Inventories
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Dec. 31, 2014
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Inventories |
Inventories, which are primarily purchased from third parties, consist of the following:
The Company terminated its relationship with Seesmart’s logistics supplier in 2013. All related inventories were returned to Seesmart during March 2013. During 2012, as a result of deteriorating market conditions and aggressive pricing by competitors, the Company experienced a decrease in market price for certain Array products in its LED replacement lamps and fixtures segment. For the year ended December 31, 2012, the Company recorded a reserve for obsolete inventory of $387,000 due to this decrease in market price. In 2013 certain of these inventories were written off. |