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.