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INVENTORIES

6 Months Ended

Jun. 30, 2011

NOTE 5 – INVENTORIES

Inventories consist of the following as of:

	June 30,		December 31,
	2011		2010
	(Unaudited)
Raw material	$	201,724	$	61,746
Work in process		1,356,636		926,857
Finished goods		213,293		210,496
Total	$	1,771,653	$	1,199,099

At June 30, 2011 and December 31, 2010, there were no reserves for inventories recorded.

- 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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