Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net

v3.20.2
Inventories, Net
6 Months Ended
Jun. 30, 2020
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:

June 30, 

December 31, 

    

2020

    

2019

Purchased Parts and Components

$

5,351,135

$

5,985,214

Work-in-Process

 

2,072,466

 

2,414,142

Finished Goods

 

2,734,039

 

2,096,744

Less: Reserve for Obsolescence

 

(3,901,307)

 

(4,788,233)

Inventories, Net

$

6,256,333

$

5,707,867