INVENTORIES

12 Months Ended

Mar. 31, 2012

NOTE 5

INVENTORIES

The Company’s inventories at March 31, 2012 and 2011 consisted of the following:

	March 31,			March 31,
	2012			2011

Raw materials	$	-		$	989,498
Work in process		-			242,100
Finished goods		4,253,368			4,187,689
Parts		-			532,027
Less: Allowance for stock obsolescence		(30,800	)		(30,800	)
Total	$	4,222,568		$	5,920,514

- 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

LianDi Clean Technology Inc. 10-K