INVENTORY

6 Months Ended

Jun. 30, 2023

INVENTORY

INVENTORY

NOTE 4 - INVENTORY

As of June 30, 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:

	June 30,		December 31,
	2023		2022
Finished goods	$	462,818	$	109,879
Raw materials (Net of obsolescence allowance)		718,713		535,253
Total inventory at cost less obsolescence allowance	$	1,181,531	$	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 June 30, 2023 and December 31, 2022 and 2021, respectively, this allowance remains unchanged. This obsolescence allowance is continually re-evaluated and adjusted as necessary.