Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

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INVENTORY
9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 3 – INVENTORY

 

As of September 30, 2016,the Company has no inventory. As of December 31, 2015,there was $131,759 of finished goods and $372,187 of work in process inventory. Inventory is carried at the lower of cost or net realizable value. Management has recognized that all the existing inventory no longer has any commercial value and has therefore written all remaining inventory down to zero resulting in a loss on inventory impairment of $373,512, which has been recorded to cost of goods sold.