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Note 4 - Inventories

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventories

NOTE 4 — 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 March 31, 2021 and December 31, 2020 were as follows:

		March 31,				December 31,
		2021				2020
Raw materials and sub-assemblies		$	4,087,028			$	3,642,377
Finished goods			393,831				281,104
Inventory reserves			(755,943	)			(727,639	)
Inventory, net		$	3,724,916			$	3,195,842

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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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