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(6) Inventories
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
(6) Inventories

(6) 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:

    March 31,   December 31,
    2013   2012
         
   Component materials    $             16,325    $             18,989
   Finished systems              1,051,852                 623,830
         
Total Inventory    $        1,068,177    $           642,819

As of March 31, 2013 and December 31, 2012, the Company has not recorded any reserve for excess and/or obsolete inventories in arriving at estimated net realizable value of its inventory.