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Inventory
3 Months Ended
Mar. 31, 2013
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: 

 

 

March 31, 2013

 

December 31, 2012

Raw material

$              2,095,188

 

$                2,009,691

Work-In-Process

                2,263,903

 

                  1,869,830

Finished Goods

                1,485,401

 

                  1,606,851

Inventory, Gross

                5,844,492

 

                  5,486,372

Valuation reserves

                   560,000

 

                     550,000

Inventory, Net

$              5,284,492

 

 $               4,936,372