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Note 5 - Inventories
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Inventory Disclosure [Text Block]

NOTE 5 INVENTORIES

 

Inventories consisted of the following on March 31, 2025, and December 31, 2024:

 

   

March 31,

   

December 31,

 
   

2025

   

2024

 

Raw materials

  $ 2,837,155     $ 2,734,781  

Work in process

    2,428,645       2,435,280  

Finished goods and filtration systems

    1,708,563       1,580,255  

Reserve for obsolescence

    (1,259,408 )     (1,209,124 )

Total inventories, net

  $ 5,714,955     $ 5,541,192  

 

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.