Inventories

3 Months Ended

Mar. 31, 2026

Inventories are stated at the lower of cost or net realizable value. Cost is generally determined using standard cost, which approximates average cost. Costs include an application of related material, direct labor, duties, tariffs, freight and overhead costs. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. Reserves are made for excess and obsolete items based on a range of factors, including age, usage and technological or market changes that may impact demand for those products. Inventories consist of the following:


	March 31, 2026		December 31, 2025
Raw materials	$	63,126	$	28,868
Work-in-progress	20,041		18,853
Finished goods	321,043		228,892
	$	404,210	$	276,613