Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.10.0.1
Inventories
6 Months Ended
Jun. 30, 2018
Inventory Disclosure [Abstract]  
Inventories

NOTE 4 – INVENTORIES

 

Inventories, net consist of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Raw materials

 

$

1,972,460

 

 

$

2,079,589

 

Sub-assemblies

 

 

1,546,982

 

 

 

2,417,095

 

 

 

 

3,519,442

 

 

 

4,496,684

 

Less:  reserves for obsolete and slow-moving

   inventories

 

 

(163,367

)

 

 

(800,354

)

 

 

$

3,356,075

 

 

$

3,696,330