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Note 7 - Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | NOTE 7 - INTANGIBLE ASSETS At December 31, 2023 and December 31, 2022, 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, 2023 and December 31, 2022:
|  | 2023 |  |  | 2022 |
Customer relationships |  | $ | 489,273 |  |  | $ | 473,308 |
Patent cost |  |  | 183,874 |  |  |  | 177,875 |
|  |  | 673,148 |  |  |  | 651,183 |
Less Accumulated amortization |  |  | (558,555 | ) |  |  | (438,250 | )
Intangible assets, net |  | $ | 114,593 |  |  | $ | 212,933 |
Amortization expense amounted to $105,522 and $81,019 for the years ended December 31, 2023 and 2022, respectively. Expected future amortization expense for the years ended are as follows:
Year ending December 31, |  | Amortization Expenses |
2024 |  |  | 72,902 |
2025 |  |  | 7,665 |
2026 |  |  | 7,665 |
2027 |  |  | 7,665 |
2028 |  |  | 7,665 |
Thereafter |  |  | 11,031 |
|  | $ | 114,593 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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