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Inventories
3 Months Ended
Mar. 31, 2018
Inventory Disclosure [Abstract]  
Inventories

NOTE 3. INVENTORIES

 

Inventories are comprised of the following:

 

    March 31, 2018     December 31, 2017  
Raw material   $ 973,923     $ 1,040,795  
Work in progress     135,487       77,702  
Finished goods     53,052       78,316  
    $ 1,162,462     $ 1,196,813  

 

The Company recorded an impairment loss in the cost of sales of $41,396 during the three month period ended March 31, 2018 relating to steel inventory unrelated to the Company’s primary operations. On May 4, 2018, the Company sold this unrelated inventory to a third party wholesaler for approximately $248,000.