INVENTORIES

12 Months Ended

Dec. 31, 2021

INVENTORIES

INVENTORIES

NOTE 4 – INVENTORIES

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

	2021		2020
Finished goods	$	51,346	$	20,997
Spare parts		260		265
Reserve for inventory obsolescence		(599)		(349)
Advanced shipping costs		584		-
Inventories, net	$	51,591	$	20,913

The Company wrote off inventories of $624,000 and $31,000 for the years ended December 31, 2021 and 2020, respectively.