Telkonet, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

E. INVENTORIES

E. INVENTORIES

6 Months Ended

Jun. 30, 2013

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

- 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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