Annual report pursuant to Section 13 and 15(d)

Note 7 - Inventory

v3.22.1
Note 7 - Inventory
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Inventory Disclosure [Text Block]

7.

Inventory

 

The components of net inventory as of December 31, 2021 and 2020 are presented in the following table.

 

   

December 31,

2021

   

December 31,

2020

 

Materials

  $ 50,000     $ 77,750  

Finished goods

    101,155       92,048  

Total inventory

  $ 151,155     $ 169,798  

 

During 2021 and 2020, we utilized $28,000 and $11,000, respectively, of materials inventory for process development purposes. Also during 2021 and 2020, we allocated $0 and $39,000, respectively, of finished goods inventory for use in clinical trials. These transactions were recorded in research and development expense in the consolidated statement of operations.