Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.8.0.1
Inventories
3 Months Ended
Mar. 31, 2018
Inventory Disclosure [Abstract]  
Inventories

NOTE 4 – INVENTORIES

 

Inventories, net consist of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Raw materials

 

$

1,790,781

 

 

$

2,079,589

 

Sub-assemblies

 

 

1,891,462

 

 

 

2,417,095

 

 

 

 

3,682,243

 

 

 

4,496,684

 

Less:  reserves for obsolete and slow-moving

   inventories

 

 

(342,482

)

 

 

(800,354

)

 

 

$

3,339,761

 

 

$

3,696,330