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Inventories

12 Months Ended

Dec. 31, 2023

Inventories [Abstract]

Inventories

5. Inventories

Inventories as of December 31, 2022 and 2023 consisted of the following:

		December 31,				December 31,
		2022				2023
Raw materials		$	7,101,426			$	3,779,414
Work in progress			17,274,033				9,525,568
Finished goods			25,070,832				20,108,440
		$	49,446,291			$	33,413,422

During the years ended December 31, 2022 and 2023 write-downs of obsolete inventories to lower of cost or net realizable value of $1,658,432 and $3,554,962, respectively, were charged to cost of revenues.

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- References

No definition available.

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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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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