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Inventories

12 Months Ended

Dec. 31, 2011

(3) Inventories

Raw materials inventory includes mainly recycled paper and coal. Finished goods include mainly products of offset printing paper and corrugating medium paper. Inventories consisted of the following as of December 31, 2011 and 2010:

	December 31,		December 31,
	2011		2010
Raw Materials
Recycled paper board	$	5,645,449	$	3,807,678
Pulp		13,718		13,180
Recycled printed paper		589,165		593,604
Recycled white scrap paper		1,918,545		801,783
Coal		661,891		1,441,082
Base paper and other raw materials		149,306		151,269
		8,978,074		6,808,596
Finished Goods		1,029,854		613,922
Totals	$	10,007,928	$	7,422,518

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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