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Inventories

6 Months Ended

Jun. 30, 2012

Note 3 – Inventories

Inventories are priced at the lower of cost or market and consist primarily of raw materials and finished products. No material adjustment has been made to the cost of finished products inventories as of June 30, 2012 and December 31, 2011.

	June 30, 2012		December 31, 2011

Finished products	$	2,152,193	$	1,032,798
Production materials		205,575		495,693
Total inventories	$	2,357,768	$	1,528,491

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 June 30, 2012 and December 31, 2011 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.

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