ClearPoint Neuro, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Inventory

Inventory

9 Months Ended

12 Months Ended

Sep. 30, 2012

Dec. 31, 2011

Inventory Disclosure [Text Block]

3. Inventory

Inventory consists of the following as of:

	September 30, 2012		December 31, 2011
Work in process	$	437,488	$	454,366
Software		397,000		467,000
Finished goods		105,256		47,452
Inventory included in current assets		939,744		968,818
Software license inventory		1,137,500		-
	$	2,077,244	$	968,818

3. Inventory

Inventory consists of the following as of December 31:

	2011		2010
Work in process	$	454,366	$	662,988
Software (Note 11)		467,000		664,300
Finished goods		47,452		283,154
	$	968,818	$	1,610,442

- 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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