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Inventories
3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

4. Inventories

 

Inventories as of December 31, 2021 and March 31, 2022 consisted of the following:

 

   December 31,   March 31, 
   2021   2022 
Raw materials  $11,323,638   $15,484,667 
Work in progress   8,093,002    9,428,354 
Finished goods   10,716,700    16,958,128 
   $30,133,340   $41,871,149 

 

During the three months ended March 31, 2021 and 2022, write-downs of obsolete inventories to lower of cost or net realizable value of $233,305 and $406,152, respectively, were charged to cost of revenues.