Note 4 - Inventory

3 Months Ended

Mar. 31, 2024

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:

	March 31,		December 31,
	2024		2023
Raw materials and component parts	$	3,720,613	$	3,989,444
Work-in-process		5,199,148		4,514,263
Finished products		11,223,973		9,846,694
Total inventory	$	20,143,734	$	18,350,401
Less: inventory reserves		1,020,677		677,779
Net inventory	$	19,123,057	$	17,672,622