| Inventory |
Note 3. Inventory
The components of inventory consist of the following at September 30, 2017 and 2016:
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2017
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2016
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FC2
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Raw material
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$
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530,384
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$
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670,802
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Work in process
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90,164
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—
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Finished goods
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2,427,386
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1,834,958
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Inventory, gross
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3,047,934
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2,505,760
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Less: inventory reserves
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(312,997)
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(13,116)
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FC2, net
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$
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2,734,937
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$
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2,492,644
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PREBOOST®
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Finished goods
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32,987
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—
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Inventory, net
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$
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2,767,924
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$
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2,492,644
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The change in the inventory reserve for the years ended September 30 is as follows:
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Balance at
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Charged to Costs
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Balance at
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Year
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October 1
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and Expenses
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Write-offs
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September 30
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2015
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$
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60,873
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$
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173,634
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$
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(194,755)
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$
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39,752
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2016
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$
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39,752
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$
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(8,630)
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$
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(18,006)
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$
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13,116
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2017
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$
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13,116
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$
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345,179
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$
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(45,298)
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$
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312,997
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