Note 2. Inventories

Inventories consist of the following as of June 30:

		2024			2023
Raw materials	$	3,596,287		$	4,693,634
Work in process		315,075			66,359
Finished goods		2,272,295			3,139,131
Inventory reserve		(589,683	)		(495,930	)
	$	5,593,974		$	7,403,194

Included in cost of goods sold for the years ended June 30, 2024 and 2023, are inventory write-offs of approximately $158,000 and $254,000, respectively. The write-offs reflect inventories related to discontinued product lines, excess repair parts, product rejected for quality standards, and other non-performing inventories.