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INVENTORY
3 Months Ended
Mar. 31, 2017
INVENTORY  
INVENTORY

NOTE 2 – INVENTORY

 

Inventory consisted of the following:

 

 

 

March 31,

 

December 31,

 

 

2017

 

2016

Raw materials

 

$

10,796,239

 

 

$

11,562,388

 

Work in process

 

 

692,827

 

 

 

360,550

 

Finished goods

 

 

1,397,514

 

 

 

1,530,641

 

 

 

 

12,886,580

 

 

 

13,453,579

 

Obsolescence reserve

 

 

(5,900,615

)

 

 

(6,142,640

)

Total Inventory

 

$

6,985,965

 

 

$

7,310,939