Note 4 - Inventory

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
	2024		2023
Raw materials and component parts	$	4,017,732	$	3,989,444
Work-in-process		5,658,284		4,514,263
Finished products		10,724,292		9,846,694
Total inventory	$	20,400,308	$	18,350,401
Less: inventory reserves		1,051,182		677,779
Net inventory	$	19,349,126	$	17,672,622