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Inventories
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventories

 

 

NOTE 5 – INVENTORIES

Inventories, net consist of the following on December 31:

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Raw materials

 

$

5,603,868

 

 

$

5,210,327

 

Sub-assemblies

 

 

495,320

 

 

 

255,699

 

Work-in-process

 

 

518,838

 

 

 

407,328

 

Finished goods

 

 

6,228,892

 

 

 

4,424,603

 

 

 

 

12,846,918

 

 

 

10,297,957

 

Less:  reserves for obsolete and slow-moving inventories

 

 

(569,045

)

 

 

(650,453

)

 

 

$

12,277,873

 

 

$

9,647,504