Inventories, net

9 Months Ended

Sep. 30, 2015

Inventories, net [Abstract]

Inventories, net

Note 3

Inventories, net:

	September 30, 2015		December 31, 2014
	(unaudited)
Raw materials and work in progress	$	3,329	$	2,553
Finished goods		586		4,131
Total inventories		3,915		6,684
Reserve for obsolete inventory		-		(870	)
Reserve for inventory repairs		-		(539	)
	$	3,915	$	5,275

Work-in-process is immaterial, given the Company's typically short manufacturing cycle, and therefore is disclosed in conjunction with raw materials. During the nine months ended September 30, 2015 the Company initiated plans to develop an updated version of the MelaFind system and, accordingly, determined that a majority of its existing inventory of MelaFind systems and related parts exceeded its requirements. As a result, the Company wrote-off the excess and obsolete MelaFind inventories of $5,688, including $870 previously reserved. In addition, as of December 31, 2014 the Company carried a repair reserve of $539 for the estimated cost to restore its MelaFind units to sellable condition, which was also eliminated with the write-off of the excess and obsolete MelaFind inventory.