Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Inventory

v3.22.2.2
Note 6 - Inventory
6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Inventory Disclosure [Text Block]

6.

Inventory, Net

 

The components of inventory, net as of June 30, 2022 and December 31, 2021 are as follows:

 

   

June 30,

2022

   

December 31,
2021

 

Materials

  $ 193,806     $ 50,000  

Finished goods

    123,066       101,155  

Reserve for obsolete finished goods

    (1,202

)

     

Total inventory, net

  $ 315,670     $ 151,155  

 

During the three-month and six-month periods ended June 30, 2021, we allocated approximately $1,000 and $5,000, respectively, of finished goods inventory for use in clinical trials. These transactions were recorded in research and development expense in the condensed consolidated statements of operations. No inventory was allocated for use in clinical trials during the three-month and six-month periods ended June 30, 2022.