Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Inventories

v3.20.2
Note 4 - Inventories
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Inventory Disclosure [Text Block]
NOTE
4
 — INVENTORIES
 
Inventories consist of the following:
 
   
September 30, 2020
   
December 31, 2019
 
                 
Dental finished goods, net
  $
1,705,519
    $
1,306,763
 
Medical finished goods, net
   
169,549
     
213,861
 
Component parts and other materials
   
354,692
     
99,885
 
Total inventories
  $
2,229,760
    $
1,620,509
 
 
On
September 30, 2020, 
there is a reserve for slow moving medical finished goods of approximately
$450,000
and damaged or slow moving dental finished goods of approximately
$7,000.
The reserve for the medical finished goods was primarily related to the delay in regulatory approval and commercialization of the intra-articular medical instrument. As of
December 31, 2019,
there is a reserve for slow moving medical finished goods of approximately
$450,000
and damaged or slow moving dental finished goods of approximately
$318,000.
Approximately
$311,000
 of the dental finished inventory reserved at
December 31, 2019
was destroyed during the
nine
months ended
September 30, 2020.