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Note 9 - Other Financial Statement Information

6 Months Ended

Jun. 30, 2024

Additional Financial Information Disclosure [Text Block]

9. Other Financial Statement Information

Inventories, Net

Inventories are valued at the lower of cost or net realizable value using the first-in, first-out ("FIFO") method. The Company reduces the value of its inventories to net realizable value when the net realizable value is believed to be less than the cost of the item.

The components of inventory as of June 30, 2024 and December 31, 2023 are summarized below:

	*June 30, 2024*			*December 31, 2023*
Raw materials	$	4,504		$	4,368
Work in process		4,484			4,150
Finished goods		1,756			1,634
Total gross inventory		10,744			10,152
Reserve for excess and obsolete inventory		(1,403	)		(1,268	)
Inventories, net	$	9,341		$	8,884

Property, Plant and Equipment, Net

The components of property, plant and equipment as of June 30, 2024 and December 31, 2023 are summarized below:

	*June 30, 2024*			*December 31, 2023*
Land	$	536		$	536
Buildings and improvements		5,321			5,216
Machinery and equipment		20,936			20,046
Gross property, plant and equipment		26,793			25,798
Less: Accumulated depreciation		(22,106	)		(21,667	)
Property, plant and equipment, net	$	4,687		$	4,131

Intangible Assets, Net

The components of intangible assets as of June 30, 2024 and December 31, 2023 are summarized below:

	*June 30, 2024*			*December 31, 2023*
Intellectual property	$	1,226		$	1,226
Goodwill		40			40
Gross intangible assets		1,266			1,266
Less: Accumulated amortization		(1,226	)		(1,221	)
Intangible assets, net	$	40		$	45