|12 Months Ended|
Dec. 31, 2017
|Inventory Disclosure [Abstract]|
Note 4 Inventories
Inventories, net consisted of the following:
In 2017, the Company recorded a net charge of $673,102 for excess and obsolete inventory in connection with the end-of-life of the Company’s legacy products. The excess and obsolete inventory charge was net of a cash recovery of $12,891 for inventory that was reserved in the year ended December 31, 2016. The net charge is reflected within the cost of product revenue line item of the statement of operations. In 2017, the Company also recorded a non-cash charge of $74,792 in connection with the write-down of component inventory utilized in research and development activities. This charge is reflected within the research and development line item of the statement of operations.
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
Reference 1: http://www.xbrl.org/2003/role/presentationRef