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INVENTORY
6 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 4 - INVENTORY

 

Inventory consists of the following components:

 

           
   June 30, 2022   December 31, 2021 
Raw Materials  $1,002,084   $970,393 
Semi-Finished   1,649,703    1,466,763 
Finished Goods   1,813,143    1,805,779 
Packaging   15,549    15,549 
Trading        5,793 
Total  $4,480,479   $4,264,277 

 

Inventories are stated at lower of cost or net realizable value using the standard costing method for its work in process and finished goods. For its raw materials, trading goods, and packaging supplies, the Company utilizes the moving average method for costing purposes and FIFO. At this time there are no inventory reserves required.