Notes to the financial statements
2. Summary of significant accounting policies
The financial statements have been prepared on a going-concern basis and in accordance with generally accepted accounting principles.
Cash and Cash Equivalents: Balances in checking and savings accounts, as well as any investments that will mature within 3 months or less. Accounts receivable are recorded at invoiced amounts and do not bear interest.
Inventories are stated at the lower of cost and net realizable value, determined on a first-in, first-out basis.



















