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Inventory
3 Months Ended
Sep. 30, 2020
PaymentOnCapitalLease  
Inventory

Note 2.  Inventory

 

Inventory consists of the following:

  

September 30,

2020

 

December 31,

2019

Finished products  $885,725   $1,046,629 
Raw materials and work in process   278,249    421,581 
Inventory  $1,163,974   $1,468,210 

 

Inventory is stated at the lower of cost using the first-in, first-out method, or net realizable value.

 

Slot machine cabinets, which are manufactured by a third-party, include monitors, toppers, stands and certain electronic components, are shown as finished products. Raw materials primarily consist of the flash drives, motherboards, spare parts and interchangeable electronic components for the slot machines.