Note 3 - Inventories

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

3.

Inventories

Inventories consist of finished goods, raw materials and work in process and are stated at the lower of cost or net realizable value and consist of the following (in thousands):

	As of December 31,
	2019		2018
Raw materials	$	1,153	$	694
Work-in-process		593		160
Finished goods		1,549		—
Inventories	$	3,295	$	854

During the year ended

December 31, 2019,

the Company recorded a write-down of inventory of approximately

$1.0

million as a result of an analysis to estimate potential DSUVIA inventory that

may

expire before being sold. This represents initial DSUVIA batches produced for development and therefore represented shorter dated product than batches manufactured for commercial sale. During the year ended

December 31, 2017,

the Company recorded an inventory impairment charge of

$0.4

million, primarily for Zalviso raw materials inventory on hand, plus related purchase commitments. Inventory that has been impaired is recorded in cost of goods sold in the accompanying Consolidated Statements of Comprehensive Loss.