v3.26.1
Note 7 - Accrued Expenses
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]

 

Note 7. Accrued Expenses

 

Accrued compensation and related costs consist of the following as of:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Salaries and wages payable

 

$

315,769

 

 

$

122,529

 

Employee benefits payable

 

 

28,315

 

 

 

43,608

 

Accrued paid time off (PTO)

 

 

315,007

 

 

 

295,293

 

 

 

 

 

 

 

 

 

 

Total accrued compensation and related costs

 

$

659,091

 

 

$

461,430

 

 

Salaries and Wages payable is up significantly from December due to the timing of payroll dates and the number of days accrued at the end of the second quarter versus the days accrued at the end of the year.

 

Accrued expenses and other current liabilities consisted of the following as of:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Manufacturer’s warranties

 

$

145,000

 

 

$

189,000

 

Taxes payable

 

 

988,967

 

 

 

788,116

 

Miscellaneous payable

 

 

167,090

 

 

 

219,449

 

 

 

 

 

 

 

 

 

 

Total accrued expenses and other current liabilities

 

$

1,301,057

 

 

$

1,196,565