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Inventories
3 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Inventories

Note 4 — Inventories

Inventories consist of the following at:

 

 

 

March 31,

2019

 

 

December 31,

2018

 

Finished goods

 

$

296,727

 

 

$

146,640

 

Consigned inventory

 

 

135,635

 

 

 

135,635

 

Parts and components

 

 

28,550

 

 

 

48,874

 

 

 

 

460,912

 

 

 

331,149

 

Less: excess and obsolete inventory reserves

 

 

(24,000

)

 

 

(24,000

)

Less: consigned inventory reserves

 

 

(135,635

)

 

 

(51,000

)

Inventories, net

 

$

301,277

 

 

$

256,149

 

 

Consigned inventory represents products that have been delivered for which the Company does not have the right to bill. At March 31, 2019 and December 31, 2018, the Company recorded consigned inventory reserves for units that will not be sold based on historical experience.