Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net (Tables)

v3.20.1
Inventories, Net (Tables)
3 Months Ended
Mar. 31, 2020
Inventories, Net  
Schedule of Inventories

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

 

 

 

 

 

 

 

 

 

    

March 31, 

    

December 31, 

 

 

2020

 

2019

 

 

 

 

 

 

 

Purchased Parts and Components

 

$

5,524,161

 

$

5,985,214

Work in Process

 

 

2,231,136

 

 

2,414,142

Finished Goods

 

 

2,500,949

 

 

2,096,744

Less: Reserve for Obsolescence

 

 

(4,587,870)

 

 

(4,788,233)

Net

 

$

5,668,376

 

$

5,707,867