v3.20.1

Inventory

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORY, NET

2. INVENTORY, NET

Inventory, net consists of the following:

			December 31,
			2019						2018
Raw materials			$	3,741,097					$	4,319,637
Work in process			422,176						702,079
Finished goods			—						—
			4,163,273						5,021,716
Less: Inventory reserve			(2,365,127)						(2,488,100)
Total Inventory, net			$	1,798,146					$	2,533,616

During the years ended December 31, 2019 and 2018, the Company recorded an increase in its inventory reserve of approximately $0.7 million and $2.5 million. In 2019, certain raw materials that were included in the inventory reserve as of December 31, 2018 were disposed of and reduced the reserve. The reserve relates to the Company’s strategic switch from the legacy E-GEN/E-100 platform to our C-Series platform. Certain raw materials and work in process were unique to the E-GEN/E-100 vehicles and cannot be repurposed.

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- References

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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 http://asc.fasb.org/topic&trid=2126998

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