v3.26.1
Balance sheet details
6 Months Ended
Jun. 30, 2026
Notes  
Balance sheet details

Note 6. Balance sheet details

Inventories. Inventories are stated on a standard cost basis adjusted to approximate lower of cost or net realizable value, cost being determined by the first‑in, first‑out method. The value of inventories is reduced for estimated excess and obsolete inventories based on a review of on-hand inventories compared to historical and estimated future sales and usage. A summary of inventories at the dates indicated is as follows:

 

 

June 30, 2026

 

 

December 31, 2025

 

Raw material

 

$

2,295,485

 

 

$

2,257,798

 

Work-in-process

 

 

1,847,320

 

 

 

1,587,646

 

Finished goods

 

 

2,608,164

 

 

 

2,739,477

 

Inventories, gross

 

 

6,750,969

 

 

 

6,584,921

 

Valuation allowance

 

 

(413,941

)

 

 

(413,941

)

   Inventories, net

 

$

6,337,028

 

 

$

6,170,980

 

 

Other Accrued Liabilities

 

 

June 30, 2026

 

 

December 31, 2025

 

Customer settlement - current

 

$

220,000

 

 

$

220,000

 

Other

 

 

20,681

 

 

 

28,431

 

Total

 

$

240,681

 

 

$

248,431