| Inventory |
2 — Inventory
Inventory consists of:
|
|
|
As of December 31,
|
|
|
|
|
2016
|
|
2015
|
|
|
Raw materials
|
|
$
|
3,241,642
|
|
$
|
2,025,674
|
|
|
Work in process
|
|
135,626
|
|
184,478
|
|
|
Finished goods
|
|
716,666
|
|
286,164
|
|
|
|
|
|
|
|
|
|
Inventory before allowance for excess and obsolete
|
|
4,093,934
|
|
2,496,316
|
|
|
Allowance for excess and obsolete
|
|
(207,344
|
)
|
(113,158
|
)
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
3,886,590
|
|
$
|
2,383,158
|
|
|
|
|
|
|
|
|
|
|
|