Note 10 - Inventory

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 10 – Inventory

Inventory consists primarily of raw materials, which are recorded at the lower of cost or market using the average-cost method, which approximates first-in, first-out (FIFO) cost. The Company periodically reviews its inventory for slow-moving, damaged and discontinued items and provides allowances to reduce such items identified to their recoverable amounts.

The Company’s inventory consists of the following:

	December 31,
(in thousands)	2019			2018
Raw materials	$	9,818		$	9,560
Work in process		501			792
Total inventory		10,319			10,352
Allowance for obsolescence		(244	)		(265	)
Inventory, net of allowance	$	10,075		$	10,087