Quarterly report pursuant to Section 13 or 15(d)

9. Inventory

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9. Inventory
3 Months Ended
Mar. 31, 2018
Inventory Disclosure [Abstract]  
Inventory

Note 9:          Inventories

 

Inventories, consisting principally of appliances, are stated at the lower of cost, determined on a specific identification basis, or net realizable value and consist of:

 

    March 31,
2018
    December 30,
2017
 
Appliances held for resale   $ 1,154     $ 762  
                 

 

We provide estimated provisions for the obsolescence of our appliance inventories, including adjustments to net realizable value, based on various factors, including the age of such inventory and our management’s assessment of the need for such provisions. We look at historical inventory aging’s and margin analysis in determining our provision estimate.  A revised cost basis is used once a provision for obsolescence is recorded. For the period ended March 31, 2018 and December 30, 2017, there was no inventory obsolescence reserve.