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Inventories, Net

9 Months Ended

Sep. 30, 2013

3. INVENTORIES, NET

Inventories as of September 30, 2013 and December 31, 2012 consisted of the following:

	September 30,			December 31,
	2013			2012
	(Unaudited)

Raw materials	$	1,163,886		$	636,319
Finished goods		325,688			576,509
Work in pogress		150,577			210,625
Packaging material		52,178			33,109
Less: Inventory allowance		(43,099	)		(41,962	)
	$	1,649,230		$	1,414,600

- 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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