Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net

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Inventories, Net
3 Months Ended
Mar. 31, 2017
Inventory Disclosure [Abstract]  
Inventories, Net

3. Inventories, net

 

Inventories consisted of the following (in thousands):

 

    March 31, 2017     December 31, 2016  
Raw materials   $ 685     $ 761  
WIP     185       75  
Finished goods     6,103       6,377  
    $ 6,973     $ 7,213  

 

Finished goods included consigned inventory totaling approximately $3.0 million and $5.6 million as of March 31, 2017 and December 31, 2016, respectively. As of March 31, 2017, inventories totaling $1,425 and $5,548 were classified as current and long-term, respectively. Inventories classified as current represent the carrying value of inventories as of March 31, 2017 that management estimates will be sold by March 31, 2018. As of December 31, 2016, all inventories were classified as current.