Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.20.1
Inventories
3 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
Inventories

NOTE 5 – INVENTORIES

Inventories, net consist of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Raw materials

 

$

3,820,575

 

 

$

2,478,882

 

Sub-assemblies

 

 

1,277,061

 

 

 

1,857,004

 

Work-in-process

 

 

1,024,973

 

 

 

493,276

 

Finished goods

 

 

3,490,385

 

 

 

3,087,529

 

 

 

 

9,612,994

 

 

 

7,916,691

 

Less:  reserves for obsolete and slow-moving inventories

 

 

(628,117

)

 

 

(547,335

)

 

 

$

8,984,877

 

 

$

7,369,356