Inventories, Net

3 Months Ended

Mar. 31, 2022

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:

	March 31,		December 31,
	2022		2021
Purchased Parts and Components	$	11,461,309	$	11,580,766
Work-in-Process		265,757		226,126
Finished Goods		1,959,141		1,472,534
Less: Reserve for Obsolescence		(1,127,141)		(1,127,444)
Inventories, Net	$	12,559,066	$	12,151,982