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INVENTORY
3 Months Ended
Dec. 31, 2021
INVENTORY  
NOTE 3 - INVENTORY

NOTE 3 – INVENTORY

 

Inventory at December 31, 2021 and September 30, 2021 consists of the following:

 

 

December 31,

 

 

September 30,

 

 

 

2021

 

 

2021

 

Finished Goods

 

$3,163,799

 

 

$3,362,897

 

Inventory Components

 

 

1,704,055

 

 

 

1,729,176

 

Inventory Reserve

 

 

(646)

 

 

(70,206)
Inventory prepaid

 

 

559,708

 

 

 

551,519

 

Total Inventory

 

$5,426,916

 

 

$5,573,386

 

Abnormal amounts of idle facility expense, freight, handling costs, scrap and wasted material (spoilage) are expensed in the period they are in incurred and no material expenses related to these items occurred in the three months ended December 31, 2021. At the end of the quarter ended December 31, 2021, the Company wrote down inventory of $878,142, primarily related to a rationalization of a number of product lines and stock keeping units ("SKUs") at the end of the quarter, as we are working to streamline our offering to higher velocity products and eliminate slow-moving and aging SKUs.