INVENTORIES - Note 6

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

INVENTORIES - Note 6

NOTE 6 — INVENTORIES

Inventories, by major categories, as of March 31, 2012 and December 31, 2011 were as follows:

	March 31, 2012		December 31, 2011
	(Unaudited)		(Audited)
Raw materials	$	1,608,962	$	1,574,759
Finished goods		1,393,983		1,502,197
		3,002,945		3,076,956
Less: Allowance for obsolete inventories		(33,650)		(6,956)
Inventories, net	$	2,969,295	$	3,070,000