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Note 9 - Inventory
6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 9 – Inventory

 

Inventory consists primarily of raw materials, which are recorded at the lower of cost and net realizable value 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:

 


 

  

June 30,

  

December 31,

 

(in thousands)

 2022  2021 

Total inventory

 $15,817  $13,474 

Allowance for obsolescence

  (766)  (313)

Inventory, net of allowance

 $15,051  $13,161