v3.24.3

INVENTORIES, NET | 9 Months Ended
--- | ---
Sep. 30, 2024
Inventory Disclosure [Abstract] |
INVENTORIES, NET | NOTE 5: INVENTORIES, NET
|  | September 30, 2024 |  |  | December 31, 2023 |
Raw materials |  | $ | 204,083 |  |  | $ | 340,604 |
Work in process |  |  | 493 |  |  |  | 20,885 |
Finished goods |  |  | 593,807 |  |  |  | 1,081,960 |
Total inventories, net |  | $ | 798,383 |  |  | $ | 1,443,449 |
The Company records inventory write-downs for excess or obsolete inventory or when it believes that the net realizable value of inventory is less than its carrying value. As of September 30, 2024, the Company examined its current inventory balances, analyzed inventory in its channels and evaluated future installation rates. The Company concluded that significant write-downs are necessary, primarily due to slowdown in the Company's products demand, excess inventory in the channels, repeated price reductions and the introduction of a new generation of products. The Company records write-downs under Cost of revenues, in the consolidated statements of income (loss). During the three and nine months ended September 30, 2024, the Company recorded write-downs of $627,905 and $638,966, respectively. During the three and nine months ended September 30, 2023, the Company recorded write-downs of $8,728 and $20,674, respectively.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration