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Schedule II Valuation and Qualifying Accounts
 12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Item 15.

Exhibits and Financial Statement Schedules

 

(a)        Financial Statements and Schedules

 

The financial statements are set forth under Item 8 of this Annual Report. The following financial statement schedule for the years ended December 31, 2022 and December 31, 2021 is included in this Annual Report on Form 10-K:

 

a.          Valuation and Qualifying Accounts for the years ended December 31, 2022 and December 31, 2021.

 

  

2022

  

2021

 

Bad debt expense

  (24,534

)

  (28,499

)

Reserve for obsolete inventory

  404,160   162,651 

 

  

Balance

Beginning

of Year

  

Charges to

Costs and

Expenses

  

Deductions

(1)

  

Balance

End of

Year

 

Year Ended December 31, 2022

                

Allowance for inventory obsolescence

 $268,470  $404,160  $(9,403

)

 $663,227 

Allowance for doubtful accounts

  409,076   (24,534

)

  (324,983

)

  59,559 

Totals

 $677,546  $379,626  $(334,386

)

 $722,786 
                 

Year Ended December 31, 2021

                

Allowance for inventory obsolescence

 $723,949  $162,651  $(618,129

)

 $268,470 

Allowance for doubtful accounts

  498,044   (28,499

)

  (60,469

)

  409,076 

Totals

 $1,221,993  $134,152  $(678,598

)

 $677,546 

 

  

2022

  

2021

 

Allowance for doubtful accounts at the beginning of the period

 $409,076  $498,044 

Bad debt expense

  (24,534

)

  (28,499

)

Receivables written off during the periods

  (295,778

)

  (24,415

)

Effect of currency translation

  (29,205

)

  (36,054

)

Allowance for doubtful accounts at the end of the period

 $59,559  $409,076 

 

(1) Includes write-offs, the impact of foreign currency exchange rates.

 

Schedules other than that listed above are omitted because the conditions requiring their filing do not exist or because the required information is provided in the Consolidated Financial Statements, including the Notes thereto. Financial statement schedules have been omitted since they are either not required, not applicable, or the information is otherwise included.