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Inventories | 12 Months Ended
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Dec. 31, 2017
Inventories [Abstract] |
INVENTORIES |
8. | INVENTORIES
Inventories as of December 31, 2017 and 2016 consist of the following:
|  | 2017 |  |  | 2016 |
Raw materials | $ | 184,490 |  |  |  | $ | 80,839 |
Work in progress |  | 127,530 |  |  |  |  | 33,012 |
Finished goods |  | 1,905,782 |  |  |  |  | 23,065 |
Total inventories | $ | 2,217,802 |  |  |  | $ | 136,916 |
During the years ended December 31, 2017, 2016 and 2015, (reversals of write-downs) and write-downs of inventories to lower of cost or net realizable value of $(73,860), $2,450,213 and $16,203, respectively, were (credited against) charged to costs of revenue in relation to its continuing operations. During the years ended December 31, 2016 and 2015, the Company recorded write-own of inventories in relation to its discontinued operations amounted to $nil and $1,934,836 respectively.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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