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INVENTORIES (Tables)
12 Months Ended
Dec. 31, 2014
INVENTORIES [Abstract]  
Schedule of inventory, net of reserves
The Company’s total inventories, net of reserves, consisted of the following as of December 31, 2014 and 2013:

  
December 31,
 
  
2014
  
2013
 
Raw materials
 
$
4,917,399
  
$
3,581,418
 
Work-in-process
  
6,292,679
   
10,291,124
 
Finished goods
  
27,985,067
   
28,771,098
 
Finished goods on consignment
  
677,484
   
407,462
 
Less inventory reserves
  
(934,000
)
  
(639,000
)
Total
 
$
38,938,629
  
$
42,412,102
 
         
Short-term portion
 
$
13,320,639
  
$
13,074,428
 
Long-term portion
  
25,617,990
   
29,337,674
 
Total
 
$
38,938,629
  
$
42,412,102