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Note 4 - Inventories
3 Months Ended
Sep. 30, 2024
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 for both the three months ended September 30, 2024, and 2023, primarily as a result of unsalable and slow-moving products.

 

Inventories consist of the following:

 

  

September 30,

  

June 30,

 
  

2024

  

2024

 
  

(in thousands)

 

Raw materials

 $720  $266 

Work in process

  3,363   5,725 

Finished goods

  7,656   6,150 

Inventories

 $11,739  $12,141