Note 2. Inventories

Inventories consist of the following as of June 30:

		2023			2022
Raw materials	$	4,693,634		$	6,536,951
Work in process		66,359			313,549
Finished goods		3,139,131			5,599,997
Inventory reserve		(495,930	)		(379,205	)
	$	7,403,194		$	12,071,292

Included in cost of goods sold for the years ended June 30, 2023 and 2022, are inventory write-offs of approximately $254,000 and $155,000, respectively. The write-offs reflect inventories related to discontinued product lines, excess repair parts, product rejected for quality standards, and other non-performing inventories.