XML 24 R14.htm IDEA: XBRL DOCUMENT v3.20.2
Note 7 - Inventory
6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 7 – Inventory

 

Inventory consists primarily of raw materials, which are recorded at the lower of cost or market using the average-cost method, which approximates first-in, first-out (FIFO) cost. The Company periodically reviews its inventory for slow-moving, damaged and discontinued items and provides allowances to reduce such items identified to their recoverable amounts.

 

The Company’s inventory consisted of the following as of the dates indicated:

 


 

   

June 30,

   

December 31,

 

(in thousands)

 

2020

   

2019

 
Raw materials   $ 10,784     $ 9,818  
Work in process     228       501  

Total inventory

    11,012       10,319  
Allowance for obsolescence     (238 )     (244 )

Inventory, net of allowance

  $ 10,774     $ 10,075