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Note 7 - Other Comprehensive Income
 6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 7 - Other Comprehensive Income

 

In the three months ended June 30, 2021 and 2020, the Company incurred other comprehensive income of approximately $48,073 and $66,327, respectively, from foreign currency translation adjustments.  In the six months ended June 30, 2021 and 2020, the Company incurred other comprehensive income (loss) of approximately $31,806 and $(1,297,176), respectively, from foreign currency translation adjustments.  The main contributing factor for the large other comprehensive loss in the six months ended June 30, 2020 was the sudden 25% decline in the valuation of the Mexican peso related to the COVID-19 pandemic and the resulting large-scale, rapid impacts to the world economy.