Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

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INVENTORY
6 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
INVENTORY

NOTE 4 – INVENTORY

 

Inventory is stated at the lower of cost or market value. Cost is determined on a standard cost basis that approximates the first-in, first-out (FIFO) method.

 

Inventory at June 30, 2016 and December 31, 2015 consists of the following:

 

    June 30, 2016     December 31, 2015  
Vaporizers and accessories   $        $ 81,934  
CBD Oil     32,300       35,889  
Light Bulbs for cultivation centers           33,000  
                 
Total inventory, net   $ 32,300     $ 150,823  

 

The Company did not write down any slow moving or obsolete inventory during the six months ended June 30, 2016 and 2015.