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

Inventory, net

v3.25.4
Inventory, net
12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
Inventory, net
Note E – Inventory, net
The inventory balance was as follows:
December 31, 2025 December 31, 2024
Raw materials $ 32,634  $ 1,812 
Work in process 20,193  427 
Finished goods 3,020  — 
Inventory, net
$ 55,847  $ 2,239 
The Company records a reserve for slow-moving inventory as a charge against earnings for all products identified as surplus, slow-moving, or discontinued. The amounts presented above are shown net of inventory reserves of $2.4 million as of December 31, 2025. The Company had no inventory reserves as of December 31, 2024.