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Inventories

6 Months Ended

Jun. 30, 2024

Inventories

Inventories

6. Inventories

Inventories, net of reserves, as of June 30, 2024 and December 31, 2023 consisted of the following:

		June 30, 2024				December 31, 2023
Current:
Raw materials		$	2,971			$	2,086
Finished goods			11,628				8,539
		$	14,599			$	10,625

Long-term:
Raw materials		$	997			$	1,789
Finished goods			775				1,354
		$	1,772			$	3,143

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 three and six months ended June 30, 2024 and 2023 was as follows:

		Three months ended June 30,								Six months ended June 30,
		2024				2023				2024				2023
Net loss (gain) incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory		$	(95)			$	80			$	98			$	103