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Inventory

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventory

Inventory

Our inventory, net of allowance for obsolescence of $4.0 million at March 31, 2024 and $4.0 million at December 31, 2023, consisted of the following amounts:

			March 31, 2024						December 31, 2023
			(in thousands)
Inventory, net of allowance for obsolescence of $2,836,000			$	17,934					$	20,227
Work-in-process			877						1,412
Inventory - current			18,811						21,639
Raw materials - long term net of allowance of $1,168			879						701
Inventory - total			$	19,690					$	22,340

Our long-term inventory consists of raw materials that remain viable but that the Company does not expect to sell or use within one 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.

A summary of our inventory allowance is as follows:

			March 31, 2024						December 31, 2023
			(in thousands)
Beginning balance			$	4,004					$	120
Accruals			—						3,965
Write-offs			—						(81)
Ending balance			$	4,004					$	4,004

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- References

No definition available.

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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

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