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Inventory

6 Months Ended

Jun. 30, 2017

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: 

	June 30, 2017		December 31, 2016
Raw material	$              1,879,625		$                1,675,143
Work-In-Process	1,703,145		1,684,321
Finished Goods	1,944,503		1,740,229
Inventory, Gross	5,527,273		5,099,693
Valuation reserves	(531,430)		(562,000)
Inventory, Net	$              4,995,843		$               4,537,693

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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