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Inventories

12 Months Ended

Dec. 31, 2014

Note 3 – Inventories

A summary of inventories at December 31, 2014 and 2013 is as follows:

	2014		2013

Jewelry	$	9,755,580	$	7,593,041
Scrap gold		536,181		514,622
Bullion		493,368		933,988
Rare coins and Other		359,028		950,505
	$	11,144,157	$	9,992,156

- 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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