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INVENTORY

6 Months Ended

Jun. 30, 2014

NOTE 7 - INVENTORY:

	June 30,		December 31,
	2014		2013
	($ in thousands)

Finished goods			$	1,097
Work in process	$	1,372		341
Raw materials and supplies		142		155
	$	1,514	$	1,593

As of June 30, 2014 all "Finished goods" have been classified as "Work in process" due to the modifications being performed as part of the VFA. See Note 1.

- 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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