Inventories and Deferred Costs of Goods Sold

9 Months Ended

Sep. 30, 2012

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 $860 thousand of reserves at September 30, 2012 and December 31, 2011, respectively, consist of the following at: 

(in thousands)	September 30, 2012		December 31, 2011
Raw materials	$	1,838	$	2,284
Work in process	2,302		3,871
Finished goods	1,214		998
Net inventory	$	5,354	$	7,153
Deferred cost of goods sold	$	94	$	180

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.