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PROPERTY, PLANT AND EQUIPMENT (Tables)
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, plant and equipment
The following table summarizes property, plant and equipment as of September 30, 2016 and December 31, 2015:
 
 
 
As of September 30,
 
As of December 31,
 
 
2016
 
2015
Building
 
$
5,828,960

 
$
5,828,960

Furniture, fixtures, computer hardware and computer software
 
480,976

 
480,976

Manufacturing machinery and equipment
 
31,241,627

 
31,265,800

Net depreciable property, plant and equipment
 
37,551,563

 
37,575,736

Manufacturing machinery and equipment in progress
 
34,514

 

Property, plant and equipment
 
37,586,077

 
37,575,736

Less: Accumulated depreciation and amortization
 
(31,561,735
)
 
(28,484,708
)
Net property, plant and equipment
 
$
6,024,342

 
$
9,091,028