Inventories

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Inventories

F.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 reserve for excess and obsolete inventory as of September 30, 2020 and December 31, 2019 was $1,266,000 and $1,341,000, respectively.

Inventories are comprised of the following (in thousands):

	September 30, 2020		December 31, 2019
Raw materials	$	2,003	$	2,134
Work in process		2,655		2,640
Finished goods		772		1,242
Total Inventories, net	$	5,430	$	6,016