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INVENTORY, NET

9 Months Ended

Jul. 31, 2011

7. INVENTORY, NET

The inventory amounts included in the condensed consolidated balance sheets for as at July 31, 2011 and October 31, 2010 comprised of:

	2011			2010
	US$			US$

Raw materials		3,779,437			1,951,185
Work-in-progress		1,310,985			52,411
Finished goods		1,610,946			707,648
Less: Inventory reserves		(68,074	)		(65,628	)
Inventory, net		6,633,294			2,645,616

- 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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