Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

CRAWFORD UNITED CORPORATION

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

			Additions
	Balance at		Charged to
	Beginning		Costs and					Balance at
Description	of Period		Expenses		Deductions			End of Period
Year Ended December 31, 2022
Reserve for doubtful accounts	$	75,390	$	68,241	$	-		$	143,631
Reserve for inventory obsolescence		452,607		905,340		-			1,357,947
Reserve for product warranty		30,383		432,906		(398,289	)		65,000
Valuation allowance for deferred taxes		47,319		-		(8,319	)		39,000
Reserve for uncertain tax positions	$	590,000	$	-	$	(414,000	)	$	176,000
Year Ended December 31, 2023
Reserve for doubtful accounts	$	143,631	$	-	$	(38,408	)	$	105,223
Reserve for inventory obsolescence		1,357,947		58,000		(738,167	)		677,780
Reserve for product warranty		65,000		709,409		(571,796	)		202,613
Valuation allowance for deferred taxes		39,000		-		(6,000	)		33,000
Reserve for uncertain tax positions	$	176,000	$	-	$	(121,000	)	$	55,000