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INVENTORY

6 Months Ended

12 Months Ended

Jun. 30, 2012

Dec. 31, 2011

Inventory Disclosure [Abstract]

Note 4. INVENTORY

The components of inventory at December 31, 2011 consisted of the following:

Raw Materials		$	5,209,000
Work In Progress			12,094,000
Finished Goods			7,021,000
Inventory Reserve			(1,803,000	)
Total Inventory		$	22,521,000

Note 4. INVENTORY

The components of inventory at December 31, consisted of the following:

		December 31,				December 31,
		2011				2010

Raw Materials		$	5,209,000			$	5,523,000
Work In Progress			12,094,000				10,692,000
Finished Goods			7,021,000				7,299,000
Inventory Reserve			(1,803,000	)			(2,071,000	)
Total Inventory		$	22,521,000			$	21,443,000

The Company periodically evaluates inventory and establishes reserves for obsolescence, excess quantities, slow-moving goods, and for other impairment of value. During the year ended December 31, 2010, the Company increased its reserve by approximately $1,157,000 for slow-moving inventory that the Company determined may no longer have any value. The increase is specifically identified in Cost of Goods Sold.

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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