Inventories

Inventories consist of the following:



	March 31, 2019		December 31, 2018
Purchased components	$	1,710,368	$	1,767,674
Finished goods	783,900		1,094,190
	$	2,494,268	$	2,861,864

The Company recorded an inventory related provision of $700,000 in the quarter ended March 31, 2019 to adjust Quell Classic inventory to net realizable value. The provision was assigned in the amounts of $335,000 and $165,000 within purchased components and finished goods, respectively. The remaining $200,000 related to components located at contract manufacturers was recorded in accrued expenses.