Inventories and Deferred Costs of Goods Sold

9 Months Ended

Sep. 30, 2014

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 $1.0 million of reserves at both September 30, 2014 and December 31, 2013, and deferred cost of goods sold consist of the following at: 

(in thousands)	September 30, 2014		December 31, 2013
Raw materials	$	1,108	$	1,310
Work in process	2,861		2,004
Finished goods	948		502
Net inventory	$	4,917	$	3,816
Deferred cost of goods sold	$	305	$	849

Deferred cost of goods sold represents costs of equipment that has shipped to the customer and title has passed but not all revenue recognition criteria have yet been met.  The Company defers these costs until the related revenue is recognized.