Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.7.0.1
Inventories
 3 Months Ended
Mar. 31, 2017
Inventories  
Inventories

4.    Inventories

 

Inventories are comprised of unprocessed tissue, work-in-process, Avance® Nerve Graft, AxoGuard® Nerve Connector, AxoGuard® Nerve Protector, Avive® 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:

 

 

 

 

 

 

 

 

 

 

    

March 31,

    

December 31,

    

 

 

2017

 

2016

 

 

 

 

 

 

 

Finished goods

 

$

4,607,471

 

$

4,132,036

 

Work in process

 

 

266,973

 

 

205,116

 

Raw materials

 

 

976,286

 

 

1,121,688

 

Inventory, net

 

$

5,850,730

 

$

5,458,840

 

 

Inventories are net of reserve of approximately $813,000 and $960,000 at March 31, 2017 and December 31, 2016, respectively.