Inventory, Net (Tables)
|9 Months Ended|
Sep. 30, 2023
|Inventory Disclosure [Abstract]|
|Schedule of Inventory||
As of September 30, 2023, and December 31, 2022, inventory consisted of the following:
Reserves for inventory obsolescence are recorded as necessary to reduce obsolete inventory to estimated net realizable value or to specifically reserve for obsolete inventory. As of September 30, 2023 and December 31, 2022 the reserve for slow moving and obsolete inventory was $713,366 and $708,858 respectively. Inventory write-offs for the three and nine months ended September 30, 2023 was $86,461 and $66,659, respectively. Inventory write-offs for the three and nine months ended September 30, 2022, was $34,720 and $856,502, respectively.
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef