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Inventories

6 Months Ended

Jun. 30, 2014

(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 June 30, 2014 and December 31, 2013:

	June 30,		December 31,
	2014		2013
Raw Materials
Recycled paper board	$	8,219,702	$	8,004,988
Pulp		14,163		14,257
Recycled white scrap paper		3,005,408		1,791,873
Coal		711,547		573,799
Base paper and other raw materials		139,249		212,984
		12,090,069		10,597,901
Finished Goods		886,407		830,504
Totals	$	12,976,476	$	11,428,405

- 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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