INVENTORIES

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

As of June 30, 2022 and December 31, 2021, the Company’s inventories consisted of the following:

	June 30, 2022		December 31, 2021
Raw materials	$	87,092	$	46,273
Work-in-process	11,218		10,920
Finished goods	73,670		33,863
Reserve	(32,933)		(2,668)
Total inventories	$	139,047	$	88,388

During the three and six months ended June 30, 2022, the Company recorded a charge of $42.8 million primarily related to excess and obsolescent inventory that is reflected within the cost of product revenue line item of the condensed statements of operations. This charge is primarily related to an overbuild of inventory and, in addition, identification of certain products which are not expected to perform in line with the Company’s quality standards. Of the $42.8 million charge, $30.6 million was recorded to inventory reserve and $12.3 million was recorded to product warranty reserve.