Inventories

6 Months Ended

Jun. 30, 2025

Inventory Disclosure [Abstract]

Inventories

5. Inventories

Inventories consist of the following (in thousands):

	June 30, 2025			December 31, 2024
Raw materials	$	6,494		$	5,223
Work in process		1,508			1,103
Finished goods		4,263			4,382
Reserve for excess and obsolescence		(2,657	)		(2,377	)
Total inventory	$	9,608		$	8,331

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

The Company had approximately $2.7 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.