Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Inventory, Net

v3.23.1
Note 6 - Inventory, Net
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Inventory Disclosure [Text Block]

6.

Inventory, Net

 

The components of inventory, net as of March 31, 2023 and December 31, 2022 are as follows:

 

   

March 31,

2023

   

December 31.

2022

 

Materials

  $ 27,405     $ 27,405  

Work in process

    433,231       399,939  

Finished goods

    131,804       131,804  

Reserve for expiring finished goods

    (131,804

)

    (131,804

)

Total inventory, net

  $ 460,636     $ 427,344  

 

During the three-month periods ended March 31, 2023 and 2022, we allocated $0 and $4,054, 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.