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Inventory
9 Months Ended
Sep. 30, 2020
Inventory Disclosure [Abstract]  
Inventory [Text Block]

Note 2 - Inventory

 

Inventory is stated at the lower of cost or net realizable value. Cost is determined using the first-in first-out (FIFO) method. Inventory consists primarily of finished goods. Shipping and handling costs are included in the cost of inventory. In assessing the inventory value, the Company must make estimates and judgments regarding reserves required for product obsolescence, aging of inventory and other issues potentially affecting the saleable condition of products. In performing such evaluations, the Company utilizes historical experience as well as current market information. The reserve for obsolescence was $100,125 at September 30, 2020 and $109,127 at December 31, 2019.