Other Expenses, Net

12 Months Ended

Dec. 31, 2024

Other Expenses, Net [Abstract]

OTHER EXPENSES, NET

14. OTHER EXPENSES, NET

Other expenses net, consisted of the following:

	During the Years Ended December 31,
	2024			2023
Interest expense(1)	$	568,725		$	475,598
Loss on disposal of property, plant and equipment		15,391			8,099
Interest income		(77,702	)		(96,570	)
Insurance recoveries(2)		—			(365,127	)
Income - other		—			(107	)
Other expenses (income), net	$	506,414		$	21,893

⁽¹⁾ Interest expense includes amortization of debt issuance and debt discount costs of $42,666 and $22,619 during the years ended December 31, 2024 and 2023, respectively.

⁽²⁾ The income from insurance recoveries resulted from claim benefits paid to us under our business interruption policy related to product contamination losses (in the amount of $250,000) and a recovery from a vendor’s policy related to an equipment malfunction (in the amount of $115,127).