Inventory, Policy (Policies) |
3 Months Ended |
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Mar. 31, 2017 | |
| Policies | |
| Inventory, Policy |
Inventory Inventories are valued at the lower of weighted average cost or market value. Our industry experiences changes in technology, changes in market value and availability of raw materials, as well as changing customer demand. We make provisions for estimated excess and obsolete inventories based on regular audits and cycle counts of our on-hand inventory levels and forecasted customer demands and at times additional provisions are made. Any inventory write offs are charged to the reserve account. As of March 31, 2017, and December 31, 2016, we had a reserve for potentially obsolete inventory of $250,000.
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