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Inventory
6 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
Inventory

(6) Inventory

Inventory is stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out method. The Company expensed costs related to inventory within the Research and development line in the Consolidated Statements of Operations until it received approval from the FDA to market a product, at which time the Company commenced capitalization of costs relating to that product. Adjustments to inventory are determined at the raw material, sub-assemblies and finished goods levels to reflect obsolescence or impaired balances.

Inventory consists of the following:

 

 

 

June 30, 2022

 

 

December 31, 2021

 

Raw materials

 

$

26

 

 

$

53

 

Sub-assemblies

 

 

4,011

 

 

 

4,656

 

Finished goods

 

 

1,655

 

 

 

645

 

 

 

 

5,692

 

 

 

5,354

 

Provision for inventory obsolescence

 

 

(437

)

 

 

(352

)

Inventory

 

$

5,255

 

 

$

5,002