Quarterly report pursuant to Section 13 or 15(d)

Inventories

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Inventories
 6 Months Ended
Jun. 30, 2017
Inventory Disclosure [Abstract]  
Inventories

Note 7 – Inventories (restated)

 

Inventories consists of the following categories:

 

    June 30, 2017     December 31, 2016  
    (restated)        
Raw Materials   $ 487,209     $ 440,316  
Sub-Assemblies     974,547       907,989  
Finished Goods     810,381       749,488  
Reserve for Obsolescence     (43,298 )     (61,272 )
    $ 2,229,839     $ 2,036,521  

 

Obsolete inventory charged to cost of goods during the three and six months ended June 30, 2017 totaled $21,542 and $21,542 and $- and $2,968 was charged for the three and six months ended June 30, 2016.