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Inventory
3 Months Ended
Mar. 31, 2018
Inventory  
Inventory

3.  Inventory

 

Components of inventory, net of reserves as of March 31, 2018 and December 31, 2017 are as follows:

 

 

 

 

 

 

 

 

 

 

    

March 31, 

    

December 31, 

 

 

 

2018

 

2017

 

Raw Materials

 

$

9,403,198

 

$

10,604,232

 

Work in Process

 

 

124,534

 

 

212,505

 

Finished Goods

 

 

2,740,023

 

 

2,807,399

 

Total

 

$

12,267,755

 

$

13,624,136

 

 

 

 

 

 

 

 

A

 

 

 

 

 

 

 

As of March 31, 2018, we classified $3,722,901 of inventory as non-current all of which related to the active pharmaceutical ingredient for Triferic.  As of March 31, 2018, we had total Triferic finished goods inventory aggregating $5,903,000 against which we had reserved $4,758,000.