DETAILS OF CERTAIN FINANCIAL STATEMENT COMPONENTS

12 Months Ended

Dec. 31, 2017

DETAILS OF CERTAIN FINANCIAL STATEMENT COMPONENTS

DETAILS OF CERTAIN FINANCIAL STATEMENT COMPONENTS

NOTE 2-DETAILS OF CERTAIN FINANCIAL STATEMENT COMPONENTS

The following tables provide details of selected balance sheet items:

	December 31,		December 31,
	2017		2016
Inventories	(in thousands)
Raw materials	$	743	$	738
Work-in-process		290		357
Finished goods		162		173
Total inventories	$	1,195	$	1,268

	December 31,		December 31,
	2017		2016
Property, plant and equipment, net	(in thousands)
Furniture, machinery and equipment	$	1,231	$	914
Leasehold improvements		551		514
		1,782		1,428
Less: accumulated depreciation		(1,257)		(1,118)
Total property, plant and equipment, net	$	525	$	310

Depreciation expense totaled $128 thousand and $57 thousand in 2017 and 2016, respectively.  There were no significant disposals of property, plant and equipment in 2017 and 2016.

	December 31,		December 31,
	2017		2016
Intangibles, net	(in thousands)
Patents and trademarks	$	402	$	360
Less: accumulated amortization		(333)		(316)
Total intangibles, net	$	69	$	44

Amortization expense totaled $17 thousand and $9 thousand in 2017 and 2016, respectively.  Future amortization on existing intangibles over the next five years is as follows:

Years ending December 31,	(in thousands)
2018	$	19
2019	$	17
2020	$	16
2021	$	14
2022	$	3

	December 31,		December 31,
	2017		2016
Accrued liabilities	(in thousands, except par value)
Accrued warranty	$	3	$	2
Accrued wages and benefits		185		195
Accrued taxes, other than income taxes		4		5
Accrued vacation		88		77
Accrued other		65		55
Total accrued liabilities	$	345	$	334