4. Inventories, net

3 Months Ended

Mar. 31, 2018

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:

	March 31, 2018		December 31, 2017
Finished goods	$	2,234	$	2,825
Work in process		8,780		7,111
Raw materials		4,304		4,422
	$	15,318	$	14,358

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 $758 at March 31, 2018, compared with approximately $789 at December 31, 2017.