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INVENTORIES
3 Months Ended
Mar. 31, 2021
INVENTORIES [Abstract]  
INVENTORIES
NOTE 5 – INVENTORIES
 
At March 31, 2021 and December 31, 2020 inventory consisted of the following:
 
 
 
March 31,
2021
   
December 31,
2020
 
Raw materials
 
$
34,631
   
$
32,391
 
Work in process
   
21,461
     
23,871
 
Finished goods
   
47,134
     
32,377
 
Total inventory
 
$
103,226
   
$
88,639
 
 
At March 31, 2021 and December 31, 2020, the Company held an inventory reserve of $1,124 and $1,140, respectively. System shipments of first-tools to an existing or prospective customer, for which ownership does not transfer until customer acceptance, are classified as finished goods inventory and carried at cost until ownership is transferred.