INVENTORY, NET |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORY, NET |
NOTE 6. INVENTORY, NET
Inventory consisted of the following: SCHEDULE OF INVENTORY
Depreciation expense for fleet inventory for the three months ended September 30, 2021 and 2020 was $23,886 and $0, and for the nine months ended September 30, 2021 and 2020, $71,658 and $0, respectively. Management has determined that no reserve for inventory obsolescence was required as of September 30, 2021 and December 31, 2020. However, $388,735 of obsolete 411 finished goods inventory was written of in Q3 2021.
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- References No definition available.
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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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