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Note 2 - Inventories
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Inventory Disclosure [Text Block]
NOTE 2 - INVENTORIES

 

Inventories consisted of the following on December 31, 2024, and 2023:

 

  

December 31,

  

December 31,

 
  

2024

  

2023

 

Furnace parts and supplies

 $-  $55,177 

Raw materials

  2,734,781   3,301,526 

Work in process

  2,435,280   1,271,458 

Finished goods and filtration systems

  1,580,255   1,507,113 

Reserve for obsolescence

  (1,209,124)  (867,458)

Total inventories, net

 $5,541,192  $5,267,816 

 

Inventory valuation adjustments for excess and obsolete inventories are calculated based on current inventory levels, movements, expected useful lives, and estimated future demand for the products.