v3.26.1
Note 14 - Other (Expenses) Income, Net - Schedule of Other Income (Expenses), Net (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest expense(1) [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 0 7,128 4,264 2,263
Insurance recoveries(2) [2] 0 0 0 426,587
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.