Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net

v3.8.0.1
Inventories, Net
3 Months Ended
Mar. 31, 2018
Inventory Disclosure [Abstract]  
Inventories
Note 4 — Inventories, Net
  
Inventories are stated at the lower of cost and net realizable value and consisted of the following:
 
 
 
March 31,
2018
 
December 31,
2017
 
 
 
 
 
 
 
 
 
Purchased Parts and Components
 
$
2,078,104
 
$
1,669,209
 
Work in Process
 
 
7,179
 
 
25,090
 
Finished Goods
 
 
3,410,879
 
 
2,994,342
 
Less: Reserve for Obsolescence
 
 
(1,219,832)
 
 
(836,324)
 
Net
 
$
4,276,330
 
$
3,852,317