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Inventories
6 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
Inventories

Inventories consist of raw materials, work in process and finished goods and are recorded at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Aytu periodically reviews the composition of its inventories to identify obsolete, slow-moving or otherwise unsaleable items. If unsaleable items are observed and there are no alternate uses for the inventory, Aytu will record a write-down to net realizable value in the period that the impairment is first recognized. We currently have a reserve of $11,000 for slow moving inventory as of December 31, 2018 and $0 at June 30, 2018.

 

 Inventory balances consist of the following:

 

    December 31, 2018     June 30, 2018  
Finished goods   $ 1,158,000     $ 239,000  
Raw materials     498,000       1,100,000  
Reserve     (11,000 )     -  
Total inventory   $ 1,645,000     $ 1,339,000