Annual report pursuant to Section 13 and 15(d)

Inventories

v3.20.1
Inventories
12 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Inventories

NOTE 3 – INVENTORIES

 

Inventories consist of the following as of December 31:

 

    2019     2018  
Finished goods   $ 414,031     $ 96,750  
Raw materials     763,800       1,383,630  
Total inventories   $ 1,177,831     $ 1,480,380  

 

As of December 31, 2019 and 2018, $763,830 and $1,383,630, respectively, in raw materials were held at the manufacturer’s facility for future production. Additionally, as of December 31, 2019 and 2018, $407,756 and $48,981, respectively, in finished goods were held at the manufacturer’s facility for shipment.