XML 50 R10.htm IDEA: XBRL DOCUMENT

INVENTORY

3 Months Ended

Jun. 30, 2012

NOTE 4 - INVENTORY

Inventory consists of finished goods, work-in-process, and raw materials. No allowance for inventory was made for the three months ended June 30, 2012 and 2011.

The components of inventories as of June 30, 2012 and March 31, 2012 were as follows:

	Period Ended
	June 30, 2012		March 31, 2012
Raw materials	$	750,363	$	272,873
Work-in-progress		1,307,284		414,390
Finished goods		702,457		1,291,225
Total Inventories	$	2,760,104	$	1,978,488

- 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