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Note 2 - Inventory
3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Inventory Disclosure [Text Block]
NOTE
2
- INVENTORY
 
Inventory consisted of the following at
March 31, 2020
and
December 31, 2019:
 
   
20
20
   
201
9
 
Furnace parts and supplies
  $
925,300
    $
621,991
 
Raw materials
   
1,967,234
     
2,125,921
 
Work in process
   
1,877,131
     
1,624,499
 
Finished goods and filtration systems
   
1,209,729
     
1,492,135
 
Reserve for obsolescence
   
(654,895
)
   
(665,308
)
Net Inventory
  $
5,324,499
    $
5,199,238
 
 
Inventory valuation adjustments for excess and obsolete inventory are calculated based on current inventory levels, movements, expected useful lives, and estimated future demand for the products.