Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.3
Inventories
9 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
Inventories

NOTE 5 – INVENTORIES

Inventories, net consist of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Raw materials

 

$

2,779,299

 

 

$

2,248,520

 

Sub-assemblies

 

 

1,775,759

 

 

 

1,198,071

 

Work-in-process

 

 

504,908

 

 

 

311,072

 

Finished goods

 

 

3,630,949

 

 

 

3,466,419

 

 

 

 

8,690,915

 

 

 

7,224,082

 

Less:  reserves for obsolete and slow-moving inventories

 

 

(463,348

)

 

 

(400,152

)

 

 

$

8,227,567

 

 

$

6,823,930