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Inventories

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

Inventories

NOTE 4. INVENTORIES

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

		December 31, 2020				December 31, 2019
Raw material and component parts		$	3,186,426			$	4,481,611
Work-in-process			1,907				35,858
Finished goods			6,974,291				4,906,956
Subtotal			10,162,625				9,424,425
Reserve for excess and obsolete inventory			(1,960,351	)			(4,144,013	)
Total inventories		$	8,202,274			$	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 $138,263 and $80,711 as of December 31, 2020 and 2019, 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 http://asc.fasb.org/topic&trid=2126998

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