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Inventories

12 Months Ended

Dec. 31, 2013

Note 5 - 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.

Our inventories consisted of:

	December 31,		December 31,
	2013		2012

Finished products	$	2,930,753	$	2,509,797
Production materials		1,024,762		579,156
Total inventories	$	3,955,515	$	3,088,953

Since we engaged third-party contract manufacturers to produce our finished products in the past, certain finished inventories at December 31, 2013 and 2012 are located at the third-party contract manufacturing locations. We carry 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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