Inventory, net

3 Months Ended

Mar. 31, 2024

Inventory, net

Inventory, net

7. Inventory, net

Inventory, net consists of the following:

	March 31, 2024		December 31, 2023
Raw materials	$	2,142	$	2,639
Work-in-process		644		708
		2,786		3,347
Less Inventory Reserve for Obsolescence		(45)		(526)
Total	$	2,741	$	2,821

As of March 31, 2024 and December 31, 2023, inventory balances include inventory costs subsequent to regulatory approval of KORSUVA injection on August 23, 2021. There were no write-downs of commercial supply inventory during the three months ended March 31, 2024 and 2023.