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Inventories
 12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
Inventories
INVENTORIES
 
Inventories are stated at the lower of standard cost (which approximates actual cost determined using the first-in, first-out cost method) or market and consists of the following (in thousands):
  
 
At December 31,
 
2016
 
2015
 
 
 
 
Raw materials
$
5,144

 
$
4,577

Finished goods
9,561

 
4,577

Reserve for excess, obsolete, and slow moving inventories
(5,236
)
 
(1,422
)
Inventories, net
$
9,469

 
$
7,732



During the first half of 2016 we initiated an aggressive inventory procurement plan in order to meet the expected demand based on the commercial sales growth experienced during the first six months of the year. While we did not achieve this level of demand, we had already committed to inventory purchases into the third quarter due to manufacturing and shipment lead times. As a result, our gross inventory levels increased $5.6 million as of December 31, 2016 compared to December 31, 2015. After evaluation of historical sales, current economic trends, forecasted sales, and product lifecycles, we charged $4.0 million to cost of sales from continuing operations for excess, obsolete, and slow moving inventories in 2016 compared to $1.5 million and $194 thousand in 2015 and 2014, respectively.