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Inventory
12 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Inventory

Note 3. Inventory

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

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Raw materials

 

$

872,947

 

 

$

892,631

 

Work in process

 

 

151,351

 

 

 

168,937

 

Finished goods

 

 

284,772

 

 

 

284,444

 

Total gross inventory

 

 

1,309,070

 

 

 

1,346,012

 

Less inventory allowance

 

$

(39,403

)

 

 

(39,403

)

 

 

$

1,269,667

 

 

$

1,306,609

 

 

The reserve for shrinkage and excess inventory was $39,403 as of both December 31, 2019 and 2018. For the year ended December 31, 2019, the Company recorded $0 in adjustments to the inventory reserve, compared to a net decrease of $22,739 for the year ended December 31, 2018, to adjust for estimated shrinkage and obsolescence. For the years ended December 31, 2019 and 2018, the Company recorded adjustments to the provision for excess inventory of $153,729 and $83,218, 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.