Annual report pursuant to Section 13 and 15(d)

Note E - Inventories

v3.19.1
Note E - Inventories
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Inventory Disclosure [Text Block]
NOTE E — INVENTORIES
 
Inventories consist of the following:
 
December 31, 2018
   
December 31, 2017
 
Dental finished goods, net
  $
1,609,000
    $
2,846,272
 
Medical finished goods, net
   
188,133
     
475,285
 
Component parts and other materials
   
123,918
     
57,652
 
Total inventories
  $
1,921,051
    $
3,379,209
 
 
At
December 31, 2018,
a reserve for slow moving medical finished goods of
$454,183
and damaged  slow moving dental finished goods of
$309,196
was recorded. At
December 31 ,2017
a reserve for slow moving medical finished goods of
$220,000
was recorded. The reserve for the medical finished goods was provided due to the delay in commercialization of the intra-articular medical instrument.