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INVENTORIES
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories consisted of the following:
(In thousands)December 31,
2021
December 31, 2020
Raw materials$3,603 $2,243 
Work in process1,441 1,109 
Finished goods1,997 1,087 
Gross inventories7,041 4,439 
Less: provision for obsolescence(263)(388)
Inventories, net$6,778 $4,051 

During 2020, the Company reassessed its forecasted product mix due to COVID-19, increased availability of newer handpiece designs, and improved timing of product registrations in some of our foreign markets. As a result, certain products were reduced to a lower carrying value, and some components were also written down as the Company determined to cease further production on these older models. The total impairment was approximately $0.4 million and is included in cost of sales in the accompanying Consolidated Statement of Operations for 2020. Later in 2020, the Company’s forecasts were revised, and it subsequently utilized a portion of the written down components and approximately $0.1 million of the impairment was recovered through the sale of the corresponding manufactured handpieces. There were no such impairments in 2021.