Inventories, Net

9 Months Ended

Sep. 30, 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:

	September 30,		December 31,
	2022		2021
Purchased Parts and Components	$	10,811,529	$	11,580,766
Work-in-Process		320,152		226,126
Finished Goods		2,249,105		1,472,534
Less: Reserve for Obsolescence		(1,151,314)		(1,127,444)
Inventories, Net	$	12,229,472	$	12,151,982