Note 5 - Intangible Assets

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE

5

- INTANGIBLE ASSETS

At

December 31, 2019

and

December 31, 2018,

other intangible assets, net of accumulated amortization, consisted of Customer relationship acquired in connection with the purchase of BS Plastic A/S and patents on the Company’s products.

Intangible assets consisted of the following at

December 31, 2019

and

December 31, 2018:

	2019			2018
Customer Relationships	$	494,315		$	-
Patentcost		135,683			109,748
		629,998			109,748
Less Accumulated depreciation		(141,282	)		(109,000	)
Intangible assets, net	$	488,716		$	748

Expected future amortization expense for the years ended are as follows:

Year ending December 31,	Amortization Expenses
2020		101,599
Thereafter		387,117
	$	488,716