Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
3 Months Ended
Mar. 31, 2015
Inventory Disclosure [Abstract]  
Inventory

NOTE 3 – INVENTORY

 

Inventory consists of the following as of:

 

    March 31, 2015     December 31, 2014  
Processed materials   $ 958,575     $ 958,575  
Total inventories   $ 958,575     $ 958,575  

 

At March 31, 2015, and December 31, 2014, inventory in the amount of $924,452 is stored at one of the Company’s suppliers, which is located in Germany, with the balance of the inventory maintained in the United States.

 

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 determined that no inventory reserves are necessary as of March 31, 2015, and December 31, 2014.