3. Inventories, net

3 Months Ended

Mar. 31, 2013

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:

	March 31, 2013		December 31, 2012
Finished goods	$	4,519	$	4,316
Work in process		5,833		6,278
Raw materials		3,128		2,751
	$	13,480	$	13,345

Reserves for slow-moving, excess, or obsolete inventory were approximately $2,845 at March 31, 2013, compared with approximately $2,832 at December 31, 2012. The reserve for slow-moving, excess, or obsolete inventory is used to state the Company’s inventories at the lower of cost or market.