INVENTORY

9 Months Ended

12 Months Ended

Sep. 30, 2022

Dec. 31, 2021

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.

NOTE 4 – INVENTORY

As of December 31, 2021 and 2020, inventory, which consists primarily of the Company’s raw materials, finished products and packaging is stated at the following amounts:

	December 31,		December 31,
	2021		2020
Finished goods	$	41,088	$	11,111
Raw materials (Net of obsolescence allowance)		157,848		81,588
Total inventory at cost less obsolescence allowance	$	198,936	$	92,699

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 which was recorded within cost of goods sold in the amount of $623,375. This obsolescence allowance is continually re-evaluated and adjusted as necessary.