Note 11 - Inventories

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Inventory Disclosure [Text Block]

11. Inventories

	June 30,		December 31,
	2025		2024
	(unaudited)		(audited)
Inventories consist of the following:
Raw materials	$	384,387	$	448,113
Work in process		18,286		58,699
Finished products		1,129,144		945,183
Total inventories	$	1,531,817	$	1,451,995

Inventories are valued at the lower of cost and net realizable value. Net realizable value is equal to the selling price less the estimated costs of selling and/or disposing of the product. Cost is determined using the average cost method, which approximates cost determined by the first-in, first-out (“FIFO”) method. Finished product inventories at June 30, 2025 and December 31, 2024 are stated net of a reserve of $30,006 and $32,792, respectively, for slow moving and obsolete inventory.