Inventories and Deferred Costs of Goods Sold

9 Months Ended

Sep. 30, 2011

Inventories and Deferred Costs of Goods Sold [Abstract]

Inventory and Deferred Costs of Goods Sold [Text Block]

Inventories and Deferred Costs of Goods Sold

Inventories, net of $1.1 million and $425 thousand of reserves at September 30, 2011 and December 31, 2010, respectively, consist of the following at: 

(in thousands)	September 30, 2011		December 31, 2010
Raw materials	$	2,721	$	2,919
Work in process	9,850		4,262
Finished goods	2,430		3,751
Net inventory	$	15,001	$	10,932
Deferred cost of goods sold	$	3,903	$	1,018

Deferred cost of goods sold represents costs of equipment that has shipped to the customer and title has passed.  The Company defers these costs until the related revenue is recognized.