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Inventory | 12 Months Ended
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Dec. 31, 2023
Inventory Disclosure [Abstract] |
Inventory | Inventory Our inventory, net of allowance for obsolescence of $4.0 million and $0.1 million at December 31, 2023 and 2022, respectively, consisted of the following:
| December 31,
| 2023 |  | 2022
| (in thousands)
Inventory, net of allowance for obsolescence of $2,836 and $0, respectively | $ | 20,227 |  |  | $ | 21,354 |
Work-in-process | 1,412 |  |  | 2,060 |
Inventory current | 21,639 |  |  | 23,414 |
Raw materials - long term (net of allowances of $1,168 and $120, respectively) | 701 |  |  | 1,557 |
Inventory total | $ | 22,340 |  |  | $ | 24,971 |
Our long-term inventory consists of raw materials that remain viable but which the Company does not expect to sell or use within the next year. Inventory Allowance We routinely review our inventory allowance balance to account for slow moving or obsolete inventory costs that may not be recoverable in the future. For the year ended December 31, 2023, our provision for excess and obsolete inventory totaled $4.0 million. The majority of this amount was due to a 2023 charge related to the company's decision to cease future compressor fabrication at our Midland facility, which reduced the expected future demand of certain inventory items held at this facility. A summary of our inventory allowance is as follows:
| Year Ended December 31,
| 2023 |  | 2022
| (in thousands)
Beginning balance | $ | 120 |  |  | $ | 64 |
Additions | 3,965 |  |  | 83 |
Write-offs | (81) |  |  | (27) |
Ending balance | $ | 4,004 |  |  | $ | 120 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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