Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.20.2
Inventory
 9 Months Ended
Sep. 30, 2020
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,

 

 

 

2020

 

 

2019

 

Raw materials

 

$

4,077

 

 

$

3,689

 

Work-in-process

 

 

1,105

 

 

 

1,064

 

Finished goods

 

 

7,410

 

 

 

6,242

 

Inventory

 

$

12,592

 

 

$

10,995

 

 

Inventory has been reduced by estimates for excess and obsolete amounts totaling $1.0 million and $1.3 million as of September 30, 2020 and December 31, 2019, respectively.