Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
6 Months Ended
Jun. 30, 2015
Inventory Disclosure [Abstract]  
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,

 

 

2015

 

 

2014

 

Raw materials

$

3,564

 

 

$

2,857

 

Work-in-process

 

1,529

 

 

 

1,348

 

Finished goods

 

8,587

 

 

 

8,303

 

Inventory, net

$

13,680

 

 

$

12,508

 

 

Inventory is net of a provision for excess and obsolete inventory totaling $1.9 million and $2.4 million as of June 30, 2015 and December 31, 2014, respectively.