Note 9 - Inventory

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note

9

– 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:

	December 31,
(in thousands)	2015			2014
Raw materials	$	8,589		$	5,728
Work in process		1,529			653
Total inventory		10,118			6,381
Allowance for obsolescence		(347	)		(187	)
Inventory, net of allowance	$	9,771		$	6,194