Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.8.0.1
Inventories
9 Months Ended
Sep. 30, 2017
Inventories [Abstract]  
Inventories

NOTE 4 - INVENTORIES



Inventories summarized below are priced at the lower of first-in, first-out cost or market:





 

 

 

 

 

 



 

 

 

 

 

 



 

September 30

 

December 31



 

2017

 

2016

Finished goods

 

$         

8,406,000 

 

$

12,083,000 

Raw and processed materials

 

 

6,612,000 

 

 

10,122,000 



 

$

15,018,000 

 

$

22,205,000 

 

The Company’s reserve for obsolete inventory increased by $3,131,000 during the nine months ended September 30, 2017, or $0.35 per basic and diluted share.