Inventory (Notes)

9 Months Ended

Sep. 30, 2017

8. Inventories

Inventories consisted of the following (in thousands):



	September 30,		December 31,
	2017		2016
Raw materials	$	1,204	$	—
Work in process	3,950		1,625
Finished goods	7,062		1,259
Total inventory	$	12,216	$	2,884

In addition, as of September 30, 2017 and December 31, 2016, the Company deferred approximately $1.1 million and $0.1 million, respectively, of costs associated with inventory transfer made under the Company’s third party logistic provider service arrangement. These costs have been recorded as other assets on the Company’s Condensed Consolidated Balance Sheet as of September 30, 2017 and December 31, 2016. The Company will recognize the cost of product sold as inventory is transferred from its third party logistic provider to the Company’s customers.

During the third quarter of 2017 and fourth quarter of 2016, the Company recognized an inventory write-down of $0.1 million and $0.3 million, respectively, related to Noden Products that the Company would not be able to sell prior to their expiration.