|12 Months Ended|
Dec. 31, 2022
|Inventory Disclosure [Abstract]|
NOTE 3 – INVENTORY
Inventory consists of the following at December 31:
The Company has recognized a loss of $1,692,217 on inventory and inventory deposits for Grunt parts for the year ended December 31, 2022 to reduce inventories for Grunts to their net realizable value. The Company has purchase commitments for future payments due for inventory where initial deposits were paid as of December 31, 2022. The total additional payments due subsequent to December 31, 2022 are $1,708,595.
The Company recognized a loss of $5,450,007 on inventory and inventory
deposits for Grunt parts for the year ended December 31, 2021 to reduce inventories related to the vehicle to their net realizable value.
Of this loss, $1,506,849 represented an accrual for purchase commitments for future payments due for inventory where deposits were paid
as of December 31, 2021.
No definition available.
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