SEGMENT INFORMATION AND GEOGRAPHIC DATA (Tables)

12 Months Ended

Dec. 31, 2015

SEGMENT INFORMATION AND GEOGRAPHIC DATA [Abstract]

Summary information by segment

Summary financial information by reportable segment is as follows:

	Year Ended December 31, 2015
	Wholesale			Moissanite.com			Charles & Colvard Direct			Total
Net sales
Loose jewels	$	14,581,554		$	531,695		$	(45	)	$	15,113,204
Finished jewelry		5,683,478			4,896,565			5,073,870			15,653,913
Total	$	20,265,032		$	5,428,260		$	5,073,825		$	30,767,117
Product line cost of goods sold
Loose jewels	$	9,375,195		$	83,964		$	65		$	9,459,224
Finished jewelry		3,867,080			2,429,684			1,242,623			7,539,387
Total	$	13,242,275		$	2,513,648		$	1,242,688		$	16,998,611
Product line gross profit
Loose jewels	$	5,206,359		$	447,731		$	(110	)	$	5,653,980
Finished jewelry		1,816,398			2,466,881			3,831,247			8,114,526
Total	$	7,022,757		$	2,914,612		$	3,831,137		$	13,768,506
Operating loss	$	(3,736,111	)	$	(1,328,117	)	$	(4,485,787	)	$	(9,550,015	)
Depreciation and amortization	$	652,326		$	106,461		$	104,566		$	863,353
Total assets	$	43,881,011		$	174,899		$	84,928		$	44,140,838
Capital expenditures	$	291,372		$	116,080		$	20,676		$	428,128

	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

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,
	2015		2014
Product line cost of goods sold	$	16,998,611	$	15,995,011
Non-capitalized manufacturing and production control expenses		1,388,567		949,385
Freight out		698,840		284,944
Inventory valuation allowances		436,000		295,000
Other inventory adjustments		1,030,689		488,995
Cost of goods sold	$	20,552,707	$	18,013,335

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,
	2015		2014
Loose jewels
Raw materials	$	6,741,712	$	4,658,692
Work-in-process		5,516,799		5,752,103
Finished goods		15,877,436		21,495,873
Finished goods on consignment		55,388		46,284
Total	$	28,191,335	$	31,952,952
Finished jewelry
Raw materials	$	190,427	$	258,707
Work-in-process		514,946		540,576
Finished goods		3,193,569		5,557,417
Finished goods on consignment		200,613		578,200
Total	$	4,099,555	$	6,934,900

Data by geographic area

The following presents certain data by geographic area:

	Year Ended December 31,
	2015		2014
Net sales
United States	$	27,297,901	$	22,101,974
International		3,469,216		3,538,675
Total	$	30,767,117	$	25,640,649

	December 31,
	2015		2014
Property and equipment, net
United States	$	1,615,683	$	1,859,355
International		-		-
Total	$	1,615,683	$	1,859,355

	December 31,
	2015		2014
Intangible assets, net
United States	$	15,362	$	39,050
International		55,724		177,897
Total	$	71,086	$	216,947