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INVENTORIES
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
INVENTORIES

NOTE 4. INVENTORIES

 

Inventories consisted of the following at December 31, 2021 and 2020:

 

   December 31,
2021
   December 31,
2020
 
Raw material and component parts– video solutions segment  $3,062,046   $3,186,426 
Work-in-process– video solutions segment       1,907 
Finished goods – video solutions segment   

8,410,307

    

6,974,291

 
Finished goods – ticketing segment   2,102,272     
Subtotal   13,574,625    10,162,625 
Reserve for excess and obsolete inventory– video solutions segment   (3,353,458)   (1,960,351)
Reserve for excess and obsolete inventory – ticketing segment   

(561,631

)    
Total inventories  $9,659,536   $8,202,274 

 

Finished goods inventory includes units held by potential customers and sales agents for test and evaluation purposes. The cost of such units totaled $153,976 and $138,263 as of December 31, 2021 and 2020, respectively.