Inventories, net

9 Months Ended

Sep. 30, 2012

Note 3: Inventories, net

The components of inventories are as follows (in thousands):


	September 30, 2012 (unaudited)			December 31, 2011
Raw materials	$	1,415		$	1,092
Work in process		811			985
Finished goods		597			689
		2,823			2,766
Less inventory reserve		(9	)		(6	)
Total inventories, net	$	2,814		$	2,760

- 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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