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Inventories

12 Months Ended

Dec. 31, 2019

Inventories [Abstract]

Inventories

5. Inventories

Inventories as of December 31, 2018 and 2019 consisted of the following:

		December 31,				December 31,
		2018				2019
Raw materials		$	1,675,383			$	482,836
Work in progress			2,737,415				1,254,490
Finished goods			5,209,563				6,929,388
		$	9,622,361			$	8,666,714

During the years ended December 31, 2018 and 2019, write-downs of obsolete inventories to lower of cost or net realizable value of $160,469 and $834,362, 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

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