3. Inventories, net

6 Months Ended

Jun. 30, 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:

	June 30, 2015		December 31, 2014
Finished goods	$	2,986	$	3,826
Work in process		5,621		5,127
Raw materials		3,732		3,159
	$	12,339	$	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 $1,662 at June 30, 2015, compared with approximately $1,703 at December 31, 2014.