Note 1 - Basis of Presentation

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Basis of Accounting [Text Block]

1.

  

BASIS OF PRESENTATION

The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles for financial information and with the instructions to Form

10

-K and Article

8

of Regulation S-

X.

In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.

Principles of Consolidation

The consolidated financial statements include the accounts of Crawford United and its wholly-owned domestic subsidiaries. Significant intercompany transactions and balances have been eliminated in the financial statements.