444,700 Operating Income 4,467,716 4,254,106 (2,949,295 ) 5,772,527 Pretax Income 4,467,716 3,916,265 (3,385,022 ) 4,998,959 Net Income 3,194,417 2,717,548 (2,420,281 ) 3,491,684 Nine Months Ended September 30, 2021 Commercial Air Handling Industrial And Transportation Products Corporate and Other Consolidated Sales $ 27,591,991 $ 49,249,754 $ - $ 76,841,745 Gross Profit 5,681,179 11,499,037 706 17,180,922 Operating Income 2,182,452 4,687,388 (555,802 ) 6,314,038 Pretax Income 2,188,415 4,417,620 148,780 6,754,815 Net Income 1,641,311 3,471,748 475,540 5,588,599

Note 14 - Subsequent Events

Note 14 - Subsequent Events	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	14. None.

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards Not In June 2016, 2016 13, December 15, 2022.The
Use of Estimates, Policy [Policy Text Block]	Use of Estimates in the Preparation of Financial Statements may
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value Measurements As defined in FASB ASC 820, one three * Level 1: * Level 2: * Quoted prices for identical assets or similar assets or liabilities in inactive markets; * Inputs other than quoted prices that are observable for the asset or liability; * Inputs that are derived principally from or corroborated by observable market data by correlation or other means. * Level 3: not A financial instrument's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Following is a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy. * Stock: The stock market value is based on valuation of market quotes from independent active market sources, and is considered a level 1

Note 4 - Inventory (Tables)

Note 4 - Inventory (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2022 2021 Raw materials and component parts $ 3,478,146 $ 3,904,865 Work-in-process 1,877,664 3,949,647 Finished products 16,724,566 9,183,532 Total inventory $ 22,080,376 $ 17,038,044 Less: inventory reserves 559,313 452,607 Net inventory $ 21,521,062 $ 16,585,437

Note 5 - Goodwill and Other I_2

Note 5 - Goodwill and Other Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Goodwill [Table Text Block]	September 30, December 31, 2022 2021 Commercial Air Handling Equipment Segment: Beginning Balance $ 478,256 $ 478,256 Acquisitions - - Adjustments - - Ending Balance $ 478,256 $ 478,256 Industrial and Transportation Products Segment: Beginning Balance $ 13,926,362 $ 11,027,596 Acquisitions 1,922,513 2,898,766 Adjustments (169,854 ) - Ending Balance $ 15,679,021 $ 13,926,362 Total Company: Beginning Balance $ 14,404,618 $ 11,505,852 Acquisitions 1,922,513 2,898,766 Adjustments (169,854 ) - Ending Balance $ 16,157,277 $ 14,404,618
Schedule of Finite-Lived Intangible Assets [Table Text Block]	September 30, December 31, 2022 2021 Customer list intangibles $ 9,316,000 $ 8,741,000 Non-compete agreements 200,000 200,000 Trademarks 4,474,149 3,599,149 Total intangible assets 13,990,149 12,540,149 Less: accumulated amortization 4,160,437 3,203,585 Intangible assets, net $ 9,829,712 $ 9,336,564

Note 6 - Property, Plant and _2

Note 6 - Property, Plant and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	September 30, December 31, 2022 2021 Land $ 231,034 $ 231,034 Buildings and improvements 3,259,845 2,961,431 Machinery & equipment 22,971,968 21,612,759 Total property, plant & equipment 26,462,847 24,805,224 Less: accumulated depreciation 10,929,089 9,196,022 Property plant & equipment, net $ 15,533,758 $ 15,609,202

Note 7 - Investments in Equit_2

Note 7 - Investments in Equity Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Gain (Loss) on Securities [Table Text Block]	UNREALIZED REALIZED BALANCE ACQUISITIONS, GAINS GAINS BALANCE AT DISPOSITIONS (LOSSES) INCLUDED AT END BEGINNING AND INCLUDED IN OF OF YEAR SETTLEMENTS IN EARNINGS EARNINGS P ERIOD For the year ended December 31, 2021 $ 1,534,400 $ 19,698 $ (188,615 ) $ 152,761 $ 1,518,244 Year-to-date September 30, 2022 1,518,244 - (535,439 ) - 982,805
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]	Quoted Market Prices in Attractive Markets (Level 1) Models with Significant Observable Market Parameters (Level 2) Unobservable Inputs that are not Corroborated by Market Data (Level 3) Total Carrying Value in the Balance Sheet Common stock as of September 30, 2022 $ 982,805 $ - $ - $ 982,805 Common stock as of December 31, 2021 $ 1,518,244 $ - $ - $ 1,518,244

Note 8 - Bank Debt (Tables)

Note 8 - Bank Debt (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	September 30, December 31, 2022 2021 Term debt $ 444,445 $ 1,444,444 Revolving debt 20,891,695 16,311,493 Total Bank debt 21,336,140 17,755,937 Less: current portion 444,445 1,444,444 Non-current bank debt 20,891,695 16,311,493 Less: unamortized debt costs 71,196 136,057 Net non-current bank debt $ 20,820,499 $ 16,175,436

Note 9 - Notes Payable (Tables)

Note 9 - Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	September 30, 2022 December 31, 2021 In connection with the Komtek Forge acquisition, the Company refinanced the outstanding First Francis promissory notes, accrued interest payable through the refinance date and the assumed First Francis promissory note into one note on January 15, 2021 for a $ 3,779,784 $ 2,766,171 $ 3,284,762 In connection with the CAD acquisition, the Company entered into a promissory note on July 1, 2018 for a $ 9,000,000 1,125,000 3,937,500 Total notes payable 3,891,171 7,222,262 Less current portion 1,855,065 2,946,885 Notes payable – non-current portion $ 2,036,106 $ 4,275,377

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Lessee, Operating and Finance Lease, Assets and Liabilities [Table Text Block]	September 30, 2022 December 31, 2021 Operating leases: Operating lease right-of-use assets, net $ 8,388,087 $ 8,998,776 Other current liabilities 1,654,706 1,241,681 Operating lease liabilities 6,972,093 7,985,628 Total operating lease liabilities $ 8,626,799 $ 9,227,309 Weighted Average Remaining Lease Term Operating Leases (in years) 9.0 9.0 Weighted Average Discount Rate Operating Leases 5.0 % 5.0 %

Note 11 - Earnings Per Common_2

Note 11 - Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Earnings Per Share - Basic Net Income $ 1,254,545 $ 1,197,877 $ 3,491,684 $ 5,588,599 Weighted average shares of common stock outstanding - Basic 3,476,087 3,408,906 3,458,437 3,403,609 Earnings Per Share - Basic $ 0.36 $ 0.35 $ 1.01 $ 1.64 Earnings Per Share - Diluted Weighted average shares of common stock outstanding - Basic 3,476,087 3,408,906 3,458,437 3,403,609 Warrants, Options and Convertible Notes - 913 - 898 Weighted average shares of common stock -Diluted 3,476,087 3,409,819 3,458,437 3,404,507 Earnings Per Share - Diluted $ 0.36 $ 0.35 $ 1.01 $ 1.64

Note 12 - Acquisitions (Tables)

Note 12 - Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Business Acquisition, Pro Forma Information [Table Text Block]	Nine Months ended Nine Months ended September 30, 2022 September 30, 2021 Sales Net Income Sales Net Income Acquired Companies: Komtek (acquired January 15, 2021) $ 6,592,926 351,173 $ 5,052,649 $ 202,903 Global-Tek (acquired March 1, 2021) 4,883,279 (540,931 ) 7,209,950 1,388,401 EH (acquired July 1, 2021) 1,088,372 97,375 268,102 19,549 Reverso Pumps (acquired January 10, 2022) 3,930,057 663,070 - - Separ America (acquired January 10, 2022) 1,440,788 247,346 - - Knitting Machinery (acquired May 1, 2022) 818,108 73,195 - - Subtotal Acquired Companies $ 18,753,530 891,228 12,530,701 1,610,853 All Other Companies 76,340,866 2,600,456 64,311,044 3,977,746 Total $ 95,094,396 $ 3,491,684 $ 76,841,745 $ 5,588,599
Knitting Machinery Company of America LLC [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash Consideration Transferred $ 250,000 Fair Value of Stock Consideration 1,000,012 Total Consideration $ 1,250,012 Cash $ 100,000 Accounts Receivable 155,932 Inventory 664,861 Fixed Assets 164,123 Intangible Assets 150,000 Goodwill 424,261 Total Assets Acquired $ 1,659,177 Accounts Payable $ 33,694 Deferred Revenue 375,471 Total Liabilities Assumed $ 409,165 Total Fair Value $ 1,250,012 Acquisition transaction costs incurred were: $ 30,479
Reverso Pumps, Inc. [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash Consideration Transferred $ 3,973,375 Seller Transaction Costs 230,359 Total Consideration $ 4,203,734 Accounts Receivable 471,879 Inventory 1,349,115 Fixed Assets 255,000 Prepaid and Other Assets 47,632 Intangible Asset: Customer List & Trademark 1,300,000 Goodwill 1,378,191 Total Assets Acquired $ 4,801,817 Accounts Payable $ 542,359 Accrued Expense 55,724 Total Liabilities Assumed $ 598,083 Total Fair Value $ 4,203,734 Acquisition transaction costs incurred were: $ 124,825
Acquisition of Emergency Hydraulics LLC [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Assumption of Indebtedness $ 287,359 Accounts Receivable 79,843 Inventory 67,254 Intangible Assets: Customer List 478,649 Total Assets Acquired $ 625,746 Accounts Payable $ 338,387 Total Liabilities Assumed $ 338,387 Total Fair Value $ 287,359 Acquisition transaction costs incurred were: $ 36,204
Acquisition of Global Tek Manufacturing LLC [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash Consideration Transferred $ 4,926,035 Seller Transaction Costs and Repayment of Indebtedness 1,398,394 Total Consideration $ 6,324,429 Accounts Receivable $ 1,058,460 Inventory 173,202 Fixed Assets 3,233,073 Prepaid and Other Assets 189,214 Intangibles Asset: Trademark 1,162,000 Intangible Asset: Customer List 1,041,000 Goodwill 1,896,607 Total Assets Acquired $ 8,753,556 Accounts Payable $ 473,119 Accrued Payroll and Other Expense 456,008 Contingent Liability 1,500,000 Total Liabilities Assumed $ 2,429,127 Total Fair Value $ 6,324,429 Acquisition transaction costs incurred were: $ 190,007
Komtek Forge Acquisition [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Cash Consideration Transferred $ 840,551 Assumed Debt 1,753,757 Fair Value of Stock Consideration 1,059,000 Total Consideration $ 3,653,308 Cash $ 75,701 Accounts Receivable 1,502,713 Inventory 1,595,859 Fixed Assets 434,197 Prepaid and Other Assets 280,258 Goodwill 832,306 Total Assets Acquired $ 4,721,034 Accounts Payable $ 843,817 Accrued Expense 223,909 Total Liabilities Assumed $ 1,067,726 Total Fair Value $ 3,653,308 Acquisition transaction costs incurred were: $ 147,400

Note 13 - Segment and Related_2

Note 13 - Segment and Related Information (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, 2022 Commercial Air Handling Industrial And Transportation Products Corporate and Other Consolidated Sales $ 11,485,339 $ 20,704,284 $ - $ 32,189,623 Gross Profit 2,558,998 3,750,805 - 6,309,803 Operating Income 1,522,819 1,132,485 (655,626 ) 1,999,678 Pretax Income 1,522,819 986,173 (746,794 ) 1,762,198 Net Income 1,088,816 699,678 (533,949 ) 1,254,545 Three Months Ended September 30, 2021 Commercial Air Handling Industrial And Transportation Products Corporate and Other Consolidated Sales $ 8,854,347 $ 17,543,510 $ - $ 26,397,857 Gross Profit 1,420,320 3,977,389 - 5,397,709 Operating Income 291,729 1,603,125 (26,073 ) 1,868,781 Pretax Income 297,692 1,734,115 (540,407 ) 1,491,400 Net Income 223,269 1,379,982 (405,374 ) 1,197,877 Nine Months Ended September 30, 2022 Commercial Air Handling Industrial And Transportation Products Corporate and Other Consolidated Sales $ 34,888,594 $ 60,205,802 $ - $ 95,094,396 Gross Profit 7,641,794 11,802,906 - 19,444,700 Operating Income 4,467,716 4,254,106 (2,949,295 ) 5,772,527 Pretax Income 4,467,716 3,916,265 (3,385,022 ) 4,998,959 Net Income 3,194,417 2,717,548 (2,420,281 ) 3,491,684 Nine Months Ended September 30, 2021 Commercial Air Handling Industrial And Transportation Products Corporate and Other Consolidated Sales $ 27,591,991 $ 49,249,754 $ - $ 76,841,745 Gross Profit 5,681,179 11,499,037 706 17,180,922 Operating Income 2,182,452 4,687,388 (555,802 ) 6,314,038 Pretax Income 2,188,415 4,417,620 148,780 6,754,815 Net Income 1,641,311 3,471,748 475,540 5,588,599

Note 3 - Accounts Receivable (D

Note 3 - Accounts Receivable (Details Textual) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 38,288	$ 75,930

Note 4 - Inventory - Inventory

Note 4 - Inventory - Inventory (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Raw materials and component parts	$ 3,478,146	$ 3,904,865
Work-in-process	1,877,664	3,949,647
Finished products	16,724,566	9,183,532
Total inventory	22,080,376	17,038,044
Less: inventory reserves	559,313	452,607
Net inventory	$ 21,521,062	$ 16,585,437

Note 5 - Goodwill and Other I_3

Note 5 - Goodwill and Other Intangible Assets, Net (Details Textual) - USD ($)	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Mar. 01, 2021	Dec. 31, 2020
Goodwill, Period Increase (Decrease), Total					$ 1,800,000
Goodwill, Ending Balance	$ 16,157,277				16,157,277		$ 14,404,618		$ 11,505,852
Goodwill, Acquired During Period		$ 1,900,000			1,922,513		2,898,766
Goodwill, Purchase Accounting Adjustments					(169,854)		$ 0
Amortization of Intangible Assets	$ 316,729			$ 229,817	$ 956,853	$ 653,733
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)					1 year
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)					15 years
Acquisition of Global Tek Manufacturing LLC [Member]
Goodwill, Ending Balance								$ 1,896,607
Goodwill, Purchase Accounting Adjustments			$ (100,000)

Note 5 - Goodwill and Other I_4

Note 5 - Goodwill and Other Intangible Assets, Net - Goodwill By Reportable Segment (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
Beginning Balance		$ 14,404,618	$ 11,505,852
Acquisitions	$ 1,900,000	1,922,513	2,898,766
Adjustments		(169,854)	0
Ending Balance		16,157,277	14,404,618
Commercial Air Handling [Member]
Beginning Balance		478,256	478,256
Acquisitions		0	0
Adjustments		0	0
Ending Balance		478,256	478,256
Industrial and Transportation Products [Member]
Beginning Balance		13,926,362	11,027,596
Acquisitions		1,922,513	2,898,766
Adjustments		(169,854)	0
Ending Balance		$ 15,679,021	$ 13,926,362

Note 5 - Goodwill and Other I_5

Note 5 - Goodwill and Other Intangible Assets, Net - Summary of Intangible Assets (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Other intangibles, gross	$ 13,990,149	$ 12,540,149
Less: accumulated amortization	4,160,437	3,203,585
Intangible assets, net	9,829,712	9,336,564
Customer-Related Intangible Assets [Member]
Other intangibles, gross	9,316,000	8,741,000
Noncompete Agreements [Member]
Other intangibles, gross	200,000	200,000
Trademarks [Member]
Other intangibles, gross	$ 4,474,149	$ 3,599,149

Note 6 - Property, Plant and _3

Note 6 - Property, Plant and Equipment, Net (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Depreciation, Total	$ 597,320	$ 511,046	$ 1,778,566	$ 1,535,870
Inventory Transferred to Machinery and Equipment [Member]
Property, Plant and Equipment, Transfers and Changes	$ 1,000,000

Note 6 - Property, Plant and _4

Note 6 - Property, Plant and Equipment, Net - Schedule of Property, Plant, and Equipment (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Property Plant and Equipment, Gross	$ 26,462,847	$ 24,805,224
Less: accumulated depreciation	10,929,089	9,196,022
Property plant & equipment, net	15,533,758	15,609,202
Land [Member]
Property Plant and Equipment, Gross	231,034	231,034
Building and Building Improvements [Member]
Property Plant and Equipment, Gross	3,259,845	2,961,431
Machinery and Equipment [Member]
Property Plant and Equipment, Gross	$ 22,971,968	$ 21,612,759

Note 7 - Investments in Equit_3

Note 7 - Investments in Equity Securities - Summary of Investment in Equity Securities (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Balance	$ 1,518,244	$ 1,534,400
Acquisitions, Dispositions and Settlements	0	19,698
Unrealized Gains Included in Earnings	(535,439)	(188,615)
Realized Gains Included in Earnings	0	152,761
Balance	$ 982,805	$ 1,518,244

Note 7 - Investments in Equit_4

Note 7 - Investments in Equity Securities - Schedule of Fair Value of Investments (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Balance	$ 982,805	$ 1,518,244	$ 1,534,400
Reported Value Measurement [Member]
Balance	982,805	1,518,244
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Balance	982,805	1,518,244
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Balance	0	0
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Balance	$ 0	$ 0

Note 8 - Bank Debt (Details Tex

Note 8 - Bank Debt (Details Textual) - J P Morgan Chase Bank [Member] - USD ($)	Mar. 02, 2021	Sep. 30, 2022	Dec. 31, 2021
Term Debt [Member]
Long-term Debt, Total	$ 6,000,000
Debt Instrument, Periodic Payment, Total	111,111
Debt Instrument, Payment on Maturity Date	$ 222,223
Term Debt [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Term Debt [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 30,000,000
Line of Credit Facility, Commitment Fee Percentage	0.25%
Line of Credit Facility, Remaining Borrowing Capacity		$ 9,100,000	$ 13,700,000
Revolving Credit Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.25%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 3,000,000

Note 8 - Bank Debt - Summary of

Note 8 - Bank Debt - Summary of Loan Balances (Details) - Bank Debt [Member] - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Total Bank Debt	$ 21,336,140	$ 17,755,937
Less: current portion	444,445	1,444,444
Non-current bank debt	20,891,695	16,311,493
Less: unamortized debt costs	71,196	136,057
Net non-current bank debt	20,820,499	16,175,436
Term Debt [Member]
Total Bank Debt	444,445	1,444,444
Line of Credit [Member]
Total Bank Debt	$ 20,891,695	$ 16,311,493

Note 9 - Notes Payable (Details

Note 9 - Notes Payable (Details Textual) - USD ($)				9 Months Ended
	Sep. 30, 2022	Jul. 05, 2018	Jul. 01, 2018	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Jan. 15, 2021	Jan. 14, 2021	Jul. 01, 2016
Payments to Acquire Businesses, Gross				$ 4,331,739	$ 7,376,740
CAD Enterprises, Inc. [Member]
Business Combination, Consideration Transferred, Total			$ 21,000,000
Payments to Acquire Businesses, Gross			$ 12,000,000
Notes Payable [Member]
Notes Payable, Total	$ 3,891,171			3,891,171		$ 7,222,262
Seller Note [Member] | CAD Enterprises, Inc. [Member]
Debt Instrument, Interest Rate, Stated Percentage			4%
Repayments of Debt	600,000
Seller Note [Member] | Notes Payable [Member]
Debt Instrument, Face Amount	9,000,000			9,000,000		9,000,000
Notes Payable, Total	1,125,000			1,125,000		3,937,500
First Francis [Member] | Related Party Notes, One [Member] | Notes Payable [Member]
Debt Instrument, Face Amount									$ 2,000,000
First Francis [Member] | Related Party Notes, Two [Member] | Notes Payable [Member]
Debt Instrument, Face Amount									$ 2,768,662
First Francis [Member] | Related Party Notes [Member] | Notes Payable [Member]
Debt Instrument, Interest Rate, Stated Percentage		6.25%
Line of Credit Facility, Interest Rate During Period		4%
Notes Payable, Total								$ 2,077,384
First Francis [Member] | Related Party Notes [Member] | Notes Payable [Member] | Komtek Forge [Member]
Notes Payable, Total								$ 1,702,400
First Francis [Member] | Related Party Notes Three [Member] | Notes Payable [Member]
Debt Instrument, Face Amount	3,779,784			3,779,784
Debt Instrument, Interest Rate, Stated Percentage							6.25%
Notes Payable, Total	$ 2,766,171			$ 2,766,171		$ 3,284,762	$ 3,779,784

Note 9 - Notes Payable - Notes

Note 9 - Notes Payable - Notes Payable (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Jan. 15, 2021
Less current portion	$ 1,855,065	$ 2,946,885
Notes Payable [Member]
Notes payable	3,891,171	7,222,262
Less current portion	1,855,065	2,946,885
Notes payable – non-current portion	2,036,106	4,275,377
Notes Payable [Member] | Related Party Notes Three [Member] | First Francis [Member]
Notes payable	2,766,171	3,284,762	$ 3,779,784
Notes Payable [Member] | Seller Note [Member]
Notes payable	$ 1,125,000	$ 3,937,500

Note 9 - Notes Payable - Note_2

Note 9 - Notes Payable - Notes Payable (Details) (Parentheticals) - Notes Payable [Member] - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Related Party Notes Three [Member] | First Francis [Member]
Notes payable, face value	$ 3,779,784
Seller Note [Member]
Notes payable, face value	$ 9,000,000	$ 9,000,000

Note 10 - Leases (Details Textu

Note 10 - Leases (Details Textual)	9 Months Ended
	Sep. 30, 2022
Lessee, Operating and Finance Lease, Renewal Term (Year)	10 years
Minimum [Member]
Operating and Finance Lease, Remaining Term (Year)	2 years
Maximum [Member]
Operating and Finance Lease, Remaining Term (Year)	15 years

Note 10 - Leases - Lease Assets

Note 10 - Leases - Lease Assets and Liabilities (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Operating lease right-of-use assets, net	$ 8,388,087	$ 8,998,776
Operating Leases (in years) (Year)	9 years	9 years
Operating Leases	5%	5%
Other Current Liabilities [Member]
Other current liabilities	$ 1,654,706	$ 1,241,681
Operating Lease Liabilities [Member]
Operating lease liabilities	6,972,093	7,985,628
Other Current Liabilities and Operating Lease Liabilities [Member]
Total operating lease liabilities	$ 8,626,799	$ 9,227,309

Note 11 - Earnings Per Common_3

Note 11 - Earnings Per Common Share - Summary of Earnings Per Share Calculation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net Income	$ 1,254,545	$ 1,197,877	$ 3,491,684	$ 5,588,599
Weighted average shares of common stock outstanding - Basic (in shares)	3,476,087	3,408,906	3,458,437	3,403,609
Net Income Per Common Share - Basic (in dollars per share)	$ 0.36	$ 0.35	$ 1.01	$ 1.64
Warrants, Options and Convertible Notes (in shares)	0	913	0	898
Diluted (in shares)	3,476,087	3,409,819	3,458,437	3,404,507
Net Income Per Common Share - Diluted (in dollars per share)	$ 0.36	$ 0.35	$ 1.01	$ 1.64

Note 12 - Acquisitions (Details

Note 12 - Acquisitions (Details Textual) - USD ($)						3 Months Ended		9 Months Ended
	May 01, 2022	Jan. 10, 2022	Jul. 01, 2021	Mar. 01, 2021	Jan. 15, 2021	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Goodwill, Ending Balance						$ 16,157,277		$ 16,157,277		$ 14,404,618	$ 11,505,852
Payments to Acquire Businesses, Gross								4,331,739	$ 7,376,740
Reverso Asset Purchase Agreement [Member] | Reverso Pumps, Inc. [Member]
Asset Acquisition, Consideration Transferred, Total		$ 2,600,000
Komtek Forge Acquisition [Member]
Business Combination, Consideration Transferred, Total					$ 3,653,308
Goodwill, Ending Balance					832,306
Payments to Acquire Businesses, Gross					840,551
Business Combination, Consideration Transferred, Liabilities Incurred					1,753,757
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable					$ 1,059,000
Komtek Forge Acquisition [Member] | Common Class A [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)					60,000
Acquisition of Global Tek Manufacturing LLC [Member]
Business Combination, Consideration Transferred, Total				$ 6,324,429
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)				61,475		30,736
Goodwill, Ending Balance				$ 1,896,607
Payments to Acquire Businesses, Gross				4,926,035
Business Combination, Acquisition Related Costs and Payments for Debt				1,400,000
Business Combination, Contingent Consideration, Liability, Total				1,500,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Annual Value, High				750,000
Payment for Contingent Consideration Liability, Operating Activities							$ 750,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High						$ 750,000		750,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low						$ 0		$ 0
Business Combination, Consideration Transferred, Liabilities Incurred				1,398,394
Acquisition of Global Tek Manufacturing LLC [Member] | Trade Names [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total				1,200,000
Acquisition of Global Tek Manufacturing LLC [Member] | Customer Lists [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total				1,041,000
Acquisition of Global Tek Manufacturing LLC [Member] | Trademarks [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total				$ 1,162,000
Acquisition of Emergency Hydraulics LLC [Member]
Business Combination, Consideration Transferred, Liabilities Incurred			$ 287,359
Acquisition of Emergency Hydraulics LLC [Member] | Customer Lists [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total			$ 478,649
Reverso Pumps, Inc. [Member]
Business Combination, Consideration Transferred, Total		4,203,734
Goodwill, Ending Balance		1,378,191
Payments to Acquire Businesses, Gross		3,973,375
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total		1,300,000
Business Combination, Consideration Transferred, Liabilities Incurred		230,359
Reverso Pumps, Inc. [Member] | Separ America [Member]
Payments to Acquire Businesses, Gross		1,600,000
Reverso Pumps, Inc. [Member] | Customer List and Trademarks [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total		$ 1,300,000
Knitting Machinery Company of America LLC [Member]
Business Combination, Consideration Transferred, Total	$ 1,250,012
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	38,462
Goodwill, Ending Balance	$ 424,261
Payments to Acquire Businesses, Gross	250,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total	150,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	1,000,012
Knitting Machinery Company of America LLC [Member] | Customer Lists [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	75,000
Knitting Machinery Company of America LLC [Member] | Trademarks [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 75,000

Note 12 - Acquisitions - Summar

Note 12 - Acquisitions - Summary Assets Acquired and Liabilities Assumed of Komtek Forge (Details) - USD ($)		9 Months Ended
	Jan. 15, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Cash Consideration Transferred		$ 4,331,739	$ 7,376,740
Goodwill		$ 16,157,277		$ 14,404,618	$ 11,505,852
Komtek Forge Acquisition [Member]
Cash Consideration Transferred	$ 840,551
Assumed Debt	1,753,757
Fair Value of Stock Consideration	1,059,000
Total Consideration	3,653,308
Cash	75,701
Accounts Receivable	1,502,713
Inventory	1,595,859
Fixed Assets	434,197
Prepaid and Other Assets	280,258
Goodwill	832,306
Total Assets Acquired	4,721,034
Accounts Payable	843,817
Accrued Expense	223,909
Total Liabilities Assumed	1,067,726
Total Fair Value	3,653,308
Acquisition transaction costs incurred were:	$ 147,400

Note 12 - Acquisitions - Summ_2

Note 12 - Acquisitions - Summary Assets Acquired and Liabilities Assumed of Global-Tek-Manufacturity, LLC (Details) - USD ($)		9 Months Ended
	Mar. 01, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Cash Consideration Transferred		$ 4,331,739	$ 7,376,740
Goodwill		$ 16,157,277		$ 14,404,618	$ 11,505,852
Acquisition of Global Tek Manufacturing LLC [Member]
Cash Consideration Transferred	$ 4,926,035
Assumed Debt	1,398,394
Total Consideration	6,324,429
Accounts Receivable	1,058,460
Inventory	173,202
Fixed Assets	3,233,073
Prepaid and Other Assets	189,214
Goodwill	1,896,607
Total Assets Acquired	8,753,556
Accounts Payable	473,119
Accrued Payroll and Other Expense	456,008
Contingent Liability	1,500,000
Total Liabilities Assumed	2,429,127
Total Fair Value	6,324,429
Acquisition transaction costs incurred were:	190,007
Acquisition of Global Tek Manufacturing LLC [Member] | Trademarks [Member]
Intangible Asset	1,162,000
Intangible Asset	1,162,000
Acquisition of Global Tek Manufacturing LLC [Member] | Customer Lists [Member]
Intangible Asset	1,041,000
Intangible Asset	$ 1,041,000

Note 12 - Acquisitions - Summ_3

Note 12 - Acquisitions - Summary Assets Acquired and Liabilities Assumed of Emergency Hydraulics, LLC (Details) - Acquisition of Emergency Hydraulics LLC [Member]	Jul. 01, 2021 USD ($)
Assumption of Indebtedness	$ 287,359
Accounts Receivable	79,843
Inventory	67,254
Total Assets Acquired	625,746
Accounts Payable	338,387
Total Liabilities Assumed	338,387
Total Fair Value	287,359
Acquisition transaction costs incurred were:	36,204
Customer Lists [Member]
Intangible Asset	$ 478,649

Note 12 - Acquisitions - Summ_4

Note 12 - Acquisitions - Summary Assets Acquired and Liabilities Assumed of Reverso Pumps LLC (Details) - USD ($)		9 Months Ended
	Jan. 10, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Cash Consideration Transferred		$ 4,331,739	$ 7,376,740
Goodwill		$ 16,157,277		$ 14,404,618	$ 11,505,852
Reverso Pumps, Inc. [Member]
Cash Consideration Transferred	$ 3,973,375
Assumed Debt	230,359
Total Consideration	4,203,734
Accounts Receivable	471,879
Inventory	1,349,115
Fixed Assets	255,000
Prepaid and Other Assets	47,632
Intangible Asset	1,300,000
Goodwill	1,378,191
Total Assets Acquired	4,801,817
Accounts Payable	542,359
Accrued Expense	55,724
Total Liabilities Assumed	598,083
Total Fair Value	4,203,734
Acquisition transaction costs incurred were:	$ 124,825

Note 12 - Acquisitions - Summ_5

Note 12 - Acquisitions - Summary Assets Acquired and Liabilities Assumed of Knitting Machinery (Details) - USD ($)		9 Months Ended
	May 01, 2022	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Cash Consideration Transferred		$ 4,331,739	$ 7,376,740
Goodwill		$ 16,157,277		$ 14,404,618	$ 11,505,852
Knitting Machinery Company of America LLC [Member]
Cash Consideration Transferred	$ 250,000
Fair Value of Stock Consideration	1,000,012
Total Consideration	1,250,012
Cash	100,000
Accounts Receivable	155,932
Inventory	664,861
Fixed Assets	164,123
Intangible Asset	150,000
Goodwill	424,261
Total Assets Acquired	1,659,177
Accounts Payable	33,694
Deferred Revenue	375,471
Total Liabilities Assumed	409,165
Total Fair Value	1,250,012
Acquisition transaction costs incurred were:	$ 30,479

Note 12 - Acquisitions - Revenu

Note 12 - Acquisitions - Revenue and Net Income of Acquired Entities (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	$ 95,094,396	$ 76,841,745
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	3,491,684	5,588,599
Komtek Forge Acquisition [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	6,592,926	5,052,649
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	351,173	202,903
Acquisition of Global Tek Manufacturing LLC [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	4,883,279	7,209,950
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	(540,931)	1,388,401
Acquisition of Emergency Hydraulics LLC [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	1,088,372	268,102
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	97,375	19,549
Reverso Pumps, Inc. [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	3,930,057	0
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	663,070	0
Separ America [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	1,440,788	0
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	247,346	0
Knitting Machinery Company of America LLC [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	818,108	0
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	73,195	0
Acquired Entities [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	18,753,530	12,530,701
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	891,228	1,610,853
All Other Entities [Member]
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	76,340,866	64,311,044
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual	$ 2,600,456	$ 3,977,746

Note 13 - Segment and Related_3

Note 13 - Segment and Related Information (Details Textual)	9 Months Ended
	Sep. 30, 2022
Number of Reportable Segments	2

Note 13 - Segment and Related_4

Note 13 - Segment and Related Information - Information by Industry Segment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Sales	$ 32,189,623	$ 26,397,857	$ 95,094,396	$ 76,841,745
Gross Profit	6,309,803	5,397,709	19,444,700	17,180,922
Operating Income	1,999,678	1,868,781	5,772,527	6,314,038
Pretax Income	1,762,198	1,491,400	4,998,959	6,754,815
Net Income	1,254,545	1,197,877	3,491,684	5,588,599
Commercial Air Handling [Member]
Sales	11,485,339	8,854,347	34,888,594	27,591,991
Gross Profit	2,558,998	1,420,320	7,641,794	5,681,179
Operating Income	1,522,819	291,729	4,467,716	2,182,452
Pretax Income	1,522,819	297,692	4,467,716	2,188,415
Net Income	1,088,816	223,269	3,194,417	1,641,311
Industrial and Transportation Products [Member]
Sales	20,704,284	17,543,510
Gross Profit	3,750,805	3,977,389
Operating Income	1,132,485	1,603,125
Pretax Income	986,173	1,734,115
Net Income	699,678	1,379,982
Aerospace [Member]
Sales			60,205,802	49,249,754
Gross Profit			11,802,906	11,499,037
Operating Income			4,254,106	4,687,388
Pretax Income			3,916,265	4,417,620
Net Income			2,717,548	3,471,748
Corporate and Other [Member]
Sales		0	95,094,396	76,841,745
Gross Profit	0	0	19,444,700	17,180,922
Operating Income	(655,626)	(26,073)	5,772,527	6,314,038
Pretax Income	(746,794)	(540,407)	4,998,959	6,754,815
Net Income	$ (533,949)	$ (405,374)	3,491,684	5,588,599
Industrial Hose [Member]
Sales			0	0
Gross Profit			0	706
Operating Income			(2,949,295)	(555,802)
Pretax Income			(3,385,022)	148,780
Net Income			$ (2,420,281)	$ 475,540