Quarterly report pursuant to Section 13 or 15(d)

Inventories

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Inventories
 9 Months Ended
Sep. 30, 2017
Inventory Disclosure [Abstract]  
Inventories

Note 7 - Inventories (restated)

 

Inventories consists of the following categories:

 

    September 30, 2017     December 31, 2016  
    (restated)        
Raw Materials   $ 473,443     $ 440,316  
Sub-Assemblies     909,998       907,989  
Finished Goods     807,973       749,488  
Reserve for Obsolescence     (43,407 )     (61,272 )
    $ 2,148,007     $ 2,036,521  

 

Obsolete inventory charged to cost of goods during the three and nine months ended September 30, 2017 totaled $2,664 and $3,158 and $24,965 and $27,933 was charged for the three and nine months ended September 30, 2016.