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Note 15 - Subsequent Event
3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Subsequent Events [Text Block]
15.
Subsequent Event
 
In early
April 2020,
the Company was ordered to close its water infrastructure manufacturing facility in San Luis Río Colorado, Mexico (“SLRC”) through
April 
30,
2020
as a result of mandates made by Mexican authorities that companies that do
not
carry out essential activities must suspend business operations in order to combat and eradicate the existence and transmission of COVID-
19.
In mid-
April 2020,
the Mexican authorities extended this closure to
May 
31,
2020.
 The Company is diverting current orders on a case-by-case basis to its United States-based facilities until operations resume in the SLRC facility and the Company does
not
believe the impact of moving the production is material to its financial results. Consistent with national guidelines and with state and local orders to date, the Company currently continues to operate its manufacturing facilities in the United States as it produces critical water infrastructure products.
 
While COVID-
19
did
not
have a material adverse effect on the Company's reported results for the
first
quarter of
2020,
the Company is unable to predict the ultimate impact that
COVID‑19
 
may
have on its business, future results of operations, financial position, or cash flows. The extent to which the Company's operations
may
be impacted by the COVID-
19
pandemic will depend largely on future developments, which are highly uncertain and cannot be accurately predicted, including new information which
may
emerge concerning the severity of the outbreak and actions by government authorities to contain the outbreak or treat its impact. Furthermore, the impacts of a potential worsening of global and domestic economic conditions, including the long-term potential to reduce or delay funding of municipal projects, and the continued disruptions to and volatility in the financial markets remain unknown. The Company is closely monitoring the impact of the outbreak of COVID-
19
on all aspects of its business, including the impact on its employees, customers, supply chain, and distribution network, and has taken proactive and precautionary steps to ensure the safety of its employees, customers, and suppliers.