The document discusses sequential circuits and their basic components. It describes how SR latches can store a bit using feedback and how their behavior can be represented using truth tables and state diagrams. SR latches are glitch sensitive. D latches and D flip-flops are also discussed, with latches being level sensitive and flip-flops edge triggered. Other types of flip-flops include T and J-K flip-flops. A master-slave J-K flip-flop is shown to realize a clocked J-K flip-flop using two SR latches.