Inventory

3 Months Ended

Jun. 30, 2012

Inventory:

Inventory

5.  Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method.  A summary of inventories is as follows: 

	June 30, 2012	December 31, 2011
Raw material	$              1,969,458	$                2,016,032
Work-In-Process	1,965,002	1,984,368
Finished Goods	1,868,018	1,760,640
Inventory, Gross	5,802,478	5,761,040
Less: Valuation reserves	(575,000)	(549,000)
Inventory, Net	$              5,227,478	$               5,212,040