5. 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		1,990,023		2,807,399
Total	$	11,517,755	$	13,624,136

As of March 31, 2018, the Company classified $6,007,601 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 $5,508,000. Additionally, inventory reserves will have to be recognized if the Company is unable to use its Triferic inventory before its shelf life expires.