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2. INVENTORY
12 Months Ended
Dec. 31, 2016
Inventory Abstract  
INVENTORY

The finished goods inventory balance of $3,117 at December 31, 2015 consisted of a 3.5 MT portable umbilical carousel, which we fabricated and bought back from a customer in November 2013 and are currently holding for sale or rental. In 2016, the Company reclassified the carousel into other assets until a sale or rental contract is finalized. The reclassification was made due to the uncertainty of when it will be sold or put on rent.