Inventory consisted of the following:

	December 31,
	2016				2015
	(In thousands)
Component parts (1)	$	115			$	131
Work-in-process (2)	18				333
Finished goods	353				1,525
Total inventory	486				1,989
Inventory reserve	(40		)		(437		)
Inventory — net	$	446			$	1,552

(1) Component parts inventory consisted of manufactured components of the ILUVIEN applicator.

(2) Work-in-process consisted of completed units of ILUVIEN that are undergoing, but have not completed, quality assurance testing as required by U.S. or EEA regulatory authorities.