Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.21.2
Inventory
9 Months Ended
Sep. 30, 2021
Inventory Disclosure [Abstract]  
Inventory

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. There was an inventory impairment of $186 and $0, respectively, for the three and nine months ended, September 30, 2021 and 2020.

 

Inventory at September 30, 2021 and December 31, 2020 consisted of the following:

 

    September 30,
2021
    December 31,
2020
 
Raw materials   $ 269     $ 333  
Work-in-process    
-
      211  
Finished goods     681       529  
Inventory reserve     (435 )     (268 )
Inventory   $ 515     $ 805