SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)
 12 Months Ended
Dec. 31, 2016
SEGMENT INFORMATION AND GEOGRAPHIC DATA [Abstract]  
Summary information by segment
Summary financial information by reportable segment is as follows:

  
Year Ended December 31, 2016
 
  
Wholesale
  
charlesandcolvard
.com
  
Total
 
Net sales
         
Loose jewels
 
$
20,929,322
  
$
522,406
  
$
21,451,728
 
Finished jewelry
  
3,601,768
   
4,114,632
   
7,716,400
 
Total
 
$
24,531,090
  
$
4,637,038
  
$
29,168,128
 
             
Product line cost of goods sold
            
Loose jewels
 
$
13,851,463
  
$
65,286
  
$
13,916,749
 
Finished jewelry
  
2,497,788
   
1,651,000
   
4,148,788
 
Total
 
$
16,349,251
  
$
1,716,286
  
$
18,065,537
 
             
Product line gross profit
            
Loose jewels
 
$
7,077,859
  
$
457,120
  
$
7,534,979
 
Finished jewelry
  
1,103,980
   
2,463,632
   
3,567,612
 
Total
 
$
8,181,839
  
$
2,920,752
  
$
11,102,591
 
             
Operating loss
 
$
(1,603,947
)
 
$
(2,332,871
)
 
$
(3,936,818
)
             
Depreciation and amortization
 
$
479,517
  
$
77,876
  
$
557,393
 
             
Total assets
 
$
40,167,149
  
$
338,627
  
$
40,505,776
 
             
Capital expenditures
 
$
158,702
  
$
263,059
  
$
421,761
 
 
  
Year Ended December 31, 2015
 
  
Wholesale
  
charlesandcolvard
.com
  
Total
 
Net sales
         
Loose jewels
 
$
14,581,554
  
$
531,695  
$
15,113,249
 
Finished jewelry
  
5,683,478
   
4,896,565
   
10,580,043
 
Total
 
$
20,265,032
  
$
5,428,260
  
$
25,693,292
 
             
Product line cost of goods sold
            
Loose jewels
 
$
9,375,195
  
$
83,964
  
$
9,459,159
 
Finished jewelry
  
3,867,080
   
2,429,684
   
6,296,764
 
Total
 
$
13,242,275
  
$
2,513,648
  
$
15,755,923
 
             
Product line gross profit
            
Loose jewels
 
$
5,206,359
  
$
447,731
  
$
5,654,090
 
Finished jewelry
  
1,816,398
   
2,466,881
   
4,283,279
 
Total
 
$
7,022,757
  
$
2,914,612
  
$
9,937,369
 
             
Operating loss
 
$
(3,736,111
)
 
$
(1,328,117
)
 
$
(5,064,228
)
             
Depreciation and amortization
 
$
652,326
  
$
106,461
  
$
758,787
 
             
Total assets
 
$
43,882,939
  
$
174,899
  
$
44,057,838
 
             
Capital expenditures
 
$
291,372
  
$
116,080
  
$
407,452
 
Schedule of reconciliation of product line cost of goods sold to cost of goods sold as reported in consolidated financial statements
A reconciliation of the Company’s product line cost of goods sold to cost of goods sold as reported in the consolidated financial statements is as follows:

  
Year Ended December 31,
 
  
2016
  
2015
 
Product line cost of goods sold
 
$
18,065,537
  
$
15,755,923
 
Non-capitalized manufacturing and production control expenses
  
1,427,924
   
1,388,268
 
Freight out
  
376,726
   
600,751
 
Inventory valuation allowances
  
200,000
   
436,000
 
Other inventory adjustments
  
331,252
   
762,565
 
Cost of goods sold
 
$
20,401,439
  
$
18,943,507
 
Schedule of inventories by product line maintained in its wholesale distribution segment
The Company’s net inventories by product line maintained in the parent entity’s wholesale distribution segment are as follows:

  
December 31,
 
  
2016
  
2015
 
Loose jewels
      
Raw materials
 
$
2,586,045
  
$
6,741,712
 
Work-in-process
  
10,589,424
   
5,516,799
 
Finished goods
  
9,455,393
   
15,877,436
 
Finished goods on consignment
  
5,473
   
55,388
 
Total
 
$
22,636,335
  
$
28,191,335
 
         
Finished jewelry
        
Raw materials
 
$
520,572
  
$
190,427
 
Work-in-process
  
458,702
   
514,946
 
Finished goods
  
4,081,275
   
3,193,569
 
Finished goods on consignment
  
416,305
   
200,613
 
Total
 
$
5,476,854
  
$
4,099,555
 
Data by geographic area
The following presents certain data by geographic area:

  
Year Ended December 31,
 
  
2016
  
2015
 
Net sales
      
United States
 
$
26,164,660
  
$
22,224,076
 
International
  
3,003,468
   
3,469,216
 
Total
 
$
29,168,128
  
$
25,693,292
 

  
December 31,
 
  
2016
  
2015
 
Property and equipment, net
      
United States
 
$
1,391,116
  
$
1,615,683
 
International
  
-
   
-
 
Total
 
$
1,391,116
  
$
1,615,683
 

  
December 31,
 
  
2016
  
2015
 
Intangible assets, net
      
United States
 
$
8,808
  
$
15,362
 
International
  
-
   
55,724
 
Total
 
$
8,808
  
$
71,086