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INVENTORIES

3 Months Ended

Mar. 31, 2015

NOTE 4 – INVENTORIES

At March 31, 2015 and December 31, 2014 inventories consisted of the following:


	March 31,		December 31,
	2015		2014
Product Inventory: Shirts	$	5,412	$	4,319
Product Inventory: Books		40		123
Product Inventory: Clocks & Watches		909,060		769,960
Product Inventory: Art		885		885
Product Inventory: Jewelry		323		323
Product Inventory: Other Inventory		838		838
Total Inventory Balance	$	916,558	$	776,448

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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