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Inventories

6 Months Ended

Jun. 30, 2013

7.	Inventories

Inventories, net of allowances consisted of the following:


	June 30, 2013		December 31, 2012
	($ in ‘000’s)
Raw materials	$	1,580	$	887
Work-in-process		4,150		7,302
Finished goods		9,582		6,289

	$	15,312	$	14,478

We continually review product inventories on hand, evaluating inventory levels relative to product demand, remaining shelf life, future marketing plans and other factors, and record reserves for obsolete and slow-moving inventories for amounts which we may not realize.

- 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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