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Inventory

12 Months Ended

Dec. 31, 2014

4.	INVENTORY

Inventory consisted of the following:

	As of December 31,				Increase
	2014		2013		(Decrease)
Raw materials	$	306,444	$	270,355	$	36,089
Work-in-process		355,745		783,060		(427,315	)
Finished goods		283,566		153,093		130,473
Total	$	945,755	$	1,206,508	($	260,753	)

- 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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