Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.24.1.1.u2
Inventory
3 Months Ended
Mar. 31, 2024
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,

 

 

 

2024

 

 

2023

 

Raw materials

 

$

6,139

 

 

$

6,168

 

Work-in-process

 

 

1,466

 

 

 

1,299

 

Finished goods

 

 

3,668

 

 

 

3,966

 

Inventory

 

$

11,273

 

 

$

11,433

 

 

Inventory has been reduced by estimates for excess and obsolete amounts totaling $2.5 million as of March 31, 2024 and December 31, 2023.