4. Inventories, net

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

NOTE 4 - Inventories, net

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

	June 30, 2017		December 31, 2016
Finished goods	$	3,214	$	3,216
Work in process		7,038		6,612
Raw materials		4,541		4,171
	$	14,793	$	13,999

Allowances for slow-moving, excess, or obsolete inventory are used to state the Company’s inventories at the lower of cost or net realizable value. The allowances were approximately $1,647 at June 30, 2017, compared with approximately $1,607 at December 31, 2016.