Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.5.0.2
Inventories
 6 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
Inventories

Note 5 - Inventories

 

Inventories at June 30, 2016 and December 31, 2015 consists of the following categories:

 

    2016     2015  
Raw Materials   $ 424,231     $ 348,216  
Sub-Assemblies     803,236       786,656  
Finished Goods     18,714       25,721  
Reserve for Obsolescence     (28,939 )     (28,939 )
    $ 1,217,242     $ 1,131,654  

 

For the three and six months ended June 30, 2016, $- and $2,968 were expensed to cost of goods sold for obsolete inventory. No charges were made to cost of goods sold for obsolete inventory for the three and six months ended June 30, 2015.