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3. INVENTORIES

6 Months Ended

Jun. 30, 2012

3.

INVENTORIES

Inventories are comprised of the following:

	June 30,			December 31,			June 30,
	2012			2011			2011
	(Unaudited)						(Unaudited)

Raw materials	$	12,792,812		$	8,303,064		$	9,932,926
Work-in-process		993,791			476,991			609,292
Finished goods		60,371,168			56,342,273			63,993,280
Reserve for obsolescence or
lower of cost or market		(108,850	)		(103,280	)		(143,632	)

Total	$	74,048,921		$	65,019,048		$	74,391,866

- 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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