Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net

v3.21.2
Inventories, Net
9 Months Ended
Sep. 30, 2021
Inventories, Net  
Inventories, Net

Note 4 – Inventories, Net

Inventories are stated at the lower of cost and net realizable value, and consisted of the following:

September 30, 

December 31, 

    

2021

    

2020

Purchased Parts and Components

$

8,785,171

$

5,252,709

Work-in-Process

 

203,103

 

1,381,677

Finished Goods

 

2,180,435

 

3,352,057

Less: Reserve for Obsolescence

 

(1,288,372)

 

(3,885,619)

Inventories, Net

$

9,880,337

$

6,100,824