Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.10.0.1
Inventories
9 Months Ended
Sep. 30, 2018
Inventory Disclosure [Abstract]  
Inventories

NOTE 5 – INVENTORIES

 

Inventories, net consist of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Raw materials

 

$

1,999,553

 

 

$

2,079,589

 

Sub-assemblies

 

 

1,209,688

 

 

 

2,417,095

 

Work-in-Process

 

 

242,315

 

 

 

-

 

Finished Goods

 

 

90,949

 

 

 

-

 

 

 

 

3,542,505

 

 

 

4,496,684

 

Less:  reserves for obsolete and slow-moving

   inventories

 

 

(133,594

)

 

 

(800,354

)

 

 

$

3,408,911

 

 

$

3,696,330