Inventories

3 Months Ended

Mar. 31, 2013

(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 March 31, 2013 and December 31, 2012:

	March 31, 2013		December 31, 2012
Raw Materials
Recycled paper board	$	10,502,155	$	11,274,383
Pulp		13,906		13,813
Recycled printed paper		922,383		884,236
Recycled white scrap paper		1,204,105		766,144
Coal		292,397		621,107
Base paper and other raw materials		171,570		225,912
		13,106,516		13,785,595
Finished Goods		1,428,074		1,318,506
Totals	$	14,534,590	$	15,104,101

- 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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