XML 19 R9.htm IDEA: XBRL DOCUMENT

Inventories

12 Months Ended

Dec. 31, 2011

Note 3 - Inventories

Inventories are priced at the lower of cost or market and consist primarily of raw materials, parts for assembling our finished products and finished products.

As of December 31, 2011 and 2010, our inventories consisted of:

	December 31, 2011		December 31, 2010

Finished products	$	1,032,798	$	104,754
Parts		13,790		-
Production materials		481,903		35,840
Total inventories	$	1,528,491	$	140,594

Since we engage third-party contract manufacturers to produce our finished products, and in certain situations we provide them the raw materials, our inventories at December 31, 2011 and 2010 are located at the third-party contract manufacturing locations. We carry adequate insurance for loss on this inventory.

- 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.

+ References+ Details