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INVENTORIES

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

INVENTORIES

8. INVENTORIES

As of December 31, 2024 and 2023, inventories consist of:

SCHEDULE OF INVENTORIES

		December 31, 2024				December 31, 2023
Raw materials		$	-			$	3,379
Finished goods			6,385,905				1,336,771
Inventories, gross		$	6,385,905			$	1,340,150
Allowance for slow-moving or obsolete inventories			(68,732	)			(89,583	)
Inventories, net		$	6,317,173			$	1,250,567

For the year ended December 31, 2024, there was a reversal of impairments for obsolete inventories in the amount of approximately $14,000. For the year ended December 31, 2023, there was a reversal of impairments for obsolete inventories in the amount of approximately $53,000. For the year ended December 31, 2022, impairments expense for obsolete inventories were approximately $64,000. Impairment charges on inventories are included with administrative expenses.

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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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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