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INVENTORY
 12 Months Ended
Dec. 31, 2021
INVENTORY

8. INVENTORY

 

   December 31, 2021   December 31, 2020    December 31, 2019  
Finished goods  $3,017,363   $1,155,871    $ -  
Parts   373,459    77,748      48,653  
Inventories   $3,390,822   $1,233,619    $ 48,653  

 

During the year ended December 31, 2021, $3,420,713 (2020: $2,257,797 2019: $118,826) of inventory was sold and recognized in cost of sales. During the year ended December 31, 2021, the Company recorded an allowance to value its inventory for obsolete and slow-moving inventory, recognizing an expense in cost of sales of $nil (2020: $23,955, 2019: $nil).

 

  December 31, 2021   December 31, 2020    December 31, 2019  
Inventory  $3,420,713   $2,257,797    $ 118,626  
Consulting and services   679,345    164,119      86,280  
Other   310,719    181,995     

13,894

  
Cost of sales   $4,410,777   $2,603,911    $ 218,800