Note 5 – Inventory

Inventory is stated at lower of cost or net realizable value using the weighted average cost method and is evaluated at least annually for impairment. Write-downs for potentially obsolete or excess inventory are made based on management’s analysis of inventory levels, historical obsolescence and future sales forecasts. For the three and six months ended June 30, 2022, an inventory impairment of $0 and $159, respectively, was recorded. There were no inventory write-down charges for the three and six months ended June 30, 2021.

Inventory at June 30, 2022 and December 31, 2021 consisted of the following:

Schedule of Inventory