v3.26.3
INVENTORIES
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORIES

7. INVENTORIES

 

As of June 30, 2026 and December 31, 2025, inventories consist of:

  

  

June 30, 2026

  

December 31, 2025

 
    (Unaudited)      
Raw materials  $ 3   $3 
Finished goods   1,181,589    1,039,671 
Inventories, gross  $ 1,181,592   $1,039,674 
Allowance for slow-moving or obsolete inventories   (289,979)   (249,467)
Inventories, net  $ 891,613   $790,207 

 

For the six months ended June 30, 2026, impairments expense for obsolete inventories were approximately $32,000, For the six months ended June 30, 2025, there was a reversal of allowance for obsolete inventories in the amount of approximately $4,900. Impairment charges on inventories are included with administrative expenses.

 

 

TAOPING INC.

NOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS