Note 7 - Inventory

3 Months Ended

Mar. 31, 2019

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:

	March 31,			December 31,
(in thousands)	2019			2018
Raw materials	$	9,132		$	9,560
Work in process		412			792
Total inventory		9,544			10,352
Allowance for obsolescence		(188	)		(265	)
Inventory, net of allowance	$	9,356		$	10,087