Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

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INVENTORIES
6 Months Ended
Jun. 30, 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:

 

    June 30, 2021     December 31, 2020  
       
Raw materials and packaging   $ 53,559     $ 3,144  
Finished goods     24,522       16,076  
Inventories   $ 78,081     $ 19,220  

 

 

 

The Company has recorded a reserve for slow moving and potentially obsolete inventory. The reserve at June 30, 2021 and December 31, 2020 was $9,125 and $9,125, respectively.