Annual report pursuant to Section 13 and 15(d)

Inventories

v3.8.0.1
Inventories
 12 Months Ended
Dec. 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, AcroVal® Neurosensory and Motor Testing System, AxoTouch® Two-Point Discriminator and supplies and are valued at the lower of cost (first-in, first-out) or net realizable value and consist of the following:

 

 

 

 

 

 

 

 

 

 

    

December 31,

    

December 31,

    

 

 

2017

 

2016

 

 

 

 

 

 

 

Finished goods

 

$

5,489,360

 

$

4,132,036

 

Work in process

 

 

470,187

 

 

205,116

 

Raw materials

 

 

1,356,395

 

 

1,121,688

 

Inventories

 

$

7,315,942

 

$

5,458,840

 

 

Inventories are net of reserve of approximately $812,000 and $960,000 at December 31, 2017 and 2016, respectively.