XML 22 R10.htm IDEA: XBRL DOCUMENT v3.23.1
Inventories
 12 Months Ended
Dec. 31, 2022
Inventories  
Inventories

4. Inventories

 

Inventories, net of reserves, consisted of the following:

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Current:

 

 

 

 

 

 

 

 

Raw materials

 

$

4,499

 

 

$

4,085

 

Finished goods

 

 

4,462

 

 

 

5,948

 

Total

 

$

8,961

 

 

$

10,033

 

Long-term:

 

 

 

 

 

 

 

 

Raw materials

 

$

1,068

 

 

$

1,980

 

Finished goods

 

 

1,639

 

 

 

1,587

 

Total

 

$

2,707

 

 

$

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 have developed programs to reduce the inventory to normal operating levels in the near future. 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.

 

The losses incurred on valuation of inventory at the lower of cost or market value and write-off of obsolete inventory amounted to $120 and $850 during the years ended December 31, 2022 and 2021, respectively.