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Inventories

3 Months Ended

Mar. 31, 2015

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, 2015		December 31, 2014
Finished goods	$	10,845,866	$	8,386,356
Work in process		594,874		838,679
Packaging materials		1,379,312		1,343,927
Raw materials		3,021,137		2,711,978
Total inventory	$	15,841,189	$	13,280,940

- 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.

+ References+ Details