Inventories, net

12 Months Ended

Mar. 31, 2013

Note 2 Inventories, net

Inventories consist of the following as of March 31, 2013 and 2012:

	2013		2012
	(in thousands)
Raw materials	$	932	$	344
Work in process	330		253
Finished goods(1)	2,164		2,722
Supplies	262		229
	$	3,688	$	3,548

(1) Net of reserve for obsolescence of $9,000 and $41,000 at March 31, 2013 and 2012, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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