Note D - Inventories

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE D — INVENTORIES

Inventories consist of the following:	December 31, 2019		December 31, 2018
Dental finished goods, net	$	1,306,763	$	1,609,000
Medical finished goods, net		213,861		188,133
Component parts and other materials		99,885		123,918
Total inventories	$	1,620,509	$	1,921,051

At

December 31, 2019,

there is a reserve for slow moving medical finished goods of approximately 

$450,000

 and damaged slow moving dental finished goods of

$318,000.

 In

July 2019,

United System issued a credit to the Company for approximately

$151,000

for handpieces found to be defective. The Company recorded the credit in cost of sales because the Company previously recorded an allowance against the associated inventory during 

2018.

 At

December 31, 2018,

there was a reserve for slow moving medical finished goods of

$454,183

and damaged slow moving dental finished goods of

$309,196.

 The reserve for the medical finished goods was provided due to the delay in commercialization of the intra-articular medical instrument.