Note 3 - Inventories

The inventories as of September 30, 2026 and December 31, 2025 totaled $2,020,990 and $2,163,437, respectively, and consisted entirely of finished goods.

Inventories are stated at the lower of cost and net realizable value, with cost determined on a weighted-average basis. Write-down of potential obsolete or slow-moving inventories is recorded based on management’s assumptions about future demands and market conditions. For the nine months ended September 30, 2026 and 2025, the Company wrote-down $24,867 and $5,840 of slow-moving inventory, respectively; and $22,513 and $1,169 of slow-moving inventory for the three months ended September 30, 2026 and 2025, respectively. The inventory write-down is included in “Cost of Sales” in the consolidated statements of loss and comprehensive loss.