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Inventories

6 Months Ended

Jun. 30, 2014

4.	Inventories

Inventories at June 30, 2014 and December 31, 2013 consisted of the following (in thousands):

	June 30, 2014		December 31, 2013
Finished systems	$	13	$	24
Raw materials and service parts		764		927
Work in progress		202		40
		979		991
Less: Reserve for obsolete inventory		(444)		(444)
	$	535	$	547

Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out (FIFO) method of inventory valuation. The Company evaluated the reserve as of June 30, 2014 and December 31, 2013

- 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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