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Inventory
12 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
Inventory

Note 3. Inventory

Inventory, net of allowance, consisted of the following as of the date indicated:

 

 

 

December 31,

 

 

 

2018

 

 

2017

 

Raw materials

 

$

892,631

 

 

$

984,328

 

Work in process

 

 

168,937

 

 

 

66,314

 

Finished goods

 

 

284,444

 

 

 

192,021

 

Total gross inventory

 

 

1,346,012

 

 

 

1,242,663

 

Less inventory allowance

 

 

(39,403

)

 

 

(62,142

)

 

 

$

1,306,609

 

 

$

1,180,521

 

 

The reserve for shrinkage and excess inventory was $39,403 and $62,142 as of December 31, 2018 and 2017, respectively. For the year ended December 31, 2018, the Company recorded a net decrease in the inventory reserve of $22,739, compared to a net decrease of $208,165 for the year ended December 31, 2017, to adjust for estimated shrinkage and obsolescence. For the years ended December 31, 2018 and 2017, the Company recorded adjustments to the provision for excess inventory of $83,218 and $366,963, respectively. Adjustments in these periods to the allowance for estimated shrinkage, obsolescence and excess inventory have been included in cost of product and product-related services revenue in the accompanying consolidated statements of operations.