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Inventories, Net (Tables)
 9 Months Ended
Sep. 30, 2019
Inventories, Net  
Schedule of Inventories

Inventories are stated at the lower of cost and net realizable value and consisted of the following:

 

 

 

 

 

 

 

 

 

    

September 30, 

    

December 31, 

 

 

2019

 

2018

 

 

 

 

 

 

 

Purchased Parts and Components

 

$

4,878,888

 

$

3,284,848

Work in Process

 

 

1,787,302

 

 

1,523,616

Finished Goods

 

 

2,690,145

 

 

2,837,183

Less: Reserve for Obsolescence

 

 

(547,597)

 

 

(363,845)

Net

 

$

8,808,738

 

$

7,281,802