v3.8.0.1

5. Inventory | 9 Months Ended
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Jun. 30, 2017
Notes |
5. Inventory | 5. Inventory Inventory is recorded at the lower of cost or market value, cost being determined using the first-in, first-out ("FIFO") method. Inventory consists of diabetic supplies. Inventory held by distributors is reported as inventory until the supplies are shipped to the end user by the distributor. The Company estimates an inventory reserve for obsolescence and excessive quantities. Due to competitive pressures and technological innovation, it is possible that estimates of net realizable values could change in the near term. Inventory consists of the following as of:
|  | June 30, 2017 |  | September 30, 2016
Finished goods | $ | 503,477 | $ | 206,444
Inventory reserve |  | (1,708) |  | (1,708)
Net inventory | $ | 501,769 | $ | 204,736

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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