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Inventories

12 Months Ended

Dec. 31, 2014

Note 2 – Inventories

Inventories, net of reserves, are summarized as follows:

	December 31,
	2014		2013
Raw materials	$	5,151	$	5,351
Work in process		3,045		2,815
Finished goods		5,487		5,394
		13,683		13,560
Less current inventory		(9,257)		(8,975)
		4,426		4,585
Less reserve for slow moving and obsolete inventory		(2,798)		(2,470)
	$	1,628	$	2,115

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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