Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Summary of Significant Accounting Policies: Inventory, Policy (Policies)

v3.10.0.1
Note 1 - Summary of Significant Accounting Policies: Inventory, Policy (Policies)
9 Months Ended
Sep. 30, 2018
Policies  
Inventory, Policy

Inventory - Inventory is valued at the lower of cost or market value. Product-related inventories are primarily maintained using the average cost method.  When market value is determined to be less than cost, the Company records an allowance for obsolescence.  The company’s inventory assets at September 30, 2018 and December 31, 2017 consisted primarily of hardware appliances valued as follows:

 

 

 

As of September 30, 2018

 

As of December 31, 2017

Inventory

 

$

391,658

 

$

376,063

Less: allowance for obsolescence

 

 

(335,655)

 

 

(335,655)

 

 

$

56,003

 

$

40,408