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Inventories
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Inventories

5. Inventories —Inventory is stated at the lower of cost or net realizable value. Cost is determined by the average cost method, and includes material, labor, factory overhead and subcontracting services.

 

 

 

June 30,
2024

 

 

December 31, 2023

 

Finished products

 

$

206,405

 

 

$

198,935

 

Raw materials

 

 

38,530

 

 

 

20,616

 

Total inventories

 

$

244,935

 

 

$

219,551

 

 

Finished products consist of products that are sold to customers in their current form as well as intermediate products that require further formulation to be saleable to customers.