XML 40 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Inventories
12 Months Ended
Dec. 31, 2011
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]

7. Inventories

 

Inventories are stated at the lower of cost or market. Cost is determined using standard costs which approximate costing determined on a first-in, first out basis. Standard costs are reviewed and adjusted periodically and at year end based on actual direct and indirect production costs. On a periodic basis, the Company reviews its inventory for estimated obsolescence or unmarketable items, primarily by reviewing future demand requirements and shelf life of the product.

 

Inventories are comprised of the following:

 

    December 31, 2011     December 31, 2010
Raw materials $  3,027,000   $ 2,588,000
Work in Process   1,503,000     685,000
Finished Goods    9,193,000     7,471,000
Allowance for excess quantities   (384,000)     (376,000)
Total inventories $  13,339,000   $ 10,368,000