Annual report pursuant to Section 13 and 15(d)

Note 7 - Inventory

v3.21.1
Note 7 - Inventory
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Inventory Disclosure [Text Block]
7.
Inventory
 
The components of net inventory at
December 31, 2020
are as follows:
 
   
2020
 
Materials
  $
77,750
 
Finished goods
   
92,048
 
    $
169,798
 
 
During
2020,
we utilized
$11,000
of materials inventory for process development purposes. Also during
2020,
we allocated
$39,000
of finished goods inventory for use in clinical trials. Both of these transactions were recorded in research and development expense in the consolidated statement of operations. See Note
1
(h).