v3.26.1
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 5. PROPERTY, PLANT AND EQUIPMENT

The following table summarizes property, plant and equipment as of June 30, 2026 and December 31, 2025:

 

 

 

As of
June 30,

 

 

As of
December 31,

 

 

 

2026

 

 

2025

 

Furniture, fixtures, computer hardware and
   computer software

 

$

418,884

 

 

$

492,210

 

Leasehold improvements

 

 

15,994

 

 

 

15,994

 

Manufacturing machinery and equipment

 

 

18,592,336

 

 

 

18,592,336

 

Manufacturing machinery and equipment,
   in progress

 

 

32,087

 

 

 

32,087

 

Depreciable property, plant and equipment

 

 

19,059,301

 

 

 

19,132,627

 

Less: Accumulated depreciation and amortization

 

 

(18,910,960

)

 

 

(18,942,542

)

Net property, plant and equipment

 

$

148,341

 

 

$

190,085

 

 

Depreciation expense for the three months ended June 30, 2026 and 2025 was $20,608 and $17,442, respectively. Depreciation expense for the six months ended June 30, 2026 and 2025 was $41,744 and $34,167, respectively. Depreciation expense is recorded under “Depreciation and amortization expense” in the unaudited Condensed Statements of Operations.