Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.23.1
INVENTORY
3 Months Ended
Mar. 31, 2023
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 3 – INVENTORY

 

Inventory consists of the following:

             
   

March 31,

2023

   

December 31,

2022

   
Raw materials   $ 2,827,402     $ 3,060,160  
Work in process     460,031       439,839  
Finished goods     2,833,315       2,145,884  
Total inventory   $ 6,120,748     $ 5,645,883  

 

The Company has purchase commitments for future payments due for inventory where initial deposits were paid as of March 31, 2023. The total additional payments due subsequent to March 31, 2023 are $679,646.