Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
9 Months Ended
Sep. 30, 2018
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 as of September 30, 2018 and December 31, 2017. Inventories consist of:

 

    September 30,
2018
(unaudited)
    December 31,
2017
 
Raw material and spare parts   $ 954,000     $ 953,000  
Work-in-progress     2,093,000       2,075,000  
Total   $ 3,047,000     $ 3,028,000