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Inventory
9 Months Ended
Sep. 30, 2011
Inventory 
Inventory Disclosure [Text Block]

 

(5)   Inventories

 

Inventories consisted of the following at September 30, 2011 and December 31, 2010:

 

 

September 30,

2011

 

December 31,

2010

Raw materials

$

249,929 

 

$

260,972 

Work in progress

 

1,216,279 

 

 

1,388,550 

Finished goods

 

109,065 

 

 

32,318 

 

$

1,575,273 

 

$

1,681,840 

 

Work in progress includes cobalt-60 which is located in the U.S. federal government’s Advanced Test Reactor (ATR) located outside of Idaho Falls, Idaho.  The cobalt is at various stages of irradiation with some cobalt near completion and some cobalt requiring several more years to complete.  At September 30, 2011 and December 31, 2010, the cobalt had a carrying value of $886,882 and $1,007,056, respectively, which is based on accumulated costs allocated based on the length of time the cobalt remains in the reactor.