3. Inventories, net

9 Months Ended

Sep. 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:

	September 30, 2013		December 31, 2012
Finished goods	$	3,970	$	4,316
Work in process		5,077		6,278
Raw materials		2,397		2,751
	$	11,444	$	13,345

Reserves for slow-moving, excess, or obsolete inventory were approximately $2,940 at September 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.