Note 5 - Property, Plant and Equipment, Net |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Property, Plant, and Equipment [Text Block] |
5. PROPERTY, PLANT AND EQUIPMENT, NET
As of June 30, 2026 and December 31, 2025, property, plant and equipment, net includes approximately $12,000,000 and $12,300,000, respectively, of idle assets, which primarily relate to one of our manufacturing facilities that was previously utilized for Re-Tain® that we now plan to refit for use in producing First Defense® products. In connection with the idle status of the assets, during December 2025, we reassessed the useful lives of the manufacturing equipment, with impacts effective January 1, 2026. See Note 1, “Basis of Presentation and Significant Accounting Policies” for further information. We are monitoring these assets for impairment. No impairment expense was recognized during the three or six months ended June 30, 2026 and 2025.
Depreciation expense was $470,621 and $663,455 during the three months ended June 30, 2026 and 2025, respectively, and $998,915 and $1,334,646 during the six months ended June 30, 2026 and 2025, respectively. |