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Inventory
9 Months Ended
Sep. 30, 2012
Notes  
Inventory

5.  Inventories are stated at the lower of cost or net realizable value, cost being determined by the first-in, first-out method.  A summary of inventories is as follows: 

 

 

September 30, 2012

 

December 31, 2011

Raw material

$              2,032,904

 

$                2,016,032

Work-In-Process

                2,203,712

 

                  1,984,368

Finished Goods

                1,568,745

 

                  1,760,640

Inventory, Gross

                5,805,361

 

                  5,761,040

Less: Valuation reserves

                 (590,600)

 

                   (549,000)

Inventory, Net

$              5,214,761

 

 $               5,212,040