Note 4 - Inventory

9 Months Ended

Sep. 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:

	September 30,		December 31,
	2023		2022
Raw materials and component parts	$	4,394,288	$	2,892,820
Work-in-process		4,886,432		5,158,252
Finished products		11,985,900		13,483,017
Total inventory	$	21,266,620	$	21,534,089
Less: inventory reserves		616,847		1,357,947
Net inventory	$	20,649,773	$	20,176,142