NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2019

Disclosure Text Block [Abstract]

Schedule of Disaggregation of Revenue

The following table presents Omnitek’s revenues disaggregated by region and product type for the three months ended June 30, 2019 and June 30, 2018:

		For the three months ended June 30,				For the three months ended June 30,
			2019				2018
		Consumer	Long-term			Consumer	Long-term
Segments		Products	Contract	Total		Products	Contract	Total
Domestic	$	100,568	-	100,568	$	157,576	-	157,576
International		145,064	18,764	163,828		211,979	-	211,979
	$	245,632	18,764	264,396	$	369,555	-	369,555
Filters	$	175,736	-	175,736	$	193,973	-	193,973
Components		69,896	-	69,896		175,582	-	175,582
Engineering Services		-	18,764	18,764		-	-	-
	$	245,632	18,764	264,396	$	369,555	-	369,555

The following table presents Omnitek’s revenues disaggregated by region and product type for the six months ended June 30, 2019 and June 30, 2018: 

		For the six months ended June 30,				For the six months ended June 30,
			2019				2018
		Consumer	Long-term			Consumer	Long-term
Segments		Products	Contract	Total		Products	Contract	Total
Domestic	$	220,926	-	220,926	$	296,324	-	296,324
International		350,344	44,474	394,818		432,761	-	432,761
	$	571,270	44,474	615,744	$	729,085	-	729,085
Filters	$	415,624	-	415,624	$	441,501	-	193,973
Components		155,646	-	155,646		287,584	-	287,584
Engineering Services		-	44,474	44,474		-	-	-
	$	571,270	18,764	615,744	$	729,085	-	729,085

Schedule of Inventory

The Company’s inventory consists of finished goods and raw material and is located in Vista, California, consisting of the following:

	June 30,		December 31,
Location : Vista, CA	2019		2018
Raw materials	$	939,179	$	948,060
Finished goods		1,116,392		1,147,052
Inventory in transit		-		10,611
Allowance for obsolete inventory		(796,045)		(746,045)
Total	$	1,259,526	$	1,359,678

Schedule of Property and Equipment

Property and equipment at June 30, 2019 and December 31, 2018 consisted of the following:

	June 30,		December 31,
	2019		2018
Production equipment	$	64,673	$	64,673
Computers/Office equipment		28,540		28,540
Tooling equipment		12,380		12,380
Leasehold Improvements		42,451		42,451
Less: accumulated depreciation		(145,963)		(145,668)
Total	$	2,081	$	2,376