XML 82 R71.htm IDEA: XBRL DOCUMENT v3.24.3
Other Expenses, Net (Details) - Schedule of Other Expenses Net - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Schedule of Other Expenses Net [Abstract]        
Interest expense [1] $ 144,141 $ 144,616 $ 432,529 $ 323,177
Loss (gain) on disposal of property, plant and equipment (68) 14,557 8,099
Interest income (18,685) (23,696) (41,476) (79,134)
Insurance recoveries [2] (365,127) (365,127)
Income - other (107)
Other expenses (income), net $ 125,456 $ (244,275) $ 405,610 $ (113,092)
[1] Interest expense includes amortization of debt issuance and debt discount costs of $10,805 and $8,687 during the three-month periods ended September 30, 2024 or 2023, respectively, and $31,859 and $12,525 during the nine-month periods ended September 30, 2024 and 2023, respectively.
[2] The income from insurance recoveries resulted from claim benefits paid to us under our business interruption policy related to product contamination losses and a recovery from a vendor’s policy related to an equipment malfunction.