Note 7 - Inventory

9 Months Ended

Sep. 30, 2016

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 consisted of the following as of the dates indicated:

	September 30,			December 31,
(in thousands)	2016			2015
Raw materials	$	9,226		$	8,589
Work in process		1,105			1,529
Total inventory		10,331			10,118
Allowance for obsolescence		(401	)		(347	)
Inventory, net of allowance	$	9,930		$	9,771