Annual report pursuant to Section 13 and 15(d)

Inventory

v2.4.1.9
Inventory
12 Months Ended
Dec. 31, 2014
Inventory Disclosure [Abstract]  
Inventory

NOTE 3 – INVENTORY

 

Inventory consists of the following as of:

 

    December 31, 2014     December 31, 2013  
Processed materials   $ 958,575     $ 986,674  
Total inventories   $ 958,575     $ 986,674  

 

At December 31, 2014 and December 31, 2013, inventory in the amount of $924,452 is stored at one of the Company’s suppliers, which is located in Germany.

 

During the year ended December 31, 2014, the Company utilized $28,099 in Astaxanthin as part of commercial product research and development.

 

The Company has no reserves established as of December 31, 2014 and 2013 on this inventory.