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Other Assets and Other Receivable | 12 Months Ended
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Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets and Other Receivable | Note 8 – Other Assets and Other Receivable Other Assets The Company has other assets of $1,267,000 as of the years ended December 31, 2025, and 2024, consisting of the first mortgage position (the “FPM”) on the manufacturing facility it leases in Pisco, Peru, which the Company acquired to protect its long-term strategic interests (see Note 11). During 2024, the landlord of the leased facility entered bankruptcy proceedings. On May 10, 2024, the Company made the first payment of $275,000 toward the FPM. The FPM is secured by the facility in Peru. Payments were made in various installments totaling $355,000 as of December 31, 2024, and $912,000 during the year ended December 31, 2025. Other Receivable The Company’s Peruvian operations are subject to an 18% value-added tax (“VAT”) or (“Impuesto General a las Ventas” or “IGV”) on substantially all purchases and exports of goods and services. IGV paid on purchases can be offset against IGV collected on exports, with the net amount either remitted to, or recovered from, the Peruvian tax authority (SUNAT) through a refund claim. IGV does not represent an expense of the Company when recoverable and is recorded as an asset until applied or refunded. The receivable is recoverable from the Peruvian tax authority as a result of the Company’s export activities. Management evaluates the recoverability of the VAT receivable based on historical refund experience and believes the balance is fully recoverable. As of December 31, 2025, the Company’s Peruvian operations had paid more IGV on purchases than it had collected on sales, resulting in a net IGV receivable of $1,114,758, of which $679,626 is classified in Other Current Assets (see Note 6). During the year ended December 31, 2025, the Company received payments from SUNAT, in the amount of $541,573.

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