BIOLASE, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Inventory

Inventory

6 Months Ended

Jun. 30, 2011

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,
	2011		2010

Raw materials	$	3,605	$	3,440
Work-in-process		1,993		1,184
Finished goods		2,431		2,363

Inventory, net	$	8,029	$	6,987

Inventory is net of the provision for excess and obsolete inventory of $2.0 million and $1.9 million at June 30, 2011 and December 31, 2010, respectively.

- 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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