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INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2015

Inventories Tables

Schedule of inventory

Inventories are stated at the lower of cost or market. Cost is determined principally on the average cost method. Inventories at March 31, 2015 and December 31, 2014 were as follows (in thousands):

		March 31,				December 31,
		2015				2014
Raw materials		$	3,806			$	4,162
Work in process			1,729				1,230
Finished goods			1,595				1,412
Gross inventories			7,130				6,804
Less: reserve for obsolescence			(1,000	)			(1,077	)
Net inventories		$	6,130			$	5,727

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- Definition

Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 2

-Paragraph 6

-Subparagraph a,b,c

-Article 5

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