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Inventories net
6 Months Ended
Jun. 30, 2024
Inventories net  
Inventories, Net

Note 4. Inventories, Net

 

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

 

June 30, 2024

December 31, 2023

Finished goods

$4,907$4,622

Work in process

5,4768,275

Raw materials

11,20811,055
$21,591$23,952

 

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 $1,333 as of June 30, 2024, compared with approximately $1,838 as of December 31, 2023.