v3.26.1
Note 6 - Inventory
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Inventory Disclosure [Text Block]

6.

INVENTORY

 

Inventory is stated at the lower of cost, determined on a first in, first out basis, or net realizable value. The Company periodically evaluates inventory items and establishes reserves for obsolescence accordingly. The Company also reserves for excess quantities, slow moving goods, and for other impairment of value based upon assumptions of future demand and market conditions. The reserve on inventory is due to slow moving inventory purchased for projects in Nigeria, and slow-moving inventory elsewhere. The Company has been selling these units in small quantities and continues to explore other markets and opportunities to sell the product. Inventory is comprised of the following as at March 31, 2026 and December 31, 2025:

 

  

March 31,

  

December 31,

 
  

2026

  

2025

 
         

Finished goods

 $3,446,232  $2,880,593 

Fabricated assemblies

  53,290   750,381 

Reserve on finished goods

  (3,161,125)  (3,260,095)

Total inventory

 $338,397  $370,879