INVENTORY

3 Months Ended

Mar. 31, 2023

INVENTORY

INVENTORY

NOTE 4 – INVENTORY

As of March 31, 2023, and December 31, 2022, inventory, which consists primarily of the Company’s raw materials, finished products and packaging is stated at the following amounts:

	March 31,		December 31,
	2023		2022
Finished goods	$	185,417	$	109,879
Raw materials (Net of obsolescence allowance)		627,231		535,253
Total inventory at cost less obsolescence allowance	$	812,648	$	645,132

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 March 31, 2023, and the years ended December 31, 2022, and 2021, respectively, this allowance remains unchanged. This obsolescence allowance is continually re-evaluated and adjusted as necessary.