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INVENTORY
9 Months Ended
Sep. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 4 - INVENTORY

 

Inventory consists of the following components:

 

   September 30, 2023   December 31, 2022 
Raw Materials  $870,151   $870,530 
Semi-Finished   1,836,307    1,863,501 
Finished Goods   1,958,267    1,694,574 
Packaging   27,370    20,120 
Total  $4,692,095   $4,448,725 

 

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.