Note 7 - Inventory

6 Months Ended

Jun. 30, 2017

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:

	June 30,			December 31,
(in thousands)	2017			2016
Raw materials	$	8,357		$	8,057
Work in process		1,356			1,531
Total inventory		9,713			9,588
Allowance for obsolescence		(386	)		(278	)
Inventory, net of allowance	$	9,327		$	9,310