Note 3

Inventories:

Set forth below is a detailed listing of inventories:

	September 30, 2011		December 31, 2010
	(unaudited)
Raw materials and work in progress	$	5,060,188	$	4,114,505
Finished goods		2,517,605		2,026,674
Total inventories	$	7,577,793	$	6,141,179

Work-in-process is immaterial, given the Company's typically short manufacturing cycle, and therefore is disclosed in conjunction with raw materials. As of September 30, 2011 and December 31, 2010, the Company carried specific reserves for excess and obsolete stocks against its inventories of $1,090,832 and $1,734,161, respectively.