Exhibit 99.3
ROCKY BRANDS, INC. AND SUBSIDIARIES
SCHEDULE II
CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS DECEMBER 31, 2008,
2007 AND 2006
                                 
            Additions            
    Balance at   Charged to            
    Beginning of   Costs and           Balance at
DESCRIPTION   Period   Expenses   Deductions   End of Period
ALLOWANCE FOR DOUBTFUL ACCOUNTS                
Year ended December 31, 2008
   $ 973,650     $ 1,845,828   $ (793,478) (1)   $ 2,026,000  
Year ended December 31, 2007
   $ 838,000     $ 1,024,217     $ (888,567) (1)   $ 973,650  
Year ended December 31, 2006
   $ 984,800     $ 520,620     $ (667,420) (1)   $ 838,000  
 
                                
VALUATION ALLOWANCE FOR DEFERRRED TAX ASSETS
Year ended December 31, 2008
   $ 502,292     $ 137,776     $ —     $ 640,068  
Year ended December 31, 2007
   $ 402,958     $ 99,334     $ —     $ 502,292  
Year ended December 31, 2006
   $ 314,332     $ 88,626     $ —     $ 402,958  
 
(1)   Amount charged off, net of recoveries