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Inventories
 3 Months Ended
Mar. 31, 2012
Inventories {1}  
Inventories Disclosure [Text Block]

4.  Inventories

 

Inventories, net of reserves, consisted of the following:

 

As of

March 31, 2012

As of

December 31, 2011

Current:

Raw materials

   $                   927

   $                1,091

Finished goods

                   13,548

                   11,474

   $              14,475

   $              12,565

Long-term:

Raw materials

   $                   827

   $                   444

Finished goods

                     1,622

                     1,461

   $                2,449

   $                1,905

 

Long-term inventory represents inventory held in excess of our current requirements based on our recent sales and forecasted level of sales. We expect to sell the above inventory, net of reserves, at or above the stated cost and believe that no loss will be incurred on its sale.

 

Current finished goods include consigned inventory in the amounts of approximately $1,441 and $1,199 as of March 31, 2012 and December 31, 2011, respectively. Consigned inventory represents inventory at distributors and other customers where revenue recognition criteria have not been achieved.

 

During the three months ended March 31, 2012, losses amounting to $90 were incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory.