SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of status of all stock options

	Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Outstanding - January 1, 2012	623,600		$	7.33
Forfeited	(11,250	)	$	7.83
Cancelled	(319,600	)	$	7.43
Outstanding - June 30, 2012	292,750		$	7.19	2.97	$	—
Exercisable - June 30, 2012	292,750		$	7.19	2.97	$	—

Schedule of inventories

	June 30			December 31
	2012			2011
Raw Materials	$	14,047,395		$	13,056,955
Work in Process	2,942,268			3,202,002
Finish Goods	3,260,052			3,880,764
Reserve	(1,356,211		)	(1,110,128		)
Total	$	18,893,504		$	19,029,593

Schedule of finite life intangible assets

	June 30, 2012
	Remaining	Gross
	Lives	Carrying		Accumulated		Net Book
	(Years)	Amount		Amortization		Value
Bond Issue Costs	9	$	79,373	$	31,709	$	47,664
Customer Base	0	676,557		676,557		—
Totals		$	755,930	$	708,266	$	47,664

	December 31, 2011
	Remaining	Gross
	Lives	Carrying		Accumulated		Net Book
	(Years)	Amount		Amortization		Value
Bond Issue Costs	10	$	79,373	$	29,106	$	50,267
Customer Base	1	676,557		665,277		11,280
Totals		$	755,930	$	694,383	$	61,547

Schedule of estimated future amortization expense related to assets

Remainder of 2012	$	3,000
2013	5,000
2014	5,000
2015	5,000
2016	5,000
Thereafter	25,000
Total	$	48,000