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INVENTORIES
12 Months Ended
Dec. 31, 2017
INVENTORIES  
INVENTORIES

 

5. INVENTORIES

        Inventories consist of the following:

                                                                                                                                                                                    

 

 

At December 31,
2016

 

At December 31,
2017

 

 

 

$

 

$

 

Raw materials

 

 

71,655

 

 

90,299

 

Work-in-process

 

 

22,776

 

 

59,576

 

Finished goods

 

 

200,940

 

 

196,217

 

​  

​  

​  

​  

 

 

 

295,371

 

 

346,092

 

​  

​  

​  

​  

​  

​  

​  

​  

        In 2015, inventory was written down by $23,013 to reflect the lower of cost or market measurement. In 2016 and 2017, inventory was written down by $19,467 and $17,820, respectively, to reflect the lower of cost and net realizable value since the Company adopted ASU 2015-11 prospectively.