Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies: Inventory, Policy (Policies)

9 Months Ended

Sep. 30, 2019

Policies

Inventory, Policy

Inventory

Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of September 30, 2019, and December 31, 2018 we had no reserve for potentially obsolete inventory. We had $100,122 and $139,140 in inventory as of September 30, 2019 and December 31, 2018.