Annual report [Section 13 and 15(d), not S-K Item 405]

Inventory

v3.25.1
Inventory
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventory

Note 5. Inventory

 

As of December 31, 2024 and 2023, inventory is as follows:

 

    December 31,
2024
    December 31,
2023
 
Work in Process   $ 255,716     $ 858,642  

 

Work in Process consists of components and related labor and other costs incurred on applicable contracts based on estimated total costs to complete. Related labor and other non-component costs for longer term contracts subject to contractual invoicing arrangement are reflected in contracts receivable. For comparison purposes 2023 was adjusted to reflect labor and other related costs for longer term contracts subject to contractual invoicing arrangements previously reflected in Work in Process to be reflected in contracts receivable.