Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.7.0.1
Inventories
 3 Months Ended
Mar. 31, 2017
Inventory Disclosure [Abstract]  
Inventories
Inventories
 
Inventories, net consisted of the following:
 
 
March 31, 2017
 
December 31,
2016
 
 
(unaudited)
 
 
Raw materials
 
$
340,138

 
$
363,195

Finished goods
 
896,856

 
941,921

 
 
1,236,994

 
1,305,116

Reserve for obsolescence
 
(385,131
)
 
(59,969
)
 
 
$
851,863

 
$
1,245,147


  
During the three months ended March 31, 2017, the Company recorded a non-cash inventory reserve of $349,216 related to excess finished goods inventory of its 125kW battery converter and its end-of-life IBC-30 battery converter.