Annual report pursuant to Section 13 and 15(d)

Inventories

v3.6.0.2
Inventories
 12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
Inventories

4. Inventories

 

Inventories are comprised of unprocessed tissue, work-in-process, Avance® Nerve Graft, AxoGuard® Nerve Connector, AxoGuard® Nerve Protector, AviveTM Soft Tissue Membrane, AcroValTM Neurosensory and Motor Testing System, AxoTouchTM Two-Point Discriminator and supplies and are valued at the lower of cost (first-in, first-out) or market and consist of the following:

 

 

 

 

 

 

 

 

 

 

    

December 31,

    

December 31,

    

 

 

2016

 

2015

 

 

 

 

 

 

 

Finished goods

 

$
4,132,036

 

$
2,732,823

 

Work in process

 

 
205,116

 

 
237,108

 

Raw materials

 

 
1,121,688

 

 
964,029

 

Inventory, net

 

$
5,458,840

 

$
3,933,960

 

 

Inventories are net of reserve of approximately $960,000 and $711,000 at December 31, 2016 and 2015, respectively.