Quarterly report pursuant to Section 13 or 15(d)

Inventories

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Inventories
 9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Inventories

Note 5 - Inventories

 

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

 

    2016     2015  
Raw Materials   $ 396,942     $ 348,216  
Sub-Assemblies     818,055       786,656  
Finished Goods     756,458       25,721  
Reserve for Obsolescence     (28,939 )     (28,939 )
    $ 1,942,516     $ 1,131,654  

 

For the three and nine months ended September 30, 2016, $24,965 and $27,933 were expensed to cost of goods sold for obsolete inventory. For the three and nine months ended September 30, 2015, $252 was expensed to cost of goods sold for obsolete inventory.