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3. INVENTORIES

9 Months Ended

Sep. 30, 2013

3.

INVENTORIES

Inventories are comprised of the following:

	September 30,			December 31,			September 30,
	2013			2012			2012
	(Unaudited)						(Unaudited)
Raw materials	$	12,196,363		$	10,611,641		$	11,569,388
Work-in-process		752,869			407,262			923,646
Finished goods		66,070,208			56,359,742			60,642,767
Reserve for obsolescence or lower of cost or market		(119,300	)		(182,400	)		(107,200	)
Total	$	78,900,140		$	67,196,245		$	73,028,601

- 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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