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Inventories

12 Months Ended

Dec. 31, 2012

INVENTORIES

At December 31, 2012 and 2011, inventories consist of the following:



	2012		2011
Raw materials and bulk products	$	176,872	$	373,409
Packaging materials	364,258		346,844
Finished goods	4,543,770		5,728,681
	$	5,084,900	$	6,448,934

Inventories are stated at the lower of cost or market. The Company reviews products based on expiration date and expected rate of sale to determine if the expected net realizable value of products are less than cost. A valuation reserve is established to reduce the carrying value of those products to their net realizable value. The valuation reserve was $290,000 and $197,000 at December 31, 2012 and December 31, 2012, respectively.

- 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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