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(9) Inventories
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
(9) Inventories

(9) Inventories

Inventories consist of component materials and finished systems. Inventories are stated at the lower of cost (first-in, first-out) or market, not in excess of net realizable value. Component material consists of certain key replacement parts for the finished systems. Inventories are as follows:

 

    December 31,   December 31,
    2012   2011
         
   Component materials    $             18,989    $             63,179
   Finished systems                 623,830              1,705,828
         
Total Inventory    $           642,819    $        1,769,007

As of December 31, 2012 and 2011, the Company has not recorded any reserve for excess and/or obsolete inventories in arriving at estimated net realizable value of its inventory.