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

Note 3 - Inventory

v2.4.1.9
Note 3 - Inventory
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Inventory Disclosure [Abstract]    
Inventory Disclosure [Text Block]

3.

Inventory, Net


Inventory consists of the following as of: 


   

September 30,

   

December 31,

 
   

2014

   

2013

 

Work in process

  $ 1,025,530     $ 673,860  

Software license inventory

    385,000       385,000  

Finished goods

    845,309       418,301  

Inventory included in current assets

    2,255,839       1,477,161  

Software license inventory

    892,500       927,500  
    $ 3,148,339     $ 2,404,661  

3.     Inventory


Inventory consists of the following as of December 31:


   

2013

   

2012

 

Work in process

  $ 673,860     $ 494,290  

Software license inventory

    385,000       344,500  

Finished goods

    418,301       60,912  

Inventory included in current assets

    1,477,161       899,702  

Software license inventory

    927,500       1,137,500  
    $ 2,404,661     $ 2,037,202