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PROPERTY, PLANT AND EQUIPMENT (Tables)
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, plant and equipment
The following table summarizes property, plant and equipment as of September 30, 2017 and December 31, 2016:
 
 
 
As of September 30,
 
As of December 31,
 
 
2017
 
2016
Building
 
$
5,828,960

 
$
5,828,960

Furniture, fixtures, computer hardware and computer software
 
489,421

 
489,421

Manufacturing machinery and equipment
 
30,306,793

 
30,300,391

Net depreciable property, plant and equipment
 
36,625,174

 
36,618,772

Manufacturing machinery and equipment in progress
 
20,688

 
20,688

Property, plant and equipment
 
36,645,862

 
36,639,460

Less: Accumulated depreciation and amortization
 
(31,873,054
)
 
(30,983,448
)
Net property, plant and equipment
 
$
4,772,808

 
$
5,656,012