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Inventory, Net
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Inventory Disclosure [Abstract]    
Inventory, Net

Note 6 – 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 components as of March 31, 2019 and December 31, 2018 were as follows:

 

    March 31, 2019     December 31, 2018  
    (Unaudited)     (Audited)  
Finished goods   $ 1,842,000     $ 1,633,000  
Raw materials     273,000       280,000  
Less: inventory reserve     (75,000 )     (49,000 )
Total inventory, net   $ 2,040,000     $ 1,864,000  

Note 6 - Inventory, net

 

The Company’s inventory components as of December 31, 2018 and 2017 were as follows:

 

    December 31,  
    2018     2017  
Finished goods   $ 1,633,000     $ 654,000  
Raw material     280,000       51,000  
Less: inventory reserve     (49,000 )     (31,000 )
Total inventory, net   $ 1,864,000     $ 674,000