Balance Sheets - USD ($)		Dec. 31, 2025	Dec. 31, 2024
ASSETS
Cash and cash equivalents		$ 3,806,831	$ 3,758,232
Trade accounts receivable		3,419,009	3,771,133
Inventory		9,267,369	7,112,623
Prepaid expenses and other current assets		451,673	400,762
Total current assets		16,944,882	15,042,750
Property, plant and equipment, net	[1]	21,074,694	25,349,019
Operating lease right-of-use asset		4,379,628	4,560,679
Goodwill		95,557	95,557
Intangible assets, net		0	19,104
Other assets		37,686	33,368
TOTAL ASSETS		42,532,447	45,100,477
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current portion of debt obligations		1,610,185	1,497,619
Current portion of operating lease liability	[2]	85,489	432,072
Accounts payable and accrued expenses		2,282,583	2,482,522
Total current liabilities		3,978,257	4,412,213
Debt obligations, net of current portion		7,488,922	9,040,975
Operating lease liability, net of current portion		4,009,788	4,129,102
Total long-term liabilities		11,498,710	13,170,077
TOTAL LIABILITIES		15,476,967	17,582,290
COMMITMENTS AND CONTINGENCIES (See Note 10)
STOCKHOLDERS’ EQUITY:
Common stock, $0.10 par value per share, with 15,000,000 shares authorized and 9,105,622 and 9,042,392 shares issued and 9,045,851 and 8,979,091 shares outstanding as of December 31, 2025 and 2024, respectively		910,563	904,240
Additional paid-in capital		41,479,430	40,916,155
Accumulated deficit		(15,203,753)	(14,163,726)
Treasury stock, at cost, 59,771 and 63,301 shares as of December 31, 2025 and 2024, respectively		(130,760)	(138,482)
Total stockholders’ equity		27,055,480	27,518,187
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$ 42,532,447	$ 45,100,477

[1] As of December 31, 2025, property, plant and equipment, net includes approximately $12,300,000 of idle assets, which primarily related to one of the Company's manufacturing facilities that was previously utilized for Re-Tain® that we now plan to refit for use in producing First Defense® products. We are monitoring these assets for impairment. No impairment was recognized on these assets during the years ended December 31, 2025 or 2024.

[2] During the year ended December 31, 2025, we made a balloon payment to our landlord in accordance with the terms of the lease agreement, resulting in the significant decrease in the current portion of our operating lease liability as of December 31, 2025.