Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.5.0.2
Inventory
 9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Inventory

NOTE 4—INVENTORY

Inventory is valued at the lower of cost or market, with cost determined using the first-in, first-out method, and is comprised of the following (in thousands):  

 

 

September 30,

 

 

December 31,

 

 

2016

 

 

2015

 

Raw materials

$

4,742

 

 

$

3,627

 

Work-in-process

 

1,651

 

 

 

1,379

 

Finished goods

 

7,150

 

 

 

7,560

 

Inventory, net

$

13,543

 

 

$

12,566

 

 

Inventory is net of a provision for excess and obsolete inventory totaling $2.1 million and $2.1 million as of September 30, 2016 and December 31, 2015, respectively.