Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net (Tables)

v3.7.0.1
Inventories, Net (Tables)
6 Months Ended
Jun. 30, 2017
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories are stated at the lower of cost and net realizable value and consisted of the following:
 
 
 
June 30, 2017
 
December 31, 2016
 
 
 
 
 
 
 
 
 
Purchased Parts and Components
 
$
2,226,656
 
$
1,990,026
 
Work in Process
 
 
302,387
 
 
454,120
 
Finished Goods
 
 
1,584,343
 
 
831,069
 
Less: Reserve for Obsolescence
 
 
(706,245)
 
 
(623,997)
 
Net
 
$
3,407,141
 
$
2,651,218