Quarterly report pursuant to Section 13 or 15(d)

2. INVENTORIES

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2. INVENTORIES
6 Months Ended
Jun. 30, 2014
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 June 30, 2014 and December 31, 2013, net of inventory reserves, were as follows:

 

    2014     2013  
 Raw materials   $ 1,259     $ 7,672  
 Work in process     -       -  
 Finished goods     171,697       102,953  
    $ 172,956     $ 110,625  

 

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.