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INVENTORIES

12 Months Ended

Dec. 31, 2011

4. INVENTORIES

Inventories are stated at the lower of cost or market on a first-in, first-out basis and consist of finished goods, raw materials and packaging for the Company’s Resurgex®, Resurgex Plus®, Resurgex Select®, and Surgex™ product lines. Cost-of-goods sold are calculated using the average costing method. Inventories at December 31, 2011 and 2010 consisted of the following:

	2011			2010
Finished Goods	$	266,733		$	89,759
Work-in-process		-			-
Raw Materials		131,213			19,415
Packaging		36,648			24,627
		434,594			133,801
Less: Reserve for obsolescence		(298,500	)		(7,080	)
Total	$	136,094		$	126,721

- 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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