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Inventories

12 Months Ended

Dec. 31, 2012

Inventory Disclosure [Abstract]

NOTE 4 – INVENTORIES

Inventories consisted of the following at December 31, 2012 and 2011:


	2012			2011
Raw materials	$	247,914		$	249,232
Work in progress		993,343			1,135,834
Finished goods		43,304			80,227
	$	1,284,561		$	1,465,293

Included in inventories are the various pellet holders and housings involved in target fabrication, raw cobalt, nickel and other raw elements, completed flood sources and irradiated cobalt and nuclear medicine related supplies and products.

Work in progress includes cobalt-60 isotopes that are located in the U.S. federal government’s Advanced Test Reactor (ATR) located outside of Idaho Falls, Idaho. These isotopes are at various stages of irradiation. Some isotopes are near completion and others may require up to three years to complete. At December 31, 2012 and 2011, these isotopes had a carrying value of $830,137 and $717,352, respectively. This value is based on accumulated costs which are allocated based on the length of time isotopes remain in the reactor.

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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