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Inventories

12 Months Ended

Dec. 31, 2017

Inventories [Abstract]

INVENTORIES

Note 4 – INVENTORIES

As of December 31, 2017 and 2016, inventories consisted of the following:

		December 31,  2017				December 31,  2016
Raw materials		$	2,392,731			$	1,822,614
Work in progress			4,106,837				1,911,656
Finished goods			2,635,764				2,238,854
Total		$	9,135,332			$	5,973,124

The work in progress and finished goods held by third parties were $1,356,461 and $208,731 as of December 31, 2017, respectively. The work in progress and finished goods held by third parties were $308,742 and $103,024 as of December 31, 2016, respectively.

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- References

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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/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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