Inventory

9 Months Ended

Sep. 30, 2024

Inventory Disclosure [Abstract]

Inventory

Inventory

Components of inventory, net of reserves, as of September 30, 2024 and December 31, 2023 were as follows (table in thousands):

	September 30, 2024		December 31, 2023
Inventory - Current Portion
Raw Materials	$	2,152	$	2,250
Work in Process	319		351
Finished Goods	3,417		3,270
Total Current Inventory	5,888		5,871
Inventory - Long Term (1)	178		178
Total Inventory	$	6,066	$	6,049

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1.Represents inventory related to Triferic raw materials, which is expected to be utilized for the Company's international partnerships, net of a reserve of $1.1 million related to the termination of the development of Triferic in Wanbang in August 2023 as a result of the failure to demonstrate efficacy when compared with a placebo in its phase III clinical studies.

As of September 30, 2024 and December 31, 2023, Rockwell had total current concentrate inventory aggregating $6.2 million and $5.9 million, respectively, against which Rockwell had reserved $0.3 million and $25,000 at September 30, 2024 and December 31, 2023, respectively.