9. INVENTORY
|
|
|
|
December 31, |
|
December 31, |
|
December 31, |
|
|||
|
|
Raw materials |
|
$ |
175,487 |
|
$ |
83,934 |
|
$ |
492,785 |
|
|
|
Work in progress |
|
|
171,599 |
|
|
62,040 |
|
|
88,856 |
|
|
|
Finished goods |
|
|
51,470 |
|
|
50,749 |
|
|
16,495 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
$ |
398,556 |
|
$ |
196,723 |
|
$ |
598,136 |
|
|
|
|
|
|
|
|
|
|
|
|||
During the years ended December 31, 2017, 2016 and 2015 the Company did not write down any inventory. During the year ended December 31, 2017 $752,810 of inventory was expensed in cost of goods sold (years ended December 31, 2016: $4,082,504 and 2015: $3,391,324, respectively).