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Inventories | 12 Months Ended
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Dec. 31, 2024
Inventories [Abstract] |
Inventories |
| 6. | Inventories
Inventories as of December 31, 2023 and 2024 consisted of the following:
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2024 |
Raw materials |  | $ | 3,779,414 |  |  | $ | 3,538,167 |
Work in progress |  |  | 9,525,568 |  |  |  | 5,034,330 |
Finished goods |  |  | 20,108,440 |  |  |  | 14,278,530 |
|  | $ | 33,413,422 |  |  | $ | 22,851,027 |
During the years ended December 31, 2023 and 2024 write-downs of obsolete inventories to lower of cost or net realizable value of $3,554,962 and $4,927,140, 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 -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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