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INVENTORIES
 3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
NOTE 2. INVENTORIES

Inventories are stated at the lower of cost or market. Finished goods and work-in-process inventories include material, labor, and overhead costs. Factory overhead costs are allocated to inventory manufactured in-house based upon labor hours.

 

Inventories at March 31, 2016 and December 31, 2015 were as follows (in thousands):

 

    March 31,     December 31,  
    2016     2015  
             
Raw materials   $ 6,101     $ 4,627  
Work in process     502       483  
Finished goods     1,600       2,080  
Gross inventories     8,203       7,190  
Less: reserve for obsolescence     (1,642 )     (1,233 )
                 
Net inventories   $ 6,561     $ 5,957