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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of status of all stock options

 

 

 

Shares

 

Weighted-
Average
Exercise
Price Per
Share

 

Weighted-
Average
Remaining
Contractual
Term
(in years)

 

Aggregate
Intrinsic Value

 

Outstanding - December 31, 2013

 

216,000

 

$

6.46

 

 

 

 

 

Granted

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

Outstanding - March 31, 2014

 

216,000

 

$

6.46

 

3.33

 

$

48,953

 

Exercisable - March 31, 2014

 

192,918

 

$

6.77

 

2.65

 

$

16,320

 

Schedule of inventories

 

 

 

March 31

 

December 31

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Raw Materials

 

$

13,387,681

 

$

12,282,902

 

Work in Process

 

3,365,186

 

3,317,573

 

Finished Goods

 

2,997,134

 

2,926,512

 

Reserve

 

(955,738

)

(1,099,517

)

 

 

 

 

 

 

Total

 

$

18,794,263

 

$

17,427,470