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Inventories

6 Months Ended

Jun. 30, 2018

Inventories [Text Block]

4. Inventories

Inventories as of December 31, 2017 and June 30, 2018 consisted of the following:

		December 31,			June 30,
		2017			2018
Raw materials	$	1,814,704		$	1,826,433
Work in progress		2,188,193			1,634,652
Finished goods		5,829,508			7,229,883
	$	9,832,405		$	10,690,968

During the three months ended June 30, 2017 and 2018, write-downs of obsolete inventories to lower of cost or market of $848,247 and $nil, respectively, were charged to cost of revenues.

During the six months ended June 30, 2017 and 2018, write-downs of obsolete inventories to lower of cost or market of $998,403 and $1,999, respectively, were charged to cost of revenues.

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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 330
-URI http://asc.fasb.org/topic&trid=2126998

+ Details

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