Note 4 - Inventory

12 Months Ended

Dec. 31, 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 the following:

	December 31,		December 31,
	2023		2022
Raw materials and component parts	$	3,989,444	$	2,892,820
Work-in-process		4,514,263		5,158,252
Finished products		9,846,694		13,483,017
Total inventory	$	18,350,401	$	21,534,089
Less: inventory reserves		677,779		1,357,947
Net inventory	$	17,672,622	$	20,176,142