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INVENTORIES
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Inventory Disclosure [Abstract]    
INVENTORIES

NOTE 2. INVENTORIES

 

Inventories consisted of the following at September 30, 2024 and December 31, 2023:

 

  

September 30,

2024

  

December 31,

2023

 
Raw material and component parts- video solutions segment  $2,638,063   $3,044,653 
Work-in-process- video solutions segment   11,565    20,396 
Finished goods - video solutions segment   3,533,839    4,623,489 
Finished goods - entertainment segment   364,641    699,204 
Subtotal   6,548,108    8,387,742 
Reserve for excess and obsolete inventory- video solutions segment   (4,144,749)   (4,355,666)
Reserve for excess and obsolete inventory - entertainment segment   (78,241)   (186,795)
Total inventories  $2,325,118   $3,845,281 

 

NOTE 5. INVENTORIES

 

Inventories consisted of the following at December 31, 2023 and 2022:

 

   December 31,
2023		   December 31,
2022		 
Raw material and component parts- video solutions segment  $3,044,653   $4,509,165 
Work-in-process- video solutions segment   20,396    3,164 
Finished goods - video solutions segment   4,623,489    6,846,091 
Finished goods - entertainment segment   699,204    970,527 
Subtotal   8,387,742    12,328,947 
Reserve for excess and obsolete inventory- video solutions segment   (4,355,666)   (5,230,261)
Reserve for excess and obsolete inventory - entertainment segment   (186,795)   (259,280)
Total inventories  $3,845,281   $6,839,406 

 

Finished goods inventory includes units held by potential customers and sales agents for test and evaluation purposes. The cost of such units totaled $42,797 and $171,071 as of December 31, 2023 and 2022, respectively.