Inventories

3 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

Inventories

Note 3. Inventories

Inventories are stated at the lower of cost determined on the first-in, first-out method or net realizable value. Net realizable value is determined as the estimated selling price in the normal course of business, minus the cost of completion, disposal and transportation.

Inventories net of the reserve for obsolescence consisted of the following:

	December 31, 2017		September 30, 2017
Raw materials and stock parts	$	311,340	$	337,462
Work-in-process		22,998		21,861
Finished goods		89,640		98,835
	$	423,978	$	458,158

The Company’s reserve for obsolescence equaled $445,158 at December 31, 2017 and September 30, 2017. The Company provides for a valuation reserve for certain inventory that is deemed to be obsolete, of excess quantity or otherwise impaired.