v3.25.1
Inventories
3 Months Ended
Mar. 31, 2025
Inventory Disclosure [Abstract]  
Inventories

NOTE 5 – INVENTORIES

Inventories, net consisted of the following for the periods indicated:

 

 

 

March 31,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Raw materials

 

$

10,889,366

 

 

$

11,038,609

 

Sub-assemblies

 

 

982,244

 

 

 

887,440

 

Work-in-process

 

 

604,155

 

 

 

543,207

 

Finished goods

 

 

10,130,735

 

 

 

8,406,258

 

 

 

 

22,606,500

 

 

 

20,875,514

 

Less: allowances for obsolete and slow-moving inventories

 

 

(7,507,021

)

 

 

(7,699,357

)

 

 

$

15,099,479

 

 

$

13,176,156