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INVENTORY
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 3 - INVENTORY

 

A summary of the Company’s inventory is as follows:

          
  

June 30,

2026

   December 31,
2025		 
Finished goods, net of impairment provision from prior periods  $946,045   $827,537 
Work in process, net of impairment provision from prior periods   1,049,967    774,265 
Less: impairment of finished goods inventory included in cost of goods sold   (159,038)   – 
Less: impairment of work in process inventory included in cost of goods sold   (530,672)   (486,480)
Inventory  $1,306,302   $1,115,322 

 

The Company evaluates its inventory, including work in progress, at each reporting period to ensure it is stated at the lower of cost or net realizable value (“NRV”). NRV is defined as the estimated selling price in the ordinary course of business less reasonably predictable costs of completion, disposal, and transportation.

 

If the estimated NRV of inventory is less than its recorded cost, the Company records a write-down to reflect the inventory at NRV. Such write-downs are recognized in cost of goods sold in the period identified.