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INVENTORY

9 Months Ended

Sep. 30, 2013

NOTE 4 – INVENTORY

At September 30, 2013 and December 31, 2012, inventory consists of the following:

	9/30/2013		12/31/2012
Raw materials	$	127,228	$	42,831
Packaging		9,614		1,873
Work-in-process		37,588		64,170
Finished goods - Food		509,063		161,843
Finished goods - Industrial		760,808		198,585

	$	1,444,301	$	469,302

- 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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