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Inventory
6 Months Ended
Jun. 30, 2023
Inventory [Abstract]  
INVENTORY

5. INVENTORY

 

Inventory consisted of the following:

 

   As of
June 30,
2023
   As of
December 31,
2022
 
Raw materials  $2,243,090   $2,419,982 
Work-in-process   4,826,822    3,468,702 
Finished goods   466,069    149,855 
Total  $7,535,981   $6,038,539 

 

These inventory figures are net of a $305,334 write-off of scrapped inventory during the six-month period ended June 30, 2023 and a $587,620 write-off of scrapped inventory during the year ended December 31, 2022, that resulted principally from contamination events in our production process during the first quarter of 2023 and around the end of the third quarter of 2022, respectively.