Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.19.3
Inventory
9 Months Ended
Sep. 30, 2019
Inventory Disclosure [Abstract]  
Inventory

NOTE 7 - INVENTORY

 

Inventory, which primarily consists of finished goods and components used in I.D. Systems’ products, is stated at the lower of cost or net realizable value using the first-in first-out (FIFO) method. Inventory is shown net of a valuation reserve of $119,000 at December 31, 2018, and $159,000 at September 30, 2019.

 

Inventories consist of the following:

 

    December 31, 2018     September 30, 2019  
              (Unaudited)  
Components   $ 2,218,000     $ 1,518,000  
Finished goods     2,431,000       8,243,000  
                 
    $ 4,649,000     $ 9,761,000