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Note 7 - Inventory
9 Months Ended
Sep. 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:

 


 

   

September 30,

   

December 31,

 

(in thousands)

 

2020

   

2019

 
Raw materials   $ 10,650     $ 9,818  
Work in process     16       501  

Total inventory

    10,666       10,319  
Allowance for obsolescence     (264 )     (244 )

Inventory, net of allowance

  $ 10,402     $ 10,075