PROPERTY, EQUIPMENT AND LEASEHOLDS

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY, EQUIPMENT AND LEASEHOLDS

6. PROPERTY, EQUIPMENT AND LEASEHOLDS

	2025		Accumulated		2025
	Cost		Depreciation		Net
Buildings and improvements	$	10,345,212	$	4,904,582	$	5,440,630
Automobiles		190,933		108,304		82,629
Office equipment		133,990		121,386		12,604
Manufacturing equipment		18,378,471		8,071,269		10,307,202
Land		299,027		—		299,027
Technology		99,671		99,671		—
	$	29,447,304	$	13,305,212	$	16,142,092

	2024		Accumulated		2024
	Cost		Depreciation		Net
Buildings and improvements	$	12,795,750	$	4,521,212	$	8,274,538
Automobiles		196,255		168,807		27,448
Office equipment		124,526		117,011		7,515
Manufacturing equipment		15,318,758		6,922,667		8,396,091
Land		440,592		—		440,592
Technology		94,945		94,945		—
	$	28,970,826	$	11,824,642	$	17,146,184

Amount of depreciation expense for 2025 was: $1,805,688 (2024 - $1,797,476) and is included in cost of sales in the consolidated statements of income and comprehensive income.

In October 2025, the Company completed a sale of its land and building owned by its subsidiary 317 Mendota for gross proceeds of $3,750,000. In connection with the sale, the Company paid off the $2,184,591 debt obligation with Stock Yards Bank. This transaction resulted in a gain of $1,209,939, which is recognized within operating income in the consolidated statement of income and comprehensive income. Subsequent to the sale, the Company entered into an operating lease agreement with the purchaser (See Note 3).

In late 2025, management committed to a plan to sell the 14,000 sq. ft. former manufacturing facility located in Mendota, IL. As of December 31, 2025, the carrying value of the property has been reclassified to Property Held for Sale on the consolidated balance sheet at its estimated net realizable value of $425,000. In connection with this reclassification, the Company recognized a loss of $183,423, representing the write-down of the property’s carrying amount to its estimated net proceeds from the anticipated sale.