Quarterly report pursuant to sections 13 or 15(d)

2. INVENTORIES

v2.4.0.8
2. INVENTORIES
9 Months Ended
Sep. 30, 2013
Inventory Disclosure [Abstract]  
NOTE 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 September 30, 2013 and December 31, 2012, net of inventory reserves, were as follows:

 

    2013     2012  
 Raw materials   $ 31,311     $ 13,125  
 Work in process     2,077       -  
 Finished goods     156,584       3,684  
                 
    $ 189,972     $ 16,809  

 

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.