Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Inventory

v3.7.0.1
Note 8 - Inventory
3 Months Ended
Mar. 31, 2017
Notes  
Note 8 - Inventory

NOTE 8 – INVENTORY

 

Inventories consisted of the following at each balance sheet date:

 

As of

March 31, 2017

December 31, 2016

Raw materials

 $675,777

 $940,527

Finished goods

 7,562,237

 7,112,098

Work in process

 -  

-

Subtotal

 8,238,014

 8,052,625

Reserve for Obsolescence

 (213,453)

 (213,122)

Total

 $8,024,561

 $7,839,503