| Schedule of Other Income (Expenses) Net |
Other income (expenses) net, consisted of the
following:
| | |
During the Three-Month
Periods Ended June 30, | | |
During the Six-Month
Periods Ended June 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Interest expense(1) | |
$ | (124,795 | ) | |
$ | (142,386 | ) | |
$ | (252,723 | ) | |
$ | (288,388 | ) |
| (Gain) loss on disposal of property, plant and equipment | |
| 7,128 | | |
| (14,557 | ) | |
| 2,263 | | |
| (14,557 | ) |
| Interest income | |
| 48,113 | | |
| 13,264 | | |
| 85,582 | | |
| 22,791 | |
| Insurance recoveries(2) | |
| — | | |
| — | | |
| 426,587 | | |
| — | |
| Other income | |
| 3,776 | | |
| — | | |
| 3,776 | | |
| — | |
| Other (expenses) income, net | |
$ | (65,778 | ) | |
$ | (143,679 | ) | |
$ | 265,485 | | |
$ | (280,154 | ) |
| (1) | Interest expense includes amortization of debt issuance and
debt discount costs of $10,806 during both the three-month periods ended June 30, 2025 and 2024, and $21,612 and $21,054 during the six-month
periods ended June 30, 2025 and 2024, respectively. |
| (2) | The income from insurance recoveries resulted from claim benefits
paid to us during the first quarter of 2025 under our business interruption policy related to product contamination losses incurred during
late 2022 and through early 2024. This recovery does not include the $250,000 received on this claim during the third quarter of 2023. |
|