Note 7 - Inventory

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

7 –

Inventory

Inventory consists primarily of raw materials, which are recorded at the lower of cost or market using the average-cost method, which approximates first-in, first-out (FIFO) cost. The Company periodically reviews its inventory for slow-moving, damaged and discontinued items and provides allowances to reduce such items identified to their recoverable amounts.

The Company’s inventory consists of the following:

	June 30,			December 31,
(in thousands)	2015			2014
Raw materials	$	6,108		$	5,728
Work in process		922			653
Total inventory		7,030			6,381
Allowance for obsolescence		(202	)		(187	)
Inventory, net of allowance	$	6,828		$	6,194