Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.7.0.1
INVENTORY
3 Months Ended
Mar. 31, 2017
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 3. INVENTORY

Inventory consisted of the following at March 31, 2017 and December 31, 2016:

 

 

 

2017

 

 

2016

 

Raw materials and component parts

 

$

209,051

 

 

$

171,478

 

Finished goods

 

 

143,346

 

 

 

128,956

 

Work-in-process

 

 

138,593

 

 

 

151,671

 

     Inventory, gross

 

 

490,990

 

 

 

452,105

 

Less: inventory reserve

 

 

(25,000

)

 

 

(25,000

)

     Inventory, net

 

$

465,990

 

 

$

427,105