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Inventories

9 Months Ended

Sep. 30, 2022

Inventories

Inventories

6. Inventories

Inventories, net of reserves, as of September 30, 2022 and December 31, 2021 consisted of the following:

		September 30, 2022				December 31, 2021
Current:
Raw materials		$	4,835			$	4,085
Finished goods			4,873				5,948
		$	9,708			$	10,033

Long-term:
Raw materials		$	1,380			$	1,980
Finished goods			1,581				1,587
		$	2,961			$	3,567

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, 2022 and 2021 was as follows:

		Three months ended September 30,								Nine months ended September 30,
		2022				2021				2022				2021
Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory		$	194			$	116			$	221			$	798