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Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

NOTE 4. INVENTORIES

Inventories consisted of the following at December 31, 2019 and 2018:

		December 31, 2019				December 31, 2018
Raw material and component parts		$	4,481,611			$	4,969,786
Work-in-process			35,858				351,451
Finished goods			4,906,956				4,965,594
Subtotal			9,424,425				10,286,831
Reserve for excess and obsolete inventory			(4,144,013	)			(3,287,771	)
Total inventories		$	5,280,412			$	6,999,060

Finished goods inventory includes units held by potential customers and sales agents for test and evaluation purposes. The cost of such units totaled $80,711 and $115,456 as of December 31, 2019 and 2018, respectively.

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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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