Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
6 Months Ended
Jun. 30, 2017
Inventory Disclosure [Abstract]  
INVENTORY

2. INVENTORIES

 

Inventories consist of material, labor and manufacturing overhead and are recorded at the lower of cost, using the weighted average cost method, or net realizable value.

 

The components of inventories at June 30, 2017 and December 31, 2016, net of inventory reserves, were as follows:

 

    2017     2016  
 Raw materials   $ 34,919     $ 34,919  
 Finished goods     18,856       20,197  
    $ 53,775     $ 55,116  

 

The Company periodically reviews quantities of inventory on hand and compares these amounts to expected usage of each particular product or product line. The Company records, as a charge to cost of sales, any amounts required to reduce the carrying value to net realizable value.