Inventory

6 Months Ended

Jun. 30, 2011

3. Inventory

Inventory, consisting of materials, labor and manufacturing overhead, is stated at the lower of cost (first-in, first-out) or market and consisted of the following at:


	June 30,			December 31,
	2011			2010
Raw Materials	$	4,675,000		$	3,898,000
Work In Progress		187,000			872,000
Finished Goods		297,000			314,000
Reserve for Obsolescence		(654,000	)		(629,000	)

Total	$	4,505,000		$	4,455,000

Inventory write-offs were $179,000 and $0 for the six months ended June 30, 2011 and 2010, respectively.

- 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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