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Inventories
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventories

3. Inventories

Inventories consisted of:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Finished goods

 

$

40,412,875

 

 

$

40,287,710

 

Work in process

 

 

88,847

 

 

 

67,208

 

Materials and supplies

 

 

13,050,532

 

 

 

10,349,279

 

Inventories:

 

$

53,552,254

 

 

$

50,704,197

 

 

Inventories are stated net of valuation allowances for slow moving and obsolete inventory of $1,554,217 as of December 31, 2021 and $1,471,925 as of December 31, 2020.