Annual report [Section 13 and 15(d), not S-K Item 405]

Inventory

v3.26.1
Inventory
12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Inventory Inventory, net
Inventory at December 31, 2025 and 2024 consisted of the following.
  2025 2024
Raw materials, net of reserve $9,361,583 $8,525,879
Work-in-process 1,410,757  930,769 
Finished goods 177,357  177,357 
$ 10,949,697  $ 9,634,005 
Raw materials, work in process, and finished goods inventories are stated at the lower of cost, as determined by the average cost method, or net realizable value. We periodically review inventory quantities on hand for excess and/or obsolete inventory based primarily on historical usage, as well as based on estimated forecast of product demand. For the years ended December 31, 2025 and 2024, we recorded inventory reserves of $110,488 and $70,530, respectively, to cost of sales based on this review.