INVENTORY

9 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

INVENTORY

6. INVENTORY

Inventories are stated at standard cost adjusted to approximate the lower of cost (first-in, first-out method) or net realizable value and consist of the following at September 30, 2023 and December 31, 2022:

	September 30, 2023		December 31, 2022
Raw materials	$	5,522,913	$	4,285,757
Work-in-process		2,527,748		1,735,454
Finished goods		1,023,831		405,189
Total	$	9,074,492	$	6,426,400