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Inventories (Annual and Quarter)

9 Months Ended

12 Months Ended

Sep. 30, 2012

Dec. 31, 2011

Note 4 – Inventories

Inventories are stated at the lower of cost or market and consist of the following:

In thousands	September 30 2012	December 31 2011
Raw materials	$1,834	$1,826
Work-in-progress	515	449
Finished goods	560	600
Total Inventories	$2,909	$2,875

5. Inventories

Inventories consist of the following:

In thousands	2011	2010
Raw materials	$1,826	$3,948
Work-in-progress	449	152
Finished goods	600	752
Total Inventories	$2,875	$4,852

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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