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Inventories

12 Months Ended

Dec. 31, 2018

Inventories [Abstract]

Inventories

5. Inventories

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

		December 31,				December 31,
		2017				2018
Raw materials		$	1,814,704			$	1,675,383
Work in progress			2,188,193				2,737,415
Finished goods			5,829,508				5,209,563
		$	9,832,405			$	9,622,361

During the years ended December 31, 2017 and 2018, write-downs of obsolete inventories to lower of cost or net realizable value of $5,776,891 and $160,469, 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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