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3.INVENTORIES

3 Months Ended

Mar. 31, 2012

Inventory Disclosure [Text Block]

3. INVENTORIES

Inventories are comprised of the following:

		March 31,				December 31,				March 31,
		2012				2011				2011
		(Unaudited)								(Unaudited)
Raw materials		$	10,998,966			$	8,303,064			$	10,759,817
Work-in-process			628,803				476,991				847,197
Finished goods			52,601,357				56,342,273				50,192,066
Reserve for obsolescence or
lower of cost or market			(115,780	)			(103,280	)			(144,240	)
Total		$	64,113,346			$	65,019,048			$	61,654,840

X

- Definition

This element represents the complete disclosure related to 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 3

-Section A

-Paragraph 9



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 6

-Subparagraph a, b, c

-Article 5

+ Details

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