Annual report pursuant to Section 13 and 15(d)

4. INVENTORY

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4. INVENTORY
 12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
INVENTORY

Inventory as of December 31, 2016 and 2015 is comprised of the following:

 

    2016     2015  
Raw materials   $ 11,261,516     $ 13,668,255  
Finished goods     1,631,442       465,665  
      12,892,958       14,133,920  
Allowance for impairment of raw materials inventory     (3,562,459 )     –  
    $ 9,330,499     $ 14,133,920  

 

During the year ended December 31, 2016, the Company recorded a $3,562,459 impairment of certain raw material inventory. No such impairments of inventory were noted during the year ended December 31, 2015.