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Note 3 - Inventories

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventories

NOTE 3 — Inventories

Inventories consist principally of raw materials and sub-assemblies, which are stated at the lower of cost (first-in, first-out) or market. Inventories at June 30, 2020 and December 31, 2019 were as follows:

		June 30,				December 31,
		2020				2019
Raw materials and sub-assemblies		$	3,545,065			$	3,767,588
Finished goods			356,283				241,681
Inventory reserves			(647,639	)			(830,361	)
Inventory, net		$	3,253,709			$	3,178,908

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- References

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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