XML 22 R9.htm IDEA: XBRL DOCUMENT v3.19.2
Inventories
12 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
Inventories

NOTE 3. INVENTORIES

 

Inventories were comprised of the following:

 

    December 31,
2018
    December 31,
2017
 
Raw material   $

738,330

    $ 1,040,795   
Work in progress    

217,158

      77,702   
Finished goods     48,135       78,316   
    1,003,623     $ 1,196,813   

 

The Company recorded an impairment loss in the cost of sales of $116,396 during the year ended December 31, 2018 relating to slow moving inventory and steel inventory sold to a third-party wholesaler for no gain or loss.

 

There were no impairment losses recorded by the Company during the year ended December 31, 2017.