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Inventories | 12 Months Ended
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Dec. 31, 2018
Inventory Disclosure [Abstract] |
INVENTORIES |
6. | INVENTORIES
Inventories as of December 31, 2018 and 2017 consist of the following:
|  | 2018 |  |  | 2017 |
Raw materials |  | $ | 27,638 |  |  | $ | 184,490 |
Work in progress |  |  | 902 |  |  |  | 127,530 |
Finished goods |  |  | 1,320,562 |  |  |  | 1,905,782 |
Total inventories |  | $ | 1,349,102 |  |  | $ | 2,217,802 |
During the years ended December 31, 2018, 2017 and 2016, (reversals of write-downs) and write-downs of inventories to lower of cost or net realizable value of $0, $(73,860) and $2,450,213, respectively, were (credited against) charged to costs of revenue in relation to the Company's continuing operations. Also, during the years ended December 31, 2018, 2017 and 2016, obsolete inventories were disposed of at a loss of $58,992, $0 and $202,297, respectively, charged to costs of revenue in relation to the Company's continuing operations. During the year ended December 31, 2016, there was no write-own of inventories or loss on disposal of obsolete inventories in relation to the Company's discontinued operations.

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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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