Inventory (Tables)

9 Months Ended

Sep. 30, 2025

Components of inventory, net of reserves, as of September 30, 2025 and December 31, 2024 were as follows (table in thousands):


	September 30, 2025		December 31, 2024
Inventory - Current Portion
Raw Materials	$	2,180	$	3,010
Work in Process	278		367
Finished Goods	1,506		2,401
Total Current Inventory	3,964		5,778
Inventory - Long Term (1)	—		178
Total Inventory	$	3,964	$	5,956

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(1)Represents inventory related to Triferic raw materials, which was expected to be utilized for the Company's international partnerships. (See Note 4, Deferred License Revenue section). During the nine months ended September 30, 2025, the Company wrote off this remaining inventory balance, resulting in an expense of $0.2 million recorded within cost of sales in the condensed consolidated statement of operations.