Note 7 – Accrued Expenses

Accrued expenses at September 30, 2026, and December 31, 2025, consisted of the following:

 Schedule of Accrued Expenses

The Company provides postretirement benefits pursuant to IRS code section 401(k) for employees meeting specified criteria. The Company matches 100% of the employees’ contributions that are not in excess of 2% of the employee’s contributions. These matching contributions are fully vested and paid pursuant to the employees’ bi-weekly or semi-monthly pay periods. The Company does not prefund these benefits and has the right to modify or terminate certain of these benefits in the future. For the nine months ended September 30, 2026, the Company incurred $27,108 of IRA contribution expenses pursuant to the Company’s matching contributions, including $0, as accrued at September 30, 2026. For the nine months ended September 30, 2025, the Company incurred $46,899 of IRA contribution expenses pursuant to the Company’s matching contributions.