| Schedule of inventory, net of reserves |
The Company’s total inventories, net of reserves, consisted of the following as of December 31, 2016 and 2015:
| | | December 31, | | | | | 2016 | | | 2015 | | Raw materials | | $ | 3,106,617 | | | $ | 6,932,139 | | Work-in-process | | | 11,048,126 | | | | 6,031,745 | | Finished goods | | | 15,074,896 | | | | 20,441,535 | | Finished goods on consignment | | | 467,778 | | | | 293,001 | | Less inventory reserves | | | (1,567,000 | ) | | | (1,370,000 | ) | Total | | $ | 28,130,417 | | | $ | 32,328,420 | | | | | | | | | | | | Short-term portion | | $ | 9,770,206 | | | $ | 10,739,798 | | Long-term portion | | | 18,360,211 | | | | 21,588,622 | | Total | | $ | 28,130,417 | | | $ | 32,328,420 | |
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