2016 1st Quarter Thank you goldpolka.
I just browsed through the report and notice the inventory has increased $350,000 over last year's 1st. This seems like poor management for a struggling company to increase inventory which already seemed too high for the sales volume. Why are they making it if they can't sell it? why aren't they reducing inventory?
As I've said earlier, I'm concerned, or would be if I was still an owner, that this inventory is made up of unsellable products like the buttbuster and obsoleted detonators that are being carried at full re-sale value. If this is the case, the auditors will catch it one day or there'll have to be a major writedown of the +$5million showing on the books.