NOTE 4. INVENTORIES

Inventories consist of finished goods, raw materials and work in process and are stated at the lower of cost or market and consist of the following (in thousands):

	December 31, 2014			December 31, 2013
Raw materials	$	2,141		$	1,951
Work-in-process		1,348			181
Finished goods		4,984			9,056
Less: allowance for obsolescence		(17	)		(1,043	)

Total	$	8,456		$	10,145

The fair value of inventories acquired in 2013 included a step-up in the value of CAMBIA® and Lazanda® inventories of $3.7 million and $0.6 million, respectively. The step-up in the value of CAMBIA® and Lazanda® inventories are being amortized to cost of sales as the acquired inventories are sold. The cost of sales related to the step-up value of CAMBIA® was $3.5 million and $0.2 million in 2014 and 2013, respectively. The cost of sales related to the step-up value of Lazanda® was $0.3 million and $0.1 million in 2014 and 2013, respectively.

As of December 31, 2014, the unamortized portion of step-up related purely to Lazanda® inventories of $0.2 million. As of December 31, 2013, the unamortized portion of step-up related to CAMBIA® and Lazanda® inventories were $3.5 million and $0.5 million, respectively.