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Note 8 - Inventory
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 8 – Inventory

 

Inventory consists primarily of raw materials, which are recorded at the lower of cost or market using the standard 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:

 


 

   

March 31,

   

December 31,

 

(in thousands)

 

2021

   

2020

 

Total inventory

  $ 10,267     $ 11,122  
Allowance for obsolescence     (349 )     (260 )

Inventory, net of allowance

  $ 9,918     $ 10,862