Inventory

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Inventory

5. Inventory

Inventory consists of the following (in thousands):

	December 31, 2024			December 31, 2023
Raw materials	$	5,223		$	5,918
Work in process		1,103			1,034
Finished goods		4,382			3,413
Reserve for excess and obsolescence		(2,377	)		(1,939	)
Total inventory	$	8,331		$	8,426

At the closing of the acquisition, GAAP accounting required us to record all acquired inventory at its market value.

The Company had approximately $2.4 million in reserve for excess and obsolescence. The reserve includes the fair value of slow-moving acquired inventory and the value of Niobe Systems and related raw materials and spare parts.