INVENTORIES

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 4 – INVENTORIES

Inventories are stated at the lower of cost or net realizable value and include spare parts and finished goods. Inventories are primarily determined using specific identification and the first-in, first-out (“FIFO”) cost methods. Cost includes direct cost from the Current Manufacturer (“CM”) or Original Equipment Manufacturer (“OEM”), plus material overhead related to the purchase, inbound freight and import duty costs.

Inventories consisted of the following at September 30, 2021, and December 31, 2020 (in thousands):

	2021			2020
Finished goods	$	30,455		$	20,997
Spare parts		261			265
Reserve for inventory obsolescence		(406	)		(349	)
Advanced shipping costs		586			-
Inventories, net	$	30,896		$	20,913