Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.23.1
Inventory
 3 Months Ended
Mar. 31, 2023
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):

 

 

 

March 31,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Raw materials

 

$

7,833

 

 

$

6,697

 

Work-in-process

 

 

2,141

 

 

 

1,871

 

Finished goods

 

 

7,801

 

 

 

7,316

 

Inventory

 

$

17,775

 

 

$

15,884

 

 

Inventory has been reduced by estimates for excess and obsolete amounts totaling $2.1 million and $2.2 million as of March 31, 2023 and December 31, 2022, respectively.