INVENTORIES

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 2. INVENTORIES

Inventories consisted of the following at June 30, 2023 and December 31, 2022:

	June 30, 2023			December 31, 2022
Raw material and component parts– video solutions segment	$	3,656,511		$	4,509,165
Work-in-process– video solutions segment		17,005			3,164
Finished goods – video solutions segment		6,545,100			6,846,091
Finished goods – entertainment segment		1,036,134			970,527
Subtotal		11,254,750			12,328,947
Reserve for excess and obsolete inventory– video solutions segment		(5,095,330	)		(5,230,261	)
Reserve for excess and obsolete inventory – entertainment segment		(319,204	)		(259,280	)
Total inventories	$	5,840,216		$	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 $217,441 and $171,071 as of June 30, 2023 and December 31, 2022, respectively.