| SUPPLEMENTAL FINANCIAL STATEMENTS INFORMATION |
SUPPLEMENTAL FINANCIAL STATEMENTS INFORMATION Inventory consisted of the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | Raw materials | $ | 259,353 | | | $ | 106,510 | | | Work-in-process | 1,240,090 | | | 801,061 | | | Finished goods | 283,081 | | | 391,312 | | | Total inventory | $ | 1,782,524 | | | $ | 1,298,883 | |
Property, Plant and Equipment, Net consisted of the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | Property, plant and equipment, gross | $ | 2,101,032 | | | $ | 2,026,813 | | | Accumulated depreciation | (1,111,038) | | | (1,074,305) | | | Total property, plant and equipment, net | $ | 989,994 | | | $ | 952,508 | |
Depreciation expense, net of amounts capitalized into inventory, for the three and six months ended June 30, 2026 was $9.6 million and $18.4 million, respectively. Depreciation expense, net of amounts capitalized into inventory, for the three and six months ended June 30, 2025 was $10.6 million and $24.8 million, respectively. Intangible Assets, Net consisted of the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | Finite-lived intangible assets | $ | 5,173,642 | | | $ | 723,966 | | | Indefinite-lived intangible assets | 300,000 | | | — | | | Gross intangible assets: | 5,473,642 | | | 723,966 | | | Accumulated amortization | (594,275) | | | (510,129) | | | Net carrying value | $ | 4,879,367 | | | $ | 213,837 | |
Accounts Payable and Accrued Liabilities consisted of the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | Accounts payable and accrued operating expenses | $ | 406,977 | | | $ | 312,768 | | | Accrued rebates payable | 243,526 | | | 166,925 | | | Accrued compensation expense | 220,506 | | | 219,422 | | Accrued Interest | 47,129 | | | 907 | | | Foreign currency exchange forward contracts | 33,525 | | | 31,007 | | | Lease liability | 16,058 | | | 8,685 | | | Accrued royalties payable | 15,502 | | | 7,968 | | | Accrued income taxes | 9,137 | | | 3,667 | | | | | | | Other | 13,433 | | | 7,682 | | | Total accounts payable and accrued liabilities | $ | 1,005,793 | | | $ | 759,031 | |
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