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Property, Plant and Equipment Disclosure
9 Months Ended
Sep. 30, 2019
Notes  
Property, Plant and Equipment Disclosure

NOTE 5 - PROPERTY, INVENTORY AND EQUIPMENT

During July, the Company sold their Industrial Property they had bought from the city of Goldendale in February 2018. The original purchase price was $100,000 for the 5 acre lot. The Company sold the land back to the City under the original contract for a discounted price of $90,000.

 

Notes to Inventory Type and Value:

Inventory consists of Finished Product and Raw Materials that are valued at the lower of cost or market.

Finished product of $44,900 is a full set of insulated ACH cast panels for wall and roof of an approx. 1,600 sq. ft house. Panel cost is actual size of all panels in sq. ft. of just under 7,000 sq. ft. calculated as follows.

 

 

 

 

Material

Cost per sq. ft.

 

Cement

2.42

 

XPS Insulation

0.98

 

Surfactant

0.32

 

Rebar @ Steel

1.02

 

Labor

1.78

 

TOTAL COST PER SQ. FT.   $

6.52