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

Note 3. Inventory

 

Inventory consisted of the following as of:

 

   December 31, 2021   December 31, 2020 
         
Raw materials and work in process  $5,229,636   $3,636,649 
Reserve   (214,712)   (120,652)
           
Total inventory  $5,014,924   $3,515,997 

 

During 2021 and 2020, the Company evaluated the useful life of its spare parts inventory. As a result of this evaluation, the Company classified $136,241 and $500,114 of spare replacement parts as Other Assets, long-term on the Balance Sheet at December 31, 2021 and 2020, respectively. In addition, during 2021 and 2020, the Company transferred $334,637 and $724,811, respectively, from inventory to property and equipment.