4. Inventories, net

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

NOTE 4 - Inventories, net

The components of inventory, net of allowances for slow-moving, excess or obsolete inventory, consist of the following:

	September 30, 2016		December 31, 2015
Finished goods	$	3,164	$	4,029
Work in process		6,193		8,497
Raw materials		3,927		3,756
	$	13,284	$	16,282

Allowances for slow-moving, excess, or obsolete inventory are used to state the Company’s inventories at the lower of cost or market. The allowances were approximately $1,526 at September 30, 2016, compared with approximately $1,685 at December 31, 2015.