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INVENTORIES

3 Months Ended

Mar. 31, 2015

INVENTORIES

Inventories (net of allowance for obsolescence) consisted of the following:



	Dollars in Thousands
	March 31, 2015			December 31, 2014
Finished goods	$	2,108		$	2,139
Raw materials and work in process	1,263			1,302
Demonstration inventory	214			192
	$	3,585		$	3,633
Less allowance for obsolescence	(601		)	(628		)
Total	$	2,984		$	3,005

- 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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