Note 7 - Inventory

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 7 – 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 consisted of the following as of the dates indicated:

	March 31,			December 31,
(in thousands)	2020			2019
Raw materials	$	10,237		$	9,818
Work in process		499			501
Total inventory		10,736			10,319
Allowance for obsolescence		(229	)		(244	)
Inventory, net of allowance	$	10,507		$	10,075