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Accrued Expenses

12 Months Ended

Dec. 31, 2025

Accrued Expenses

Accrued Expenses

Note 9 — Accrued Expenses

Accrued expenses consisted of the following:

​

​	​	​	​	​	​	​
​	​	December 31,		​	December 31,
​	​ ​ ​	2025		​ ​ ​	2024
​	​	​	​	​	​	​
Accrued Product Development and Tooling Costs	​	$	2,416,910	​	$	—
Accrued Wages and Related Costs	​		756,933	​		417,266
Accrued Professional Services	​		213,712	​		240,000
Accrued Warranty Obligations	​		55,637	​		46,078
Other Accrued Expenses	​		147,215	​		242,408
​	​	​	​	​	​	​
Total	​	$	3,590,407	​	$	945,752

​

The Product Development and Tooling Costs of $2,416,910 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 and commercially released. The Company expects amortization to commence in the first quarter of 2026.

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 years ended December 31, 2025, 2024, and 2023 were as follows:

​

​	​	​	​
Accrued Warranty Obligations at December 31, 2022	​ ​ ​	$	159,927
Reductions for Settling Warranties	​		(286,851)
Warranties Issued During Year	​		315,173
Accrued Warranty Obligations at December 31, 2023	​	$	188,249
Reductions for Settling Warranties	​		(276,787)
Warranties Issued During Year	​		134,616
Accrued Warranty Obligations at December 31, 2024	​	$	46,078
Reductions for Settling Warranties	​		(130,740)
Warranties Issued During Year	​		140,299
​	​	​	​
Accrued Warranty Obligations at December 31, 2025	​	$	55,637

​

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
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-SubTopic 10
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 720
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147483384/720-30-45-1

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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