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Inventories

12 Months Ended

Jun. 30, 2021

Inventories

Inventories

5. Inventories

Inventory balances consist of the following:

​

​	​	​	​	​	​	​
​	​	​	​	​	​	​
​	​	June 30,
​	​	2021		​	2020
​	(In thousands)
Raw materials		$	2,269		$	397
Work in process	​	​	3,346	​	​	—
Finished goods	​		10,724	​		9,602
Inventory, net	​	$	16,339	​	$	9,999

​

The Company wrote down $7.3 million and $1.3 million of inventory during the years ended June 30, 2021 and 2020, respectively, primarily as a result of changing market conditions for the Company's COVID-19 test kits.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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