INVENTORY

9 Months Ended

Sep. 30, 2022

INVENTORY

INVENTORY

NOTE 5 - INVENTORY

Inventory consists of finished goods. The Company’s inventory is stated at the lower of cost (FIFO cost basis) or net realized value.

As of September 30, 2022 and December 31, 2021, the carrying value of inventory consisted of the following (in thousands):

	September 30, 2022			December 31, 2021
Finished Goods	$	750		$	730
Reserve for obsolescence		(110	)		(109	)
Total inventory	$	640		$	621

For the three months ended September 30, 2022 and 2021, inventory reserve adjustments amounted to $0.102 million and $0.173 million, respectively. For the nine months ended September 30, 2022 and 2021, inventory reserve adjustments amounted to $0.108 million and $0.176 million, respectively.