3. Inventories, net

3 Months Ended

Mar. 31, 2015

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, 2015		December 31, 2014
Finished goods	$	3,142	$	3,826
Work in process		4,841		5,127
Raw materials		3,567		3,159
	$	11,550	$	12,112

Reserves for slow-moving, excess, or obsolete inventory are used to state the Company’s inventories at the lower of cost or market. The reserves were approximately $1,656 at March 31, 2015, compared with approximately $1,703 at December 31, 2014.