| Balance Sheet Details |
Note 6. Balance Sheet Details Inventories. Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method. A summary of inventories at the dates indicated is as follows:
|
|
|
|
|
|
|
|
|
|
|
March 31, 2025 |
|
|
December 31, 2024 |
|
Raw material |
|
$ |
2,337,598 |
|
|
$ |
2,569,277 |
|
Work-in-process |
|
|
2,312,556 |
|
|
|
1,605,994 |
|
Finished goods |
|
|
2,856,995 |
|
|
|
2,864,549 |
|
Inventories, gross |
|
|
7,507,149 |
|
|
|
7,039,820 |
|
Valuation allowance |
|
|
(459,088 |
) |
|
|
(543,650 |
) |
Inventories, net |
|
$ |
7,048,061 |
|
|
$ |
6,496,170 |
|
Other Accrued Liabilities
|
|
|
|
|
|
|
|
|
|
|
March 31, 2025 |
|
|
December 31, 2024 |
|
Property taxes |
|
$ |
6,215 |
|
|
$ |
4,800 |
|
Customer settlement - current |
|
|
220,000 |
|
|
|
177,000 |
|
All other items |
|
|
33,669 |
|
|
|
102,697 |
|
Total |
|
$ |
259,884 |
|
|
$ |
284,497 |
|
|