Note 4 - Inventory

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

4.

    INVENTORY

Inventory is valued at the lower of cost (

first

-in,

first

-out) or net realizable value and consist of the following:

	December 31, 2019		December 31, 2018
Raw materials and component parts	$	2,945,427	$	2,313,664
Work-in-process		2,800,699		1,209,117
Finished products		2,183,170		2,201,693
Total Inventory		7,929,296		5,724,474
Less: Inventory reserves		250,606		226,492
Net Inventory	$	7,678,690	$	5,497,982