Note 4 - Inventory

6 Months Ended

Jun. 30, 2022

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 consists of:

	June 30, 2022		December 31, 2021
Raw materials and component parts	$	3,762,339	$	3,904,865
Work-in-process		4,434,122		3,949,647
Finished products		13,181,987		9,183,532
Total inventory	$	21,378,448	$	17,038,044
Less: inventory reserves		559,313		452,607
Net inventory	$	20,819,135	$	16,585,437