Quarterly report pursuant to Section 13 or 15(d)

Inventory

v2.4.0.8
Inventory
6 Months Ended
Jun. 30, 2014
Inventory

NOTE 4—INVENTORY

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

 

 

June 30,

 

 

December 31,

 

 

2014

 

 

2013

 

Raw materials

$

2,860

 

 

$

3,094

 

Work-in-process

 

1,572

 

 

 

1,727

 

Finished goods

 

7,418

 

 

 

6,557

 

Inventory, net

$

11,850

 

 

$

11,378

 

 

Inventory is net of a provision for excess and obsolete inventory totaling $2.9 million and $2.8 million as of June 30, 2014 and December 31, 2013, respectively.