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5. INVENTORY
 6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Notes to Financial Statements    
INVENTORY

Inventories are stated at the lower of cost or net realizable value. Costs are determined using the first in- first out (FIFO) method. Inventory consists approximately of the following:

 

    June 30,     December 31,  
    2018     2017  
Finished Goods   $ –     $ 1,716,141  
Work in Process     559,013       311,481  
Raw Materials     341,578       300,479  
Inventory Allowance     (8,601 )     (8,601 )
Total Inventory   $ 891,990     $ 2,319,500  

Inventories are stated at the lower of cost or net realizable value. Costs are determined using the first in- first out (FIFO) method. As of December 31, 2017 and 2016, inventory consists of the following:

 

    December 31, 2017     December 31, 2016  
Finished goods   $ 1,716,141     $ 22,375  
Work in process     311,481       164,915  
Raw materials     300,479       93,113  
Inventory reserve     (8,601 )     (8,601 )
Inventory, net   $ 2,319,500     $ 271,802