3. INVENTORIES, NET

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORIES, NET

Inventory is recorded at the lower of cost or net realizable value. The cost of substantially all the Company’s inventory is determined by the FIFO cost method. Inventories consisted of the following: 

	December 31,
	2019		2018
Finished goods	$	653,323	$	82,313
Work in process		413		12,695
Raw materials		1,590,805		63,259
	$	2,244,541	$	158,267

During the year ended December 31, 2019 the Company wrote off $193,506 of raw material and scrap parts primarily due to startup production, model changes and improvements.