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Inventory
3 Months Ended
Jun. 30, 2011
Inventory  
Inventory Disclosure [Text Block]

Inventories, net of reserves, consisted of the following:

 

 

As of

 

June 30, 2011

December 31, 2010

Current:

 

Raw materials

 

854

776

Finished goods

 

9,358

8,004

 

10,212

8,780

Long-term:

 

Raw materials

 

241

                569

Finished goods

 

1,784

2,048

 

2,025

                2,617

 

Long-term inventory represents inventory held in excess of our current requirements based on our recent sales and forecasted level of sales. We have developed programs to reduce the inventory to normal operating levels in the near future. We expect to sell the above inventory, net of reserves, at or above the stated cost and believe that no loss will be incurred on its sale.

 

Current finished goods include consigned inventory in the amounts of approximately $1,393 and $1,742 as of June 30, 2011 and December 31, 2010, respectively. Consigned inventory represents inventory at distributors and other customers where revenue recognition criteria have not been achieved.

 

The following table summarizes the losses incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory during the three and six months ended June 30, 2011 and 2010 respectively.

 

 

Three months ended

Six months ended

 

June 30, 2011

June 30, 2010

June 30, 2011

June 30, 2010

Losses incurred on valuation of inventory and write-off of obsolete inventory

 

-

60

-

145