Quarterly report pursuant to Section 13 or 15(d)

E. INVENTORIES

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E. INVENTORIES
6 Months Ended
Jun. 30, 2013
Inventory Disclosure [Abstract]  
NOTE E - INVENTORY

Components of inventories as of June 30, 2013 and December 31, 2012 are as follows:

 

    June 30,
2013
    December 31,
2012
 
Merchandise purchased for resale   $ 1,008,086     $ 768,812  
Reserve for obsolescence     (94,300 )     (113,900 )
Inventory, net   $ 913,786     $ 654,912