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Inventory
3 Months Ended
Mar. 31, 2024
Inventory  
Inventory

3. Inventory

Inventories are stated at the lower of average cost or net realizable value and consist of the following:

    

March 31, 

    

December 31, 

2024

2023

Raw materials

$

1,303

$

Work in process

 

2,214

 

Inventory

$

3,517

$

Prelaunch Inventory

During the quarter ended March 31, 2024, we capitalized costs of $3.5 million associated with the manufacture of YUTREPIA as a result of our determination that regulatory approval and subsequent commercialization is probable and we also expect future economic benefit from the sales of the product to be realized.