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Inventory, Net
6 Months Ended
Jun. 30, 2022
Inventory, Net [Abstract]  
INVENTORY, NET

NOTE 9 INVENTORY, NET

 

Inventory consisted of the following as of June 30, 2022 and December 31, 2021:

 

(Amounts in thousands)  June 30,
2022
   December 31,
2021
 
Raw materials  $5,999   $6,587 
Work in progress   1,043    1,202 
Finished goods   1,039    3,592 
Total inventory   8,081    11,381 
Reserve   (605)   (1,132)
Total inventory, net  $7,476   $10,249 

 

The Company maintains a perpetual inventory system which is supplemented by periodic reviews of inventory quantities on hand. The Company records an impairment for excess and obsolete inventory, when necessary, based on factors including its estimated forecast of product demand, the stage of the product life cycle and production requirements for the units in question.