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Inventories | 6 Months Ended
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Jun. 30, 2019
Inventories [Abstract] |
Inventories |
4. | Inventories
Inventories as of December 31, 2018 and June 30, 2019 consisted of the following:
|  | December 31, |  |  | June 30, |
|  | 2018 |  |  | 2019 |
Raw materials |  | $ | 1,675,383 |  |  | $ | 973,706 |
Work in progress |  |  | 2,737,415 |  |  |  | 1,931,391 |
Finished goods |  |  | 5,209,563 |  |  |  | 5,805,211 |
|  | $ | 9,622,361 |  |  | $ | 8,710,308 |
During the three months ended June 30, 2018 and 2019, write-downs of obsolete inventories to lower of cost or market of $nil and $494,896, respectively, were charged to cost of revenues. During the six months ended June 30, 2018 and 2019, write-downs of obsolete inventories to lower of cost or market of $1,199 and $557,668, 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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