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Inventories

9 Months Ended

Sep. 30, 2021

Inventories

Inventories

6. Inventories

Inventories, net of reserves, as of September 30, 2021 and December 31, 2020 consisted of the following:

		September 30, 2021				December 31, 2020
Current:
Raw materials		$	1,772			$	1,182
Finished goods			7,446				9,281
		$	9,218			$	10,463

Long-term:
Raw materials		$	1,648			$	1,977
Finished goods			1,665				2,613
		$	3,313			$	4,590

Long-term inventory represents inventory held in excess of our current (next 12 months) requirements based on our recent sales and forecasted level of sales. We expect to sell the above inventory, net of reserves, at or above the stated cost and believe that no loss will be incurred on its sale, although there can be no assurance of the timing or amount of any sales.

Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory for the three and nine months ended September 30, 2021 and 2020 was as follows:

		Three months ended September 30,								Nine months ended September 30,
		2021				2020				2021				2020
Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory		$	116			$	277			$	798			$	937