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INVENTORY
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
INVENTORY

 

6. INVENTORY

 

Inventories are stated at the lower of cost and net realizable value. Costs are determined using the first in-first out (FIFO) method. As of December 31, 2023 and 2022, inventory consists of the following (in thousands):

          
   December 31,   December 31, 
   2023   2022 
Finished goods  $1,953   $2,814 
Work in process   2,006    1,771 
Raw materials   7,974    7,661 
Total inventory  $11,933   $12,246