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Inventory

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventory

Note 3 – Inventory

Inventory consisted of the following:

 Schedule of Inventory 

		September 30,				December 31,
		2022				2021
Finished goods		$	389,290			$	272,199
Work in progress			194				1,050
Raw materials			311,186				196,456
Allowance for excess & obsolete inventory			(86,047	)			(91,379	)
Inventory, net		$	614,623			$	378,326

CEA Industries Inc.

Notes to Condensed Consolidated Financial Statements

September 30, 2022

(in US Dollars except share numbers)

(Unaudited)

Overhead expenses of $14,986 and $13,589 were included in the inventory balance as of September 30, 2022, and December 31, 2021, respectively.

Advance payments on inventory purchases are recorded in prepaid expenses until title for such inventory passes to the Company. Prepaid expenses included approximately $760,000 and $1,069,000 in advance payments for inventory for the periods ended September 30, 2022, and December 31, 2021, respectively.

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- References

No definition available.

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI https://asc.fasb.org/topic&trid=2126998

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