Inventory |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2022 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Inventory | Note 3 – Inventory
Inventory, which is comprised of finished product, is valued at the lower of cost (first-in, first-out) or net realizable value, and net of reserves is comprised of the following:
During the nine months ended September 30, 2022, the Company determined that no reserve for obsolete inventory was necessary. During the nine months ended September 30, 2021, the Company recorded a reserve for slow moving and potentially obsolete inventory of $45,000, which is included in cost of goods sold in the accompanying condensed statement of operations.
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