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Note 6 - Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | NOTE 6 - INTANGIBLE ASSETS At December 31, 2021 and December 31, 2020, other intangible assets, net of accumulated amortization, consisted of customer relationships acquired in connection with the purchase of BS Plastic A/S and the cost of patent applications for the Company’s products. Intangible assets consisted of the following at December 31, 2021 and December 31, 2020:
|  | 2021 |  |  | 2020 |
Customer relationships |  | $ | 502,957 |  |  | $ | 544,770 |
Patent cost |  |  | 189,017 |  |  |  | 204,731 |
|  |  | 691,974 |  |  |  | 749,501 |
Less Accumulated amortization |  |  | (357,231 | ) |  |  | (269,441 | )
Intangible assets, net |  | $ | 334,743 |  |  | $ | 480,060 |
Amortization expense amounted to $108,471 and $113,738 for the year ended December 31, 2021 and 2020, respectively. Expected future amortization expense for the years ended are as follows:
Year ending December 31, |  | Amortization Expenses |
2022 |  |  | 108,471 |
2023 |  |  | 108,471 |
2024 |  |  | 74,940 |
2025 |  |  | 7,880 |
2026 |  |  | 7,880 |
Thereafter |  |  | 27,101 |
|  | $ | 334,743 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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