Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
3 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Inventory

NOTE 7 - INVENTORY

 

Inventory, which primarily consists of finished goods and components used in the Company’s products, is stated at the lower of cost or net realizable value using the first-in first-out (FIFO) method. Inventory is shown net of a valuation reserve of $119,000 at December 31, 2018, and $118,000 at March 31, 2019.

 

Inventories consist of the following:

 

    December 31, 2018     March 31, 2019  
          (Unaudited)  
             
Components   $ 2,218,000     $ 1,030,000  
Finished goods     2,431,000       4,028,000  
                 
    $ 4,649,000     $ 5,058,000