INVENTORY
12 Months Ended
Dec. 31, 2014
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]
4 — INVENTORY
 
Inventories included in the accompanying balance sheet are stated at the lower of cost or market as summarized below:
  
 
 
December 31,
2014
 
December 31,
2013
 
Raw materials consisting of purchased parts, components and supplies
 
$
2,084,000
 
$
2,461,000
 
Finished goods
 
 
2,186,000
 
 
455,000
 
Sub-total inventories
 
 
4,270,000
 
 
2,916,000
 
Less inventory reserve
 
 
(200,000)
 
 
 
Total inventory – net
 
$
4,070,000
 
$
2,916,000
 
 
Based upon the Company’s analysis of the lower of cost or market, the Company recorded a reserve for inventory of $200,000 and $0 as of December 31, 2014 and 2013. The Company wrote-off $159,000 and $0 of inventory for the years ending December 31, 2014 and 2013, respectively.