6. INVENTORY

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

INVENTORY

Inventory as of December 31, 2015 and December 31, 2014 consists of the following:

	December 31, 2015			December 31, 2014
	(Audited)			(Audited)
Finished goods	$	418,439		$	923,565
Inventory reserve		(20,000	)		(40,215	)
Total	$	398,439		$	883,350

Finished goods inventory relates to product at the Company’s retail stores, which is product purchased from distributors, and in some cases directly from the manufacturer, and resold at our stores.

The Company reviews its inventory on a periodic basis to identify products that are slow moving and/or obsolete, and if such products are identified, the Company records the appropriate inventory impairment charge at such time.