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Inventories
12 Months Ended
Dec. 31, 2016
Inventories

3. Inventories

Inventories consist of the following (in thousands):

 

     December 31,  
     2016      2015  

Raw materials

   $ —        $ —    

Work-in-process

     2,120        —    

Finished goods

     211        —    
  

 

 

    

 

 

 

Total Inventory

   $ 2,331      $ —    
  

 

 

    

 

 

 

As of December 31, 2015, the Company recorded a write-off of all of its inventory. There were no raw materials as of December 31, 2016 because purchases of raw materials in 2016 were recorded at zero value because they had been accrued at December 31, 2015 through the loss on purchase commitment. Work-in-process and finished goods as of December 31, 2016 include conversion costs but not materials cost because the materials used in its production were previously written off.