INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2016

Inventory, Net [Abstract]

Inventories

Inventories as of December 31, 2016 and December 31, 2015 consisted of the following:

	As of
	December 31,		December 31,
	2016		2015
Raw materials (A)	$	7,167,391	$	162,766,249
Work-in-progress (B)		78,813,685		108,276,834
Finished goods (C)		33,454,519		27,260,102
Total inventory	$	119,435,595	$	298,303,185

(A) Included 185,000 grams of Au9999 gold as of December 31, 2016 and 5,624,476 grams of Au9999 gold as of December 31, 2015.

(B) Included 2,358,178 grams of Au9999 gold as of December 31, 2016 and 3,549,984 grams of Au9999 gold as of December 31, 2015.

(C) Included 993,699 grams of Au9999 gold as of December 31, 2016 and 886,849 grams of Au9999 gold as of December 31, 2015.