INVENTORY

12 Months Ended

Dec. 31, 2021

INVENTORY

INVENTORY

NOTE 5 – INVENTORY

Inventory consists of raw materials, packaging components, work-in-process and finished goods. The Company’s inventory is stated at the lower of cost (FIFO cost basis) or Net Realized Value.

The carrying value of inventory consisted of the following (in thousands):

	December 31, 2021			December 31, 2020
Raw Materials	$	66		$	64
Packaging Components		117			54
Work-In-Process		40			22
Finished Goods		753			603
	$	976		$	743
Reserve for Obsolescence		(112	)		(294	)
Total inventory	$	864		$	449