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Accrued Expenses

9 Months Ended

Sep. 30, 2025

Accrued Expenses

Accrued Expenses

Note 9 – Accrued Expenses

Accrued expenses consisted of the following:

​

​	​	​	​	​	​	​
​	​	September 30,		​	December 31,
​		2025			2024
​	​	​	​	​	​	​
Accrued Wages and Related Costs	​	$	298,757	​	$	417,266
Accrued Professional Services	​		176,387	​		240,000
Accrued Warranty Obligations	​		46,260	​		46,078
Other Accrued Expenses	​		1,708,438	​		242,408
​	​	​	​	​	​	​
Total	​	$	2,229,842	​	$	945,752

​

As of September 30, 2025, Other Accrued Expenses include $1,654,536 of new product development costs and tooling that have been expensed or capitalized, a portion of which will be amortized over future production of a specified number of units when the project is completed. This amortization is expected to commence late in the fourth quarter of 2025.

The Company has warranty obligations in connection with the sale of certain of its products. The warranty period for its products is generally twelve (12) months, unless the customer purchases an extended warranty for an additional twelve (12) months. The costs incurred to provide for these warranty obligations are estimated and recorded as an accrued liability at the time of sale. The Company estimates its future warranty costs based upon product-based historical performance rates and related costs to repair.

The changes in the Company’s accrued warranty obligations for the nine months ended September 30, 2025, were as follows:

​

​	​	​	​
Accrued Warranty Obligations at December 31, 2024	​	$	46,078
Reductions for Settling Warranties	​		(97,788)
Warranties Issued During Period	​		97,970
​	​	​	​
Accrued Warranty Obligations at September 30, 2025	​	$	46,260

​

X

- Definition

The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483384/720-30-45-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(19)(a))
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- References

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