Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

INVENTORIES

3 Months Ended

Dec. 31, 2019

4.INVENTORIES

Inventories consist of the following:


	December 31,		September 30,
	2019		2019
Goods-in-process	$	328,500	$	328,500
Raw Material		18,147		18,147
Inventory Reserves		(146,292)		—
Total	$	200,355	$	346,647

Included in Research and development expenses for the three months ended December 31, 2019 and 2018, are inventory reserves of $146,292 and $0, respectively. In determining net realizable value, appropriate consideration is given to obsolescence, excessive levels, deterioration, and other factors in evaluating net realizable value.