Annual report pursuant to Section 13 and 15(d)

Inventory

v3.22.1
Inventory
 12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 5 – INVENTORY

 

On December 31, 2021 and 2020, inventory consisted of the following:

 

    December 31,
2021		     December 31,
2020		  
Raw materials   $ 7,141     $ 24,477  
Finished goods     120,790       52,723  
Inventory     127,931       77,200  
Less: allowance for obsolete or slow moving inventory     (45,000 )    
-
  
Inventory, net   $ 82,931     $ 77,200  

 

For the years ended December 31, 2021 and 2020, a loss from allowance for slow moving inventory amounted to $45,000 and $0, respectively, and is included in cost of sales on the accompanying consolidated statements of operations.