Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.20.2
Inventory
 9 Months Ended
Sep. 30, 2020
Inventory  
Note - 5 Inventory

5.

Inventory

 

 

The Company’s inventory consists of the following:

  

 

 

September 30, 2020

 

 

December 31, 2019

 

 

 

 

 

 

 

 

In-process inventory

 

 

 -

 

 

 

 -

 

Plant inventory

 

 

 268

 

 

 

 -

 

Conversion facility inventory

 

 

 7,351

 

 

 

 7,426

 

 

 

 

 7,619

 

 

 

 7,426

 

 

 

 

 

 

 

 

 

 

Current portion of inventory

 

 

 7,619

 

 

 

 -

 

Long-term portion of inventory

 

 

 -

 

 

 

 7,426

 

 

 

 

 7,619

 

 

 

 7,426

 

Using lower of cost or net realizable value (“NRV”) calculations, the Company reduced the inventory valuation by $1,840 and $6,296 for the three months and nine ended September 30, 2020, respectively, and $10,263 for the year ended December 31, 2019.