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Inventories

12 Months Ended

Dec. 31, 2014

Note 5 - Inventories

Inventories are priced at the lower of cost or market and consist primarily of raw materials, parts for assembling our finished products and finished products.

Our inventories at December 31, 2014 and 2013, consisted of:

	2014		2013

Finished products	$	5,202,608	$	2,930,753
Production materials		777,849		1,024,762
Total inventories	$	5,980,457	$	3,955,515

From time to time we engage third-party contract manufacturers and fabricators to produce our finished products, therefore certain finished inventories at December 31, 2014 and 2013 may be located at the third-party locations. We carry insurance for loss on this inventory.

- 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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