XML 14 R10.htm IDEA: XBRL DOCUMENT

4. Inventories

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Notes to Financial Statements

Inventory consists of the following at September 30, 2013 and December 31, 2012:

		September 30, 2013				December 31, 2012
Raw materials		$	192,096			$	398,510
Work in progress			150,784				116,319
Finished goods			66,315				141,568
Total		$	409,195			$	656,397

During the nine months ended September 30, 2012, the Company recorded a nonreciprocal, non-monetary receipt of inventory in the amount of $87,215. This amount was also recorded as Other Income in the Statement of Operations during the nine month period ended September 30, 2012. The transaction was accounted for at fair value on the date the inventory was received.

Inventories consist of the following at December 31, 2012 and 2011:

		2012				2011
Raw materials		$	398,510			$	173,510
Work in progress			116,319				11,768
Finished goods			141,568				320,678
Total		$	656,397			$	505,956

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