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Inventories
9 Months Ended
Sep. 30, 2023
Inventories  
Inventories

Note 4. Inventories

 

Inventories consisted of the following:

 

 

 

September 30, 2023

 

 

December 31, 2022

 

Raw materials

 

$27

 

 

$-

 

Finished goods

 

 

37

 

 

 

-

 

Inventories

 

$64

 

 

$-

 

 

There were no inventory obsolescence charges for the three and nine months ended September 30, 2023.  Due to Legacy Ra Medical’s RIF and decision to discontinue enrollment of patients in its clinical trial, the Company suspended manufacturing activities in June 2022 and disposed of substantially all inventories in July 2022, resulting in a write-down of $1.0 million in its inventories to net realizable value.  Such expense is included in restructuring and impairment charges in the unaudited condensed consolidated statements of operations for the nine months ended September 30, 2022.