Note 4 - Inventory

6 Months Ended

Jun. 30, 2023

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,		December 31,
	2023		2022
Raw materials and component parts	$	4,207,457	$	2,892,820
Work-in-process		5,697,360		5,158,252
Finished products		11,712,743		13,483,017
Total inventory	$	21,617,560	$	21,534,089
Less: inventory reserves		601,847		1,357,947
Net inventory	$	21,015,713	$	20,176,142