Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
6 Months Ended
Jun. 30, 2017
Inventory [Abstract]  
Inventory

Note 3—Inventory 

 

Inventory primarily consists of Powerstation parts used as raw materials for the Company’s EC250 and KG2 orders. Work-in-progress inventory consists of Powerstation parts and employee and contract labor assembly costs for Powerstation sub-assemblies. Sub-assemblies and parts are typically shipped to end customer locations and assembled on-site. Completed Powerstations awaiting final installation and commissioning would be carried as finished goods. There was no finished goods inventory at either June 30, 2017 or December 31, 2016. Inventories consist of:

 

   

June 30,
2017

(unaudited)

    December 31,
2016
 
Raw material and spare parts   $ 1,080,000     $ 990,000  
Work-in-progress     1,985,000       1,774,000  
Total   $ 3,065,000     $ 2,764,000