Inventories

12 Months Ended

Dec. 31, 2012

(4) Inventories

Raw materials inventory includes mainly recycled paper and coal. Finished goods include mainly products of corrugating medium paper and offset printing paper. Inventories consisted of the following as of December 31, 2012 and 2011:

	December 31,		December 31,
	2012		2011
Raw Materials
Recycled paper board	$	11,274,383	$	5,645,449
Pulp		13,813		13,718
Recycled printed paper		884,236		589,165
Recycled white scrap paper		766,144		1,918,545
Coal		621,107		661,891
Base paper and other raw materials		225,912		149,306
		13,785,595		8,978,074
Finished Goods		1,318,506		1,029,854
Totals	$	15,104,101	$	10,007,928

- 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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