Quarterly report pursuant to Section 13 or 15(d)

4. Inventory

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4. Inventory
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Note 4. Inventory

During the year ended December 31, 2015, the Company began the production of equipment to be sold to its customers. As of March 31, 2016 and December 31, 2015, costs totaling $2,386,300 and $2,430,846, respectively, were incurred for component purchases and progress billings from subcontractors on these projects. These costs will be recorded as cost of sales as the systems are commissioned for use by the Company's customers. The Company also held product supply inventory valued at $314,392 and $285,067 as of March 31, 2016 and December 31, 2015, respectively.