Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

Note 2 – Inventories:

The composition of the Company's inventories at December 31, 2019 and 2018 are as follows:

	2019			2018
Raw materials	$	3,872,752		$	4,320,131
Finished goods		5,926,525			8,049,791
Inventories, gross		9,799,277			12,369,922
Inventory reserves		(244,206	)		(284,109	)
Inventories, net	$	9,555,071		$	12,085,813

The inventory reserves shown in the table above reflect slow moving and obsolete inventory.

The Company operates a vendor managed inventory program with one of its customers to improve the promotion of the Company's products. The Company manages the inventory levels at this customer's warehouses and recognizes revenue as the products are sold by the customer. The inventories managed at the customer's warehouses, which are included in inventories, net, amounted to approximately $562,000 and $495,000 at December 31, 2019 and 2018, respectively.