Annual report pursuant to Section 13 and 15(d)

INVENTORY

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INVENTORY
12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
INVENTORY
3. INVENTORY

 

Inventory 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 inventory at December 31, 2016 and 2015 net of inventory reserves, were as follows:

 

    2016     2015  
Raw materials   $ 34,919     $ 34,919  
Finished goods     20,197       74,832  
Total   $ 55,116     $ 109,751  

 

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.