SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

12 Months Ended

Dec. 31, 2014

SEGMENT INFORMATION AND GEOGRAPHIC DATA [Abstract]

Summary information by segment

Summary financial information by reportable segment is as follows:

	Year Ended December 31, 2014
	Wholesale			Moissanite.com			Charles & Colvard Direct			Total
Net sales
Loose jewels	$	12,324,045			600,505			1,820			12,926,370
Finished jewelry		8,452,800			2,812,158			1,449,321			12,714,279
Total	$	20,776,845			3,412,663			1,451,141			25,640,649
Product line cost of goods sold
Loose jewels	$	7,458,355			100,851			7,623			7,566,829
Finished jewelry		6,584,937			1,371,056			472,189			8,428,182
Total	$	14,043,292			1,471,907			479,812			15,995,011
Product line gross profit
Loose jewels	$	4,865,690			499,654			(5,803	)		5,359,541
Finished jewelry		1,867,863			1,441,102			977,132			4,286,097
Total	$	6,733,553			1,940,756			971,329			9,645,638
Operating loss	$	(4,802,435	)		(1,265,035	)		(2,976,754	)		(9,044,224	)
Depreciation and amortization	$	887,287			174,562			46,106			1,107,955
Total assets	$	51,183,888			128,049			114,460			51,426,397
Capital expenditures	$	1,093,055			1,386			1,262			1,095,703

	Year Ended December 31, 2013
	Wholesale		Moissanite.com			Charles & Colvard Direct			Total
Net sales
Loose jewels	$	18,136,062		347,933			-			18,483,995
Finished jewelry		7,438,340		2,152,018			412,834			10,003,192
Total	$	25,574,402		2,499,951			412,834			28,487,187
Product line cost of goods sold
Loose jewels	$	7,588,838		53,941			3,596			7,646,375
Finished jewelry		4,094,157		1,095,489			109,926			5,299,572
Total	$	11,682,995		1,149,430			113,522			12,945,947
Product line gross profit
Loose jewels	$	10,547,224		293,992			(3,596	)		10,837,620
Finished jewelry		3,344,183		1,056,529			302,908			4,703,620
Total	$	13,891,407		1,350,521			299,312			15,541,240
Operating income (loss)	$	3,652,153		(1,951,526	)		(3,280,911	)		(1,580,284	)
Depreciation and amortization	$	481,993		263,372			117,318			862,683
Total assets	$	61,702,449		469,217			152,186			62,323,852
Capital expenditures	$	744,679		47,801			7,887			800,367

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,
	2014		2013
Product line cost of goods sold	$	15,995,011	$	12,945,947
Non-capitalized manufacturing and production control expenses		949,385		532,928
Freight out		284,944		201,911
Inventory valuation allowances		295,000		264,000
Other inventory adjustments		488,995		655,391
Cost of goods sold	$	18,013,335	$	14,600,177

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,
	2014		2013
Loose jewels
Raw materials	$	4,658,692	$	3,311,375
Work-in-process		5,752,103		9,526,769
Finished goods		21,495,873		20,002,881
Finished goods on consignment		46,284		32,948
Total	$	31,952,952	$	32,873,973
Finished jewelry
Raw materials	$	258,707	$	270,043
Work-in-process		540,576		764,355
Finished goods		5,557,417		8,117,035
Finished goods on consignment		578,200		299,514
Total	$	6,934,900	$	9,450,947

Data by geographic area

The following presents certain data by geographic area:

	Year Ended December 31,
	2014		2013
Net sales
United States	$	22,101,974	$	20,684,397
International		3,538,675		7,802,790
Total	$	25,640,649	$	28,487,187

	December 31,
	2014		2013
Property and equipment, net
United States	$	1,859,355	$	1,717,692
International		-		-
Total	$	1,859,355	$	1,717,692

	December 31,
	2014		2013
Intangible assets, net
United States	$	39,050	$	70,830
International		177,897		255,037
Total	$	216,947	$	325,867