Inventory, Net

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

Inventory, Net

NOTE 3 – INVENTORY, NET

Inventory principally consists of raw material engine parts, work in process engines, labor and overhead, net of realization, valuation and obsolescence reserves. In the aggregate it is stated at the lower of cost or market.

	March 31, 2016		December 31, 2015
Raw material	$	323,224	$	323,508
Work in process		14,735		0
Total	$	337,959	$	323,508

We provide estimated provisions for the realization, valuation and obsolescence of our inventories, including adjustments to market, based on various factors, including the age of such inventory and our management’s assessment of the need for such provisions. We look at historical inventory aging and usage reports and margin analyses in determining our provision estimate.