INVENTORY

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Note 3 - Inventory

Inventory consists of raw materials, packaging components, work-in-process and finished goods. The Company’s inventory is stated at net realized value applied on a FIFO basis. The carrying value of inventory consisted of the following at September 30, 2017 and December 31, 2016:

	September 30, 2017			December 31, 2016
Raw materials	$	70,058		$	68,047
Packaging components		87,626			84,927
Work-in-process		28,245			17,406
		185,929			170,380
Reserve for obsolescence		(96,736	)		(89,095	)
Total inventory	$	89,193		$	81,285