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2. Inventories, net

12 Months Ended

Dec. 31, 2014

Notes to Financial Statements

2. Inventories, net

Inventories, which are presented net of allowance for obsolete and slow moving inventory, consisted of the following:

		December 31,
		2014				2013

Finished goods		$	3,826			$	3,525
Work in process			5,127				5,702
Raw materials			3,159				2,348
		$	12,112			$	11,575

Changes in the allowance for obsolete and slow moving inventory are as follows:

		Years Ended December 31,
		2014				2013

Balance, beginning of year		$	2,960			$	2,832
Charged to cost of sales			9				140
Disposal of inventory			(1,266	)			(12	)
Balance, end of year		$	1,703			$	2,960

During the year ended December 31, 2014, the Company disposed of obsolete inventory that had been fully reserved previously. There was no material impact to the Company’s balance sheet or statement of operations a result of this transaction.

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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