Annual report pursuant to section 13 and 15(d)

INVENTORIES (Tables)

v2.4.0.6
INVENTORIES (Tables)
12 Months Ended
Dec. 31, 2012
Components of Inventories

Inventories which are purchased from third parties consist of the following:

 

     December 31,  
     2012     2011  

Raw materials

   $ 1,552,267      $ 1,708,642   

Finished goods

     2,693,439        2,163,820   
  

 

 

   

 

 

 
     4,245,706        3,872,462   

Less provision for obsolescence

     (1,669,253     (895,415
  

 

 

   

 

 

 

Net inventories

   $ 2,576,453      $ 2,977,047