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Note 7 - Other Comprehensive Income
 6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
Note
7
- Other Comprehensive Income
 
In the
six
months ended
June 30, 2020,
the Company incurred other comprehensive loss of approximately
$1,297,000
from foreign currency translation adjustments. The main contributing factor was a sudden
22%
decline in the valuation of the Mexican peso related to the COVID-
19
pandemic discussed above and resulting large-scale, rapid impacts to the world economy.
 
The following table sets forth the accumulated balance of other comprehensive income and each component.
 
   
 
Foreign Currency Items
    
Total
Accumulated Other
Comprehensive Income
  
                 
Beginning balance as of January 1, 2020
   $
(5,348,812
 )   $
(5,348,812
 )
                 
Current period change, net of tax
    
(1,297,176
 )    
(1,297,176
 )
                 
Ending Balance as of June 30, 2020
   $
(6,645,988
 )   $
(6,645,988
 )