Inventories

9 Months Ended

Sep. 30, 2019

Inventory Disclosure [Abstract]

Inventories

E.Inventories

Inventories are valued at the lower of cost or net realizable value using the FIFO (first-in, first-out) method. The Company reduces the value of its inventories to net realizable value when the net realizable value is believed to be less than the cost of the item. The inventory reserve for obsolescence as of September 30, 2019 and December 31, 2018 was $1,484,000 and $1,266,000, respectively.

Inventories are comprised of the following (in thousands):

	September 30, 2019		December 31, 2018
Raw materials	$	2,552	$	1,719
Work in process		2,703		1,807
Finished goods		1,221		940
Total Inventories, net	$	6,476	$	4,466