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Note 4 - Inventories
6 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 4 - 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. The Company periodically reviews the composition of its inventories to identify obsolete, slow-moving or otherwise unsaleable items. In the event that such items are identified and there are no alternate uses for the inventory, the Company will record a charge to reduce the value of the inventory to net realizable value in the period first recognized. The Company incurred inventory write-downs of $0.1 million and zero for each of the three months ended December 31, 2023 and 2022, respectfully, and $0.1 million for each of the six months ended December 31, 2023 and 2022.

 

Inventory balances consist of the following:

 

  

December 31,

  

June 30,

 
  

2023

  

2023

 
  

(in thousands)

 

Raw materials

 $1,654  $1,301 

Work in process

  2,674   2,956 

Finished goods

  8,673   7,738 

Inventories

 $13,001  $11,995