Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.21.1
Inventories
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Inventories

NOTE 2 – INVENTORIES

 

Inventories are valued at the lower of cost (first-in, first-out) or net realizable value, and net of reserves, consisted of the following:

 

    March 31, 2021     December 31, 2020  
       
Raw materials and packaging   $ 22,170     $ 3,144  
Finished goods     21,839       16,076  
                 
    $ 44,009     $ 19,220  

 

The Company has recorded a reserve for slow moving and potentially obsolete inventory. The reserve at March 31, 2021 and December 31, 2020 was $9,125 and $9,125, respectively.