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2. INVENTORY
9 Months Ended
Sep. 30, 2015
Inventory Disclosure [Abstract]  
INVENTORY

The components of inventory are summarized below:

 

   September 30, 2015   December 31, 2014 
Spare parts  $   $205 
Reserve for obsolescence       (205)
Work in progress   12    10 
Finished goods   3,117    3,117 
Inventory, net  $3,129   $3,127 

 

The finished goods inventory balance of $3,117 at September 30, 2015 and December 31, 2014 consists of a 3,500 MT portable umbilical carousel which we fabricated and bought back from a customer in November 2013 and are currently holding for sale.