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Inventory
12 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Inventory

Note 7.  Inventory

As of December 31, 2019 and 2018, inventories consisted of the following:

 

 

 

December 31,

 

 

 

2019

 

 

2018

 

Raw materials

 

$

1,065,345

 

 

$

821,704

 

Work in process

 

 

5,314,763

 

 

 

951,695

 

Finished Goods

 

 

531,064

 

 

 

176,003

 

Total Inventory

 

 

6,911,172

 

 

 

1,949,402

 

Less: noncurrent inventory

 

 

6,020,180

 

 

 

 

Total current inventory

 

$

890,992

 

 

$

1,949,402

 

 

As of December 31, 2019, the Company reserved $287,544 for obsolete inventory. As of December 31, 2018, the Company determined that raw materials of $147,450 became obsolete due to the development of new product technology. The 2019 charge was recorded in cost of goods sold, and the 2018 charge was recorded in selling, general, and administrative expense.

Noncurrent inventory is comprised of approximately $1 million of raw materials and $5 million of work in process.