Inventory

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Inventory

Inventory

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

	December 31, 2024		December 31, 2023
Inventory - Current Portion
Raw Materials	$	3,010	$	2,250
Work in Process	367		351
Finished Goods	2,401		3,270
Total Current Inventory	5,778		5,871
Inventory - Long Term(1)	178		178
Total Inventory	$	5,956	$	6,049

__________

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 December 31, 2024 and 2023, Rockwell had total current concentrate inventory aggregating $6.2 million and $5.9 million, respectively, against which Rockwell had reserved $0.5 million and an immaterial amount, respectively.