2. Significant Accounting Policies: Inventories (Policies)

9 Months Ended

Sep. 30, 2016

Policies

Inventories

Inventories

Inventories are valued at the lower of cost or market. The cost of inventories is determined by the first-in, first-out (FIFO) method. The Company generally considers inventory quantities beyond two-years usage, measured on a historical usage basis, to be excess inventory and reduces the carrying value of inventory accordingly.