XML 19 R9.htm IDEA: XBRL DOCUMENT v3.23.1
Inventories, Net
3 Months Ended
Mar. 31, 2023
Inventories, Net  
Inventories, Net

4. Inventories, Net

 

Inventories, which are presented net of allowance for slow moving, excess, and obsolete inventory, consisted of the following:

 

 

 

March 31, 2023

 

 

December 31, 2022

 

Finished goods

 

$3,355

 

 

$2,965

 

Work in process

 

 

8,220

 

 

 

7,313

 

Raw materials

 

 

11,254

 

 

 

11,827

 

 

 

$22,829

 

 

$22,105

 

 

Allowances for slow-moving, excess, or obsolete inventory are used to state the Company’s inventories at the lower of cost or net realizable value. The allowances were approximately $1,161 at March 31, 2023, compared with approximately $1,247 at December 31, 2022.