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INVENTORY (TABLES)

3 Months Ended

Mar. 31, 2015

INVENTORY (Tables)

Inventory consists

Inventory consisted of the following: 

		March 31,				December 31,
		2015				2014
Raw materials		$	18,779,245			$	18,819,570
Work in process			-				-
Finished goods			3,739,083				3,436,330
			22,518,328				22,255,900
Obsolescence reserve			(7,169,389	)			(6,934,044	)
Total Inventory		$	15,348,939			$	15,321,856

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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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