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Inventory

12 Months Ended

Dec. 31, 2014

Note 5 — Inventory

Inventory, net consisted of the following:

	December 31,		December 31,
	2014		2013
Raw materials	$	121,631	$	125,583
Finished goods		524,989		985,924
		646,620		1,111,507

Less provision for inventory obsolescence		(90,000)		—
	$	556,620	$	1,111,507

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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