• Filing Date: 2017-08-21
  • Form Type: 10-Q
  • Description: Quarterly report
v3.7.0.1
Note 3 - Inventories
3 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Inventory Disclosure [Text Block]
NOTE
3
- INVENTORIES
     
 
Inventories at
June 30, 2017
consisted of the following:
 
 
 
 
 
   
Current
   
Long Term
   
Total
 
Raw materials
  $
479,875
    $
20,331
    $
500,206
 
Finished goods
   
6,774
     
-
     
6,774
 
    $
486,649
    $
20,331
    $
506,980
 
 
Inventories at
March 31, 2017
consisted of the following:
 
 
 
 
 
   
Current
   
Long Term
   
Total
 
Raw materials
  $
338,443
    $
56,611
    $
395,054
 
Finished goods
   
31,353
     
-
     
31,353
 
    $
369,796
    $
56,611
    $
426,407
 
 
The Company values its inventories at the
first
in,
first
out ("FIFO") method at the lower of cost or market.