Post-effective amendment to a registration statement that is not immediately effective upon filing

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of Allowance for doubtful accounts

 

 

 

 

 

 

 

    

2020

    

2019

Balance at beginning of year

$

1,545,000

 

$

1,528,000

Provision

 

212,000

 

 

55,000

Write-offs

 

(105,000)

 

 

(38,000)

Balance at end of year

$

1,652,000

 

$

1,545,000

 

Schedule of additional inventory reserves

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

    

2020

    

2019

Inventory reserves

 

$

13,064,000

 

$

4,619,000

 

Schedule of scrap losses on inventory

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

    

2020

    

2019

Scrap loss reserves

 

$

587,000

 

$

699,000