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Note 3. Inventories
12 Months Ended
Dec. 31, 2014
Notes  
Note 3. Inventories

NOTE 3.  INVENTORIES

 

The inventories consist of the following:

 

 

 

As of

 

 

 

December 31, 2014

 

 

December 31, 2013

 

 

 

 

 

 

 

 

Raw Materials

 

$

401,049

 

 

$

693,065

 

Work-in-progress

 

 

597,485

 

 

 

698,020

 

Finished goods

 

 

931,811

 

 

 

1,211,462

 

Total

 

$

1,930,345

 

 

$

2,602,547

 

 

The Company recorded inventory markdown allowances of $0 and $438,337 for the years ended December 31, 2014 and 2013, respectively.