Annual report pursuant to Section 13 and 15(d)

Inventory, Net

Inventory, Net

12 Months Ended

Dec. 31, 2011

3. Inventory, net

Inventory, net consists of the following as of December 31, 2011 and 2010:


	2011			2010
Finished goods	$	411,724		$	368,101
Consignment		29,147			64,999
Work-in-process		58,599			71,996
Raw materials		41,336			17,346

Total inventory		540,806			522,442
Less: inventory reserve		(65,214	)		(255,814	)

	$	475,592		$	266,628

- 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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