XML 16 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Income and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Total Sales $ 38,515,058 $ 38,234,860
Cost of sales 25,975,730 24,994,961
Gross profit 12,539,328 13,239,899
Operating expenses    
Gain on sale of property (Note 6) (1,209,939)
Loss on write-down of property held for sale (Note 6) 183,423
Professional fees 866,477 798,387
Research and development 615,292 329,952
Selling, general, and administrative 3,642,608 2,852,929
Wages, administrative salaries and benefits 3,840,413 3,743,225
Total operating expenses 7,938,274 7,724,493
Operating income 4,601,054 5,515,406
Non-operating income (expense)    
Income from investments (Note 9) 129,943 245,631
Impairment of investment (1,000,000)
Loss on sale of investment (Note 9) (353,076)
Loss on lease termination (41,350)
Interest expense (613,852) (610,265)
Interest income 150,233 196,454
Total non-operating expense (1,333,676) (562,606)
Income before income tax 3,267,378 4,952,800
Income taxes (Note 12)    
Deferred income tax expense (155,399) (146,767)
Current income tax expense (744,184) (704,444)
Net income 2,367,795 4,101,589
Net income attributable to non-controlling interests (1,580,901) (1,063,060)
Net income attributable to controlling interest $ 786,894 $ 3,038,529
Income per share (basic) (Note 13) $ 0.06 $ 0.24
Income per share (diluted) (Note 13) $ 0.06 $ 0.24
Weighted average number of common shares (basic) 12,648,728 12,454,957
Weighted average number of common shares (diluted) 13,594,610 12,680,668
Other comprehensive income:    
Net income $ 2,367,795 $ 4,101,589
Unrealized gain on foreign currency translations 259,099 188,160
Total comprehensive income 2,626,894 4,289,749
Comprehensive income – non-controlling interest (1,580,901) (1,063,060)
Comprehensive income attributable to controlling interest 1,045,993 3,226,689
Product [Member]    
Total Sales 36,015,058 38,234,860
Research and Development Services [Member]    
Total Sales $ 2,500,000