INVENTORY

3 Months Ended

Mar. 31, 2015

NOTE 4. INVENTORY

Inventory consisted of the following:

	March 31,		December 31,
	2015		2014
Raw materials	$	833,605	$	751,095
Finished goods		7,255,555		8,125,176
Supplies		1,492,348		1,080,242
Reserve for inventory valuation		-140,709		-140,582
Total Inventory	$	9,440,799	$	9,815,931

The balance of reserve for inventory valuation as of March 31, 2015 and December 31, 2014 was $142, 107 and $4,603,929 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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