BALANCE SHEET COMPONENTS

	December 31, 2016		December 31, 20 15
INVENTORY
On hand:
Finished goods held for sale	$	30,684,026	$	30,487,764
Raw materials and work in process		1,034,041		1,284,567
Inventory in transit		1,459,472		1,812,208
TOTAL	$	33,177,539	$	33,584,539

PROPERTY AND EQUIPMENT
Building	$	9,105,286		$	9,232,066
Land		1,451,132			1,451,132
Leasehold improvements		1,350,916			1,192,761
Equipment and machinery		5,991,343			5,086,770
Furniture and fixtures		7,342,642			6,889,642
Vehicles		295,033			139,837
		25,536,352			23,992,208
Less: accumulated depreciation		(9,884,559	)		(8,297,155	)
TOTAL	$	15,651,793		$	15,695,053

ACCRUED EXPENSES AND OTHER LIABILITIES
Accrued bonuses	$	2,123,942		$	2,631,971
Accrued payroll		689,150			255,058
Deferred revenue		909,297			902,236
Sales and payroll taxes payable		494,720			383,657
Inventory in transit		1,432,590			1,542,352
Other		287,488			330,278
TOTAL	$	5,937,187		$	6,045,552

Depreciation expense was

$1,717,548,

$1,520,385,

and

$1,391,422

for the years ended

December

31,

2016,

2015,

and

2014,

respectively.

Loss (gain) from abandonment and/or disposal of assets, which is included in operating expenses, is as follows, by segment: