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

Quarterly report pursuant to Section 13 or 15(d)

NOTE E - INVENTORY

NOTE E - INVENTORY

3 Months Ended

Mar. 31, 2012

NOTE E – INVENTORY

Components of inventories as of March 31, 2012 and December 31, 2011 are as follows:

	March 31, 2012			December31, 2011
Finished goods	$	951,011		$	387,210
Reserve for obsolescence		(75,000	)		(65,000	)
Inventory, net	$	876,011		$	322,210

- 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.

+ References + Details