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NOTE 4 — Inventories
3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
NOTE 4 — 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 on March 31, 2022 and December 31, 2021 were as follows:

 

       
   March 31,  December 31,
   2022  2021
Raw materials and sub-assemblies  $5,774,323   $5,757,869 
Finished goods   320,193    277,598 
Inventory reserves   (880,943)   (880,943)
Inventory, net  $5,213,573  $5,154,524

 

 

 

 

 

SOCKET MOBILE, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(Unaudited)

March 31, 2022