Note 4 - Inventory

12 Months Ended

Dec. 31, 2020

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, 2020		December 31, 2019
Raw materials and component parts	$	3,897,133	$	2,945,427
Work-in-process		3,449,252		2,800,699
Finished products		3,999,920		2,183,170
Total Inventory		11,346,305		7,929,296
Less: Inventory reserves		315,345		250,606
Net Inventory	$	11,030,960	$	7,678,690