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Inventory
12 Months Ended
Dec. 31, 2023
Inventory [Abstract]  
INVENTORY

5. INVENTORY

 

Inventory consisted of the following:

 

   As of
December 31,
2023
   As of
December 31,
2022
 
Raw materials  $1,594,028   $2,419,982 
Work-in-process   5,815,194    3,468,702 
Finished goods   402,619    149,855 
Total  $7,811,841   $6,038,539 

 

These inventory figures are net of a $527,133 and $589,204 write-off of scrapped inventory during the years ended December 31, 2023 and 2022, respectively, that resulted principally from contamination events and other production process losses.