Nature of Business and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2012

Nature Of Business And Significant Accounting Policies Tables

Inventories

The amounts of major classes of inventory for the periods ended June 30, 2012 and December 31, 2011 are as follows:

	June 30, 2012		December 31, 2011
Reference standards	$	1,515,592	$	1,459,330
Bulk ingredients		178,584		174,847
Dietary supplements – raw materials		1,059,471		709,476
Dietary supplements – work in process		38,295		38,293
Dietary supplements – finished goods		2,714,855		750,654
		5,506,797		3,132,600
Less valuation allowance		253,000		227,000
	$	5,253,797	$	2,905,600

Earnings per share

Below is a tabulation of the potentially dilutive securities that were “in the money” for the three and six month periods ended June 30, 2012 and July 2, 2011.

	Three Months Ended				Six Months Ended
	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Basic weighted average common shares outstanding		91,362,664		65,001,979		88,034,429		63,973,139
Warrants and options in the money, net		5,693,386		14,532,466		6,101,236		15,183,686
Weighted average common shares outstanding assuming dilution		97,056,050		79,534,445		94,135,665		79,156,825