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Inventories

3 Months Ended

Mar. 31, 2013

4.	Inventories

Inventories are valued at the lower of cost or market determined based on the first in first out method and include the following:

	March 31, 2013		December 31, 2012
Finished goods	$	8,737,862	$	9,574,685
Work in process		568,215		554,129
Packaging materials		1,028,017		991,157
Raw materials		2,918,128		2,550,617
Total inventory	$	13,252,222	$	13,670,588

- 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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