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INVENTORIES

12 Months Ended

Dec. 31, 2016

INVENTORIES [Abstract]

INVENTORIES

7. INVENTORIES

Inventories consist of the following:

		December 31,
		2015			2016
Raw materials		$	2,343,104		$	2,947,296
Work-in-process			5,626,531			4,878,905
Finished goods			2,746,304			4,454,499
Total		$	10,715,939		$	12,280,700

Inventory write-down was $175,568, $62,422 and nil for the years ended December 31, 2014, 2015 and 2016, respectively. 

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- References

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

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