INVENTORY

3 Months Ended

Mar. 31, 2022

INVENTORY

NOTE 5 - 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): 

	March 31, 2022			December 31, 2021
Raw materials	$	74		$	66
Packaging components		108			117
Work-in-process		54			40
Finished goods		650			753
		886			976
Reserve for obsolescence		(100	)		(112	)
Total inventory	$	786		$	864