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Long-term Inventories
 12 Months Ended
Dec. 31, 2012
Long-term Inventories  
Long-term Inventories

5.                                                        Long-term Inventories

 

 

 

December 31

 

December 31,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Finished goods

 

$

28,692

 

$

5,248,237

 

 

Long-term inventories represent H5N1 vaccines with remaining shelf lives over one year. These vaccines are for government stockpiling purposes. The amount of H1N1 vaccines with expired shelf lives was $1,098,997 as at December 31, 2012. Since government inspection has not been completed, a full provision of $1,098,997 (2011 - $nil) was recognized as cost of sales in the current year.