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Inventories
9 Months Ended
Sep. 30, 2021
Inventories  
Note 5. Inventories

(5) Inventories

 

The inventory value at September 30, 2021 and December 31, 2020 were as follows:

 

 

 

 September 30,

 

 

 December 31,

 

 

 

 2021

 

 

 2020

 

 

 

 

 

 

 

 

Raw Materials

 

$615,618

 

 

$325,251

 

Work-in Progress

 

 

155,273

 

 

 

129,882

 

Finished Goods

 

 

244,895

 

 

 

128,479

 

Engineering Models

 

 

3,726

 

 

 

3,726

 

 

 

 

 

 

 

 

 

 

Subtotal 

 

$1,019,512

 

 

$587,338

 

Less: Reserve for

 

 

 

 

 

 

 

 

Obsolescence

 

 

(71,000)

 

 

(70,000)

 

 

 

 

 

 

 

 

 

Total

 

$948,512

 

 

$517,338