INVENTORIES

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 2. INVENTORIES

Inventories consisted of the following at March 31, 2022 and December 31, 2021:

	March 31, 2022			December 31, 2021
Raw material and component parts– video solutions segment	$	3,839,796		$	3,062,046
Work-in-process– video solutions segment		56			—
Finished goods – video solutions segment		7,990,526			8,410,307
Finished goods – ticketing segment		1,472,002			2,102,272
Subtotal		13,302,380			13,574,625
Reserve for excess and obsolete inventory– video solutions segment		(3,334,829	)		(3,353,458	)
Reserve for excess and obsolete inventory – ticketing segment		(561,631	)		(561,631	)
Total inventories	$	9,405,920		$	9,659,536

Finished goods inventory includes units held by potential customers and sales agents for test and evaluation purposes. The cost of such units totaled $179,273 and $153,976 as of March 31, 2022 and December 31, 2021, respectively.