Yes. The inventory went up from $6,580 in Q3/2023 to $6,884 in Q4/2023, but then has remained stable at $6,884 in Q1/2024.
If KBLB shipped silk to Spydasilk, the silk might not be considered to be “inventory” in the sense of it sitting in their warehouse, but it is still an asset that KBLB would need to show somehow on their financial report. My guess is they would continue to show it as ‘inventory,’ but it would have to be accounted for somehow.
Conclusion: no silk was produced in Q1, 2024. Not one single kilo.
Oops.