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Inventories, Net
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Inventory Disclosure [Abstract]    
Inventories, net
4.
Inventories, net

Inventories consist of the following:

 

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Finished products

 

$

4,773

 

 

$

2,607

 

Finished products - Long Term

 

 

2,620

 

 

 

2,376

 

Raw materials - Long Term

 

 

578

 

 

 

532

 

Total inventories, net

 

$

7,971

 

 

$

5,515

 

Finished products - Long Term represents inventory not expected to be sold in the next twelve months. Raw materials - Long Term represents the components and parts currently being stored in our Taiwan facility that will be shipped to our manufacturing partners and will not be used within one year.

Total inventory of $3.5 million was acquired in the Acquisition and recorded at fair value on the acquisition date. Refer to Note 21 Acquisitions for more information.

Note 4. Inventories, net

Inventories, net consisted of the following:

 

 

 

December 31,

 

 

December 31,

 

(in thousands)

 

2023

 

 

2022

 

Finished products

 

$

2,607

 

 

$

4,567

 

Finished products - Long Term

 

$

2,376

 

 

$

—

 

Raw materials - Long Term

 

$

532

 

 

$

—

 

Total inventories, net

 

$

5,515

 

 

$

4,567

 

 

Finished products - Long Term represents inventory not expected to be sold in the next twelve months. Raw materials - Long Term represents the components and parts currently being stored in our Taiwan facility that will be shipped to our manufacturing partners.