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INVENTORIES | 12 Months Ended
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Dec. 31, 2025
INVENTORIES |
INVENTORIES | NOTE 3. INVENTORIES Inventories consist of the following:
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
Finished goods |  | $ | 2,672,800 |  |  | $ | 3,800,385 |
Raw materials |  |  | 753,627 |  |  |  | 877,817 |
Inventory reserve |  |  | (500,000 | ) |  |  | (1,100,000 | )
Total |  | $ | 2,926,427 |  |  | $ | 3,578,202 |
The movements of inventory reserve were as follows:
|  | For the years ended December 31, |
|  | 2025 |  |  | 2024 |
Beginning reserve |  | $ | 1,100,000 |  |  | $ | 95,000 |
Additions (provisions) |  |  | - |  |  |  | 1,005,000 |
Write-off/disposals |  |  | (600,000 | ) |  |  | - |
Ending reserve |  | $ | 500,000 |  |  | $ | 1,100,000 |
During the year ended December 31, 2025, the inventory reserve decreased by $600,000 from $1.1 million to $500,000, reflecting the write-off and disposal of $600,000 of inventory items identified as no longer serviceable or saleable, including certain surface unit equipment retired from active inventory and repurposed for internal parts and repairs, as well as other slow-moving and excess inventory items identified during the year. The remaining reserve of $500,000 represents management's estimate of inventory that may not be fully realizable.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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