v3.26.1
Note 14 - Other (Expenses) Income, Net
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Other Nonoperating Income and Expense [Text Block]

14. OTHER (EXPENSES) INCOME, NET

 

Other (expenses) income, net consisted of the following:

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Interest expense(1)

 $(95,667) $(124,795) $(195,342) $(252,723)

Interest income

  65,343   48,113   109,710   85,582 

Other (expenses) income, net

  (24,004)  3,776   11,853   3,776 

Gain on disposal of property, plant and equipment

     7,128   4,264   2,263 

Insurance recoveries(2)

           426,587 

Total

 $(54,328) $(65,778) $(69,515) $265,485 

  

(1)

Interest expense includes amortization of debt issuance and debt discount costs of $3,157 and $10,806 during the three months ended June 30, 2026 and 2025, and $6,315 and $21,612 during the six months ended June 30, 2026 and 2025, respectively.

(2)

The income from insurance recoveries resulted from claim benefits paid to us during the first quarter of 2025 under our business interruption policy related to product contamination losses incurred during late 2022 and through early 2024. This recovery does not include the $250,000 received on this claim during the third quarter of 2023.