5. Inventory

Components of inventory, net of reserves as of September 30, 2018 and December 31, 2017 are as follows:


	September 30,		December 31,
	2018		2017
Raw Materials	$	4,122,432	$	10,604,232
Work in Process		203,498		212,505
Finished Goods		2,186,426		2,807,399
Total	$	6,512,356	$	13,624,136

As of September 30, 2018, we classified $1,865,834 of inventory as non-current all of which was related to Triferic or the active pharmaceutical ingredient for Triferic. As of September 30, 2018 and December 31, 2017, we had total Triferic inventory aggregating $9,467,795 and $13,424,779 respectively against which we had reserved $6,900,000 and $3,460,801 respectively.

For the three and nine months ended September 30, 2018, the Company increased its inventory reserve by $0.1 million and $7.8 million respectively. For the three and nine months ended September 30, 2017 the Company increased its inventory reserve by $0.7 million and $0.8 million respectively.