Inventories

9 Months Ended

Sep. 30, 2019

Inventory Disclosure [Abstract]

Inventories

Note 4 – Inventories

Inventories are summarized as follows:

	September 30, 2019			December 31, 2018
Raw Materials	$	3,022		$	2,581
Work in process		3,435			1,573
Finished Goods		2,005			2,569
		8,462			6,723
Less current inventories		(8,462	)		(6,172	)
	$	-		$	551

Inventories are stated at the lower of cost, determined by the first-in, first-out ("FIFO") method, or net realizable value.

The Company periodically analyzes anticipated product sales based on historical results, current backlog and marketing plans. Based on these analyses, the Company anticipates that certain products will not be sold during the next twelve months. Inventories that are not anticipated to be sold in the next twelve months have been written down to net realizable value.

The Company recorded a provision to reduce the carrying amounts of inventories to their net realizable value in the amount of $863 during the nine months ended September 30, 2019.