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INVENTORIES

12 Months Ended

Dec. 31, 2012

NOTE 3 - INVENTORIES

Inventories at December 31, 2012 and 2011 consisted of the following:

	2012		2011
Raw materials	$	8,982	$	7,456
Work in progress		1,720		1,344
Finished goods		9,991		9,837
Total inventories	$	20,693	$	18,637

On a regular basis, the Company evaluates its inventory balances for excess quantities and obsolescence by analyzing demand, inventory on hand, sales levels and other information. Based on these evaluations, inventory balances are reduced, if necessary. The reserve for inventory was $236 and $132 at December 31, 2012 and 2011, 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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