3. Inventory |
12 Months Ended |
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Dec. 31, 2016 | |
| Notes to Financial Statements | |
| Note 3. Inventory |
During the year ended December 31, 2014, the Company began the production of equipment to be sold to its customers. As of December 31, 2016 and 2015, respectively, costs totaling $0 and $2,219,476 respectively, were incurred for component purchases and progress billings from subcontractors on projects that have not yet been commissioned for use by our customers. These costs will be recorded as cost of sales at that time. The Company also held product supply inventory valued at $414,384 and $285,067 and other inventory valued at $194,688 and $211,370 as of December 31, 2016 and December 31, 2015, respectively. |
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- References No definition available.
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- Definition 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
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