Quarterly report pursuant to Section 13 or 15(d)

Inventory (Tables)

v3.22.2.2
Inventory (Tables)
 9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]  
Schedule of Inventory

As of September 30, 2022, and December 31, 2021, inventory consisted of the following:

 

 

As of

 

 

As of

 

 

 

September 30,
2022

 

 

December 31,
2021

 

Raw materials

 

$

1,430,116

 

 

$

2,188,284

 

Work in process

 

 

1,342,963

 

 

 

2,128,894

 

Finished goods

 

 

6,153,976

 

 

 

2,898,803

 

Total Inventory, net

 

$

8,927,055

 

 

$

7,215,981

 

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, 2022 and December 31, 2021 inventory reserves were $1,031,544 and $170,482 respectively.