Inventories

9 Months Ended

Sep. 30, 2018

Inventory Disclosure [Abstract]

Inventories

NOTE 3. INVENTORIES

Inventories are comprised of the following:

	September 30, 2018		December 31, 2017
Raw material	$	778,570	$	1,040,795
Work in progress		208,194		77,702
Finished goods		48,135		78,316
	$	1,034,899	$	1,196,813

The Company recorded an impairment loss in the cost of sales of $41,396 in the first quarter of 2018 relating to steel inventory unrelated to the Company’s primary operations. During the second quarter of 2018, the Company sold this unrelated inventory to a third-party wholesaler for approximately $248,000. No gain or loss was recorded upon the sale.