Note 4 - Inventory

9 Months Ended

Sep. 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:

	September 30,		December 31,
	2022		2021
Raw materials and component parts	$	3,478,146	$	3,904,865
Work-in-process		1,877,664		3,949,647
Finished products		16,724,566		9,183,532
Total inventory	$	22,080,376	$	17,038,044
Less: inventory reserves		559,313		452,607
Net inventory	$	21,521,062	$	16,585,437