Registration of securities issued in business combination transactions

Inventory

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Inventory
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Inventory Disclosure [Abstract]    
Inventory

NOTE 3 – INVENTORY

 

Inventory consists of the following as of:

 

    June 30, 2015     December 31, 2014  
Processed materials   $ 958,575     $ 958,575  
Total inventories   $ 958,575     $ 958,575  

 

At June 30, 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 June 30, 2015, and December 31, 2014.

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.