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Note 2 - Inventories
3 Months Ended
Mar. 31, 2017
Notes  
Note 2 - Inventories

NOTE 2 - INVENTORIES

 

Inventories are stated at lower of direct cost or market with cost determined using the FIFO (first in, first out) method.  Inventories consist of the following:

 

 

 

March 31

2017

December 31

2016

Parts

$       127,039

$       185,911

Work in progress

168,743

216,859

Finished goods

299,153

300,377

Total inventory

$       594,935

703,147