Note 7 – Inventory

Inventory consists of finished goods, components and raw materials. The Company’s inventory is stated at the lower of cost (FIFO cost basis) or net realizable value.

The carrying value of inventory consisted of the following:

During the years ended December 31, 2025 and 2024, $894,341 and $125,364, respectively, of expiring and slow-moving inventory was written off to cost of sales and $150,000 has been accrued for to dispose of these expired goods.