Inventory

3 Months Ended

Mar. 31, 2017

Notes

Inventory

5.  Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method.  A summary of inventories is as follows: 

	March 31, 2017	December 31, 2016
Raw material	$              1,930,432	$                1,675,143
Work-In-Process	2,007,716	1,684,321
Finished Goods	1,881,294	1,740,229
Inventory, Gross	5,819,442	5,099,693
Valuation reserves	(532,000)	(562,000)
Inventory, Net	$              5,287,442	$               4,537,693