XML 20 R9.htm IDEA: XBRL DOCUMENT v3.20.2
Inventories
9 Months Ended
Sep. 30, 2020
Inventory Disclosure [Abstract]  
Inventories

NOTE 2. INVENTORIES

 

Inventories consisted of the following at September 30, 2020 and December 31, 2019:

 

    September 30, 2020     December 31, 2019  
Raw material and component parts   $ 2,450,244     $ 4,481,611  
Work-in-process     820       35,858  
Finished goods     5,535,073       4,906,956  
                 
Subtotal     7,986,137       9,424,425  
Reserve for excess and obsolete inventory     (1,992,510 )     (4,144,013 )
                 
Total   $ 5,993,627     $ 5,280,412  

 

Finished goods inventory includes units held by potential customers and sales agents for test and evaluation purposes. The cost of such units totaled $152,609 and $80,711 as of September 30, 2020 and December 31, 2019, respectively.