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3. Inventories
6 Months Ended
Jun. 30, 2020
Inventory Disclosure [Abstract]  
Inventories
Inventories consist of:  

June 30,

2020

   

December 31,

2019

 
Raw Materials   $ 994,803     $ 911,054  
Work in process     90,626       10,284  
Finished goods     3,536,440       6,519,012  
Total   $ 4,621,869     $ 7,440,350  

 

Finished goods includes consigned inventory of approximately $1.4 million at June 30, 2020 and approximately $1.8 million at December 31, 2019. The Company reviews inventory for obsolete and slow-moving products each quarter and makes provisions based on its estimate of the probability that the material will not be consumed or that it will be sold below cost. The provision for inventory reserves was negligible for both three and six months ended June 30, 2020 and 2019, respectively.