v3.26.1
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
SCHEDULE OF SHIPPING AND HANDLING CHARGES

 

   2026   2025   2026   2025 
   Three months ended
June 30,		   Six months ended
June 30,		 
   2026   2025   2026   2025 
                 
Shipping income in product sales  $90,374   $134,164   $199,173   $210,230 
Shipping costs in cost of sales  $220,514   $210,839   $383,976   $369,607 
SCHEDULE OF REVENUE

Excluding research and development services revenue that is listed separately, total revenue for the Company’s primary customers that have over 10% of sales in each period is as follows:

 

   Three months ended
June 30,		   Six months ended
June 30,		 
   2026   2025   2026   2025 
                 
Revenue for primary customers with sales over 10% in each period              
Company A - SPCH (Note 12)  $1,254,011   $1,094,243   $2,149,964   $1,924,726 
Company B - SPCH  $-*   $2,072,180   $-*   $3,928,575 
Company C - SPCH  $822,480   $-*   $1,986,142   $1,819,093 
Company D - FGPI  $2,068,794   $-*   $4,648,303   $-* 
Total revenue for primary customers with sales over 10% in each period  $4,145,285   $

3,166,423

   $

8,784,409

   $

7,672,394

 
Total revenue for primary customers with sales over 10% in each period as a percentage of sales   54%   36%   55%   47%
Research and development services  $-   $2,500,000**  $-   $2,500,000**
Research and development services as a percentage of sales   -    22%   -    13%

 

*customer sales did not reach 10% in that period
**Research and development services sales are not included in product sales

 

Total accounts receivable for the Company’s product customers with balances over 10% of accounts receivable at June 30, 2026 and December 31, 2025 is as follows:

 

    June 30, 2026    December 31, 2025 
Accounts receivable of customers with balances over 10%   $ 1,623,723 (37 )%  $ 8,519,584 (67)%
Customers with balances over 10%   Customers C, D and E    Customers A and D