Inventories

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Inventories

NOTE 7 - INVENTORIES

Inventory, which primarily consists of finished goods and components used in the Company’s products, is stated at the lower of cost or net realizable value using the first-in first-out (FIFO) method. Inventory is shown net of valuation reserves of $266,000 and $119,000 at December 31, 2017 and 2018, respectively.

Inventories consist of the following:

	December 31,
	2017		2018
Components	$	1,083,000	$	2,218,000
Finished goods, net		3,503,000		2,431,000
	$	4,586,000	$	4,649,000