Note 5 - Inventories, Net

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

5.  INVENTORIES, NET

Inventory is recorded at the lower of cost or net realizable value. The cost of substantially all the Company’s inventory is determined by the FIFO cost method. Inventories consisted of the following:

	December 31,
	2021		2020
Finished goods	$	1,027	$	1,249
Work in process		2		64
Raw materials		537		1,342
Inventories - net	$	1,566	$	2,655

As part of product line exit costs (see Note 1) end of life raw material costs aggregating $621 were written off during the year ended December 31, 2021. During the year ended December 31, 2020 the Company wrote off $68 of raw material and scrap parts primarily due to startup production, model changes and improvements.