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Inventories
6 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
Inventories are stated at the lower of standard cost (which approximates actual cost determined using the first-in, first-out cost method) or net realizable value, and consist of the following (in thousands):
June 30,
2022
December 31,
2021
Raw materials$3,758 $3,882 
Finished goods6,202 7,034 
Reserves for excess, obsolete, and slow-moving inventories (2,792)(3,050)
Inventories, net$7,168 $7,866 
The following is a roll-forward of the reserves for excess, obsolete, and slow-moving inventories (in thousands):
Three months ended
June 30,
Six months ended
June 30,
2022202120222021
Beginning balance$(3,179)$(2,983)$(3,050)$(2,894)
Accrual(56)(201)(98)
Reduction due to sold inventory241 24 257 36 
Write-off for disposed inventory202 — 202 — 
Reserves for excess, obsolete, and slow-moving inventories$(2,792)$(2,956)$(2,792)$(2,956)

As part of our expense reduction initiatives, we have significantly decreased our warehouse space beginning in the third quarter of 2022. In connection with the space reduction, in the second quarter of 2022, we began disposing of a substantial portion of our excess and obsolete commercial finished goods inventory that was more than 90% reserved. As of June 30, 2022, approximately $204 thousand of such inventory had been disposed of. Additional inventory management efforts are expected to continue in the third quarter of 2022 in order to free up additional space in the warehouse.