3. Inventories, net

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

NOTE 3 - Inventories, net

The components of inventory, net of reserves for slow-moving, excess or obsolete inventory, consist of the following:

	September 30, 2012		December 31, 2011
Finished goods	$	3,207	$	3,981
Work in process		6,200		4,671
Raw materials		2,909		3,496
	$	12,316	$	12,148

Reserves for slow-moving, excess, or obsolete inventory were approximately $2,771 at September 30, 2012, compared with approximately $2,765 at December 31, 2011. The reserve for slow-moving, excess, or obsolete inventory is used to state the Company’s inventories at the lower of cost or market.