Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net (Tables)

v3.19.1
Inventories, Net (Tables)
3 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories are stated at the lower of cost and net realizable value and consisted of the following:
 
 
 
March 31,
 
 
December 31,
 
 
 
2019
 
 
2018
 
 
 
 
 
 
 
 
Purchased Parts and Components
 
$
3,206,094
 
 
$
3,284,848
 
Work in Process
 
 
631,840
 
 
 
1,523,616
 
Finished Goods
 
 
4,783,213
 
 
 
2,837,183
 
Less: Reserve for Obsolescence
 
 
(510,921
)
 
 
(363,845
)
Net
 
$
8,110,226
 
 
$
7,281,802