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Inventories
12 Months Ended
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.