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Inventory

12 Months Ended

Dec. 31, 2013

(5) Inventory

Inventories are stated at lower of cost or market. Cost is determined using the first-in, first-out method. Inventory consisted of the following:

	December 31, 2013		December 31, 2012

Raw material and supplies	$	2,640,842	$	—
Work in process		339,581		—
Finished goods		15,753,871		—


	$	18,734,294	$	—

Our reserve for inventory obsolesence at December 31, 2013 and 2012 totaled at $124,000 and 0, respectively.

- 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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