INVENTORY

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

INVENTORY

NOTE 5. INVENTORY

Inventory, net of any inventory allowances, consisted of the following:

	September 30,		December 31,
	2024		2023
Raw materials	$	2,808,219	$	3,252,280
Work-in-progress		251,583		179,702
Finished goods		150,090		—
Total inventory, net	$	3,209,892	$	3,431,982

During the three and nine months ended September 30, 2024, depreciation for fleet inventory was $50,030 and $250,151, respectively. There were no vehicles in fleet inventory during the three and nine months ended September 30, 2023.

During the three and nine months ended September 30, 2024, $86,840 and $1,709,449 impairment of inventory adjustment was recorded in cost of goods sold, related to the Vanish product. Included in the impairment of inventory adjustment during the three and nine months ended September 30, 2024, is $0 and $476,340, respectively, related to physical inventory stock adjustments. No such adjustments were recognized during the three and nine months ended September 30, 2023.