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INVENTORIES | 3 Months Ended
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Mar. 31, 2013
INVENTORIES |
3. | INVENTORIES
The following table summarizes our inventories:
|  | March 31, 2013 |  |  | December 31, 2012 |
Raw materials and supplies |  | $ | 23,934 |  |  | $ | 19,598 |
In-process inventories |  |  | 8,011 |  |  |  | 5,039 |
Finished goods and goods for resale |  |  | 122,283 |  |  |  | 152,973 |
Reserve for stock obsolescence |  |  | (2,115 | ) |  |  | (2,896 | )
Total |  | $ | 152,113 |  |  | $ | 174,714 |
Because of the nature of the products supplied by the Company, great attention is paid to inventory rotations. The number of days in inventory increased from approximately 45 days as of December 31, 2012 to approximately 53 days as of March 31, 2013. As a comparison, the number of days in inventory as of March 31, 2012 amounted to 41 days. Increase in inventory days in 2013 resulted primarily from general decline in Russian alcohol market.

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- 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. + 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 AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section A -Paragraph 9 -Chapter 3 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.6) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a, b, c -Article 5 + Details
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