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Inventory, Net
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Inventory Disclosure [Abstract]    
Inventory, Net

Note 10 – Inventory, net

 

Inventory is stated at the lower of cost or net realizable value using the first-in, first-out method and consists of raw materials and finished goods. The Company’s inventory as of March 31, 2018 and December 31, 2017 was as follows:

 

    March 31, 2018     December 31, 2017  
    (Unaudited)     (Audited)  
Finished goods   $ 936,000     $ 654,000  
Raw materials     73,000       51,000  
Less: inventory reserve     (81,000 )     (31,000 )
Total inventory, net   $ 928,000     $ 674,000

Note 3 - Inventory, net

 

The Company’s inventory components as of December 31, 2017 and 2016 were as follows:

 

    December 31,  
    2017     2016  
Finished goods   $ 654,000     $ 528,000  
Raw material     51,000       -  
Less: inventory reserve     (31,000 )     (49,000 )
Total inventory, net   $ 674,000     $ 479,000