Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.22.2.2
Inventory
9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]  
Inventory

NOTE 5—INVENTORY

Inventory is valued at the lower of cost or net realizable value and is comprised of the following (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Raw materials

 

$

6,465

 

 

$

4,444

 

Work-in-process

 

 

2,192

 

 

 

1,726

 

Finished goods

 

 

7,770

 

 

 

6,759

 

Inventory

 

$

16,427

 

 

$

12,929

 

 

Inventory has been reduced by estimates for excess and obsolete amounts totaling $1.3 million and $1.0 million as of September 30, 2022 and December 31, 2021, respectively.