Inventory

3 Months Ended

Mar. 31, 2025

Inventory [Abstract]

Inventory

Note 5 — Inventory

Inventories are stated at the lower of cost or net realizable value, with cost principally determined by the weighted-average cost method on a first-in, first-out basis. Such costs include the acquisition cost for raw materials and operating supplies. The Company’s standard payment terms with suppliers may require making payments in advance of delivery of the Company’s products. The Company’s prepaid inventory is applied to the purchase of products once they are delivered.

Inventory consisted of the following as of March 31, 2025 and December 31, 2024:

	March 31,			December 31,
(In thousands)	2025			2024
Finished goods		442			500
Raw materials	$	250		$	—
Packaging materials		70			—
Inventory, gross		762			500
Inventory reserves		(24	)		—
Total inventory, net	$	738		$	500

Inventory Reserves

The Company establishes an inventory reserve for obsolete, slow moving, and defective inventory. The Company calculates inventory reserves for obsolete, slow moving, or defective items as the difference between the cost of inventory and its estimated net realizable value. The reserves are based upon management’s expected method of disposition.