XML 29 R21.htm IDEA: XBRL DOCUMENT
v3.23.3

Other (Income) Expenses, Net | 9 Months Ended
--- | ---
Sep. 30, 2023
Other (Income) Expenses, Net [Abstract] |
OTHER (INCOME) EXPENSES, NET | 15. OTHER (INCOME) EXPENSES, NET Other (income) expenses net, consisted of the following:
|  | During the Three-Month Periods Ended September 30, |  |  | During the Nine-Month Periods Ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Interest expense(1) |  | $ | 144,616 |  |  | $ | 89,430 |  |  | $ | 323,177 |  |  | $ | 254,884 |
(Gain) loss on disposal of property, plant and equipment |  |  | (68 | ) |  |  | — |  |  |  | 8,099 |  |  |  | (11,000 | )
Interest income |  |  | (23,696 | ) |  |  | (55,009 | ) |  |  | (79,134 | ) |  |  | (88,384 | )
Insurance recovery(2) |  |  | (365,127 | ) |  |  | — |  |  |  | (365,127 | ) |  |  | — |
Income-other |  |  | — |  |  |  | — |  |  |  | (107 | ) |  |  | (912 | )
Other (income) expenses, net |  | $ | (244,275 | ) |  | $ | 34,421 |  |  | $ | (113,092 | ) |  | $ | 154,588 |
| (1) | Interest expense includes amortization of debt issuance and debt discount costs of $8,687 and $1,919 during the three-month periods ended September 30, 2023 and 2022, respectively, and $12,525 and $5,739 during the nine-month periods ended September 30, 2023 and 2022, respectively.
| (2) | The insurance recovery income resulted from insurance benefit proceeds paid to us under our business interruption policy related to the product contamination losses and a recovery from a vendor’s policy related to an equipment malfunction.

X
- References No definition available. + Details
Name: | us-gaap_OtherExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration