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2. INVENTORY (Tables)

6 Months Ended

Jun. 30, 2014

INVENTORY (Tables)

Inventory consists

		June 30,				December 31,
		2014				2013
Raw materials		$	24,248,940			$	28,259,707
Work in process			1,164,355				853,602
Finished goods			3,516,300				3,590,937
			28,929,595				32,704,246
Obsolescence reserve			(7,968,701	)			(8,027,126	)
Total Inventory		$	20,960,894			$	24,677,120

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 2

-Paragraph 6

-Subparagraph a,b,c

-Article 5

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