v3.25.1
Note 4 - Inventory
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Inventory Disclosure [Text Block]

4.  INVENTORY

 

Inventory is valued at the lower of cost (first-in, first-out) or net realizable value and consists of:

 

  

March 31,

  

December 31,

 
  

2025

  

2024

 

Raw materials and component parts

 $6,565,090  $3,754,153 

Work-in-process

  5,600,760   4,421,230 

Finished products

  10,617,828   10,956,978 

Total inventory

 $22,783,678  $19,132,361 

Less: inventory reserves

  1,379,672   854,182 

Net inventory

 $21,404,006  $18,278,179