Note C - Inventories

9 Months Ended

Sep. 30, 2019

NOTE C—INVENTORIES

Inventories are stated at the lower of cost or net realizable value. The Company periodically evaluates the quantities on hand relative to current and historical selling prices, and historical and projected sales volume. Based on these evaluations, provisions are made in each period to write inventory down to its net realizable value. Inventories are composed of the following:

	September 30, 2019		December 31, 2018
	(Unaudited)		(Audited)

Work-in-process	$	5,874	$	4,993
Finished goods		2,794		4,826

	$	8,668	$	9,819

Inventory write-off amounted to

$25

for the

nine

months ended

September 30, 2019.

For the

nine

months ended

September

30,

2018,

the Company recorded

$17

of income due to the utilization of inventory that was previously written off.