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Note 14 - Other Expenses, Net - Schedule of Other Income (Expenses), Net (Details) - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest expense(1) [1] $ (493,384) $ (568,725)
Loss on disposal of property, plant and equipment 106,350 15,391
Impairment charge related to property plant and equipment(2) [2] (2,667,100) 0
Interest income (158,709) (77,702)
Insurance recoveries(3) [3] (426,587) 0
Income - other (3,776) 0
Other expenses, net $ 2,677,762 $ 506,414
[1] Interest expense includes amortization of debt issuance and debt discount costs of $54,348 and $42,666 during the years ended December 31, 2025 and 2024, respectively.
[2] During the year ended December 31, 2025, the Company determined that certain machinery previously assigned to the Re-Tain® business no longer had a future use to the Company or any specific undiscounted cash flows other than estimated proceeds from the expected sale. As a result, the Company recognized an impairment charge on the machinery to write-down their cost to their estimated fair value.
[3] The income from insurance recoveries resulted from claim benefits paid to us under our business interruption policy related to inventory product losses occurring in previous periods.