Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.21.1
Inventories
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Inventories

NOTE 4 – INVENTORIES

Inventories, net consist of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Raw materials

 

$

4,014,408

 

 

$

5,210,327

 

Sub-assemblies

 

 

208,453

 

 

 

255,699

 

Work-in-process

 

 

768,473

 

 

 

407,328

 

Finished goods

 

 

5,218,864

 

 

 

4,424,603

 

 

 

 

10,210,198

 

 

 

10,297,957

 

Less:  reserves for obsolete and slow-moving inventories

 

 

(661,238

)

 

 

(650,453

)

 

 

$

9,548,960

 

 

$

9,647,504