Inventory, net

6 Months Ended

Jun. 30, 2024

Inventory, net

Inventory, net

7. Inventory, net

Inventory, net consists of the following:

	June 30, 2024		December 31, 2023
Raw materials	$	2,124	$	2,639
Work-in-process		1,009		708
		3,133		3,347
Less Inventory Reserve for Obsolescence		(1,489)		(526)
Total	$	1,644	$	2,821

As of June 30, 2024 and December 31, 2023, inventory balances include inventory costs subsequent to regulatory approval of KORSUVA injection on August 23, 2021. During the three and six months ended June 30, 2024, the Company wrote down $1,489 of commercial supply inventory due to obsolescence.