INVENTORY

9 Months Ended

Sep. 30, 2022

INVENTORY

INVENTORY

NOTE 4 – INVENTORY

As of September 30, 2022 and December 31, 2021, inventory, which consists primarily of the Company’s raw materials, finished products and packaging is stated at the following amounts:

	September 30		December 31
	2022		2021
Finished goods	$	261,236	$	41,088
Raw materials (Net of obsolescence allowance)		537,272		157,848
Total inventory at cost less obsolescence allowance	$	798,508	$	198,936

The Company identified a potential for obsolescence in particular raw materials and provided an allowance for this risk in full in the year ended December 31, 2020. As of September 30, 2022 and December 31, 2021, this allowance remains unchanged. This obsolescence allowance is continually re-evaluated and adjusted as necessary.