3. Inventories, net

6 Months Ended

Jun. 30, 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:

	June 30, 2013		December 31, 2012
Finished goods	$	4,349	$	4,316
Work in process		5,894		6,278
Raw materials		2,630		2,751
	$	12,873	$	13,345

Reserves for slow-moving, excess, or obsolete inventory were approximately $2,868 at June 30, 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.