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Inventories
3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

Note 6. Inventories

Inventories are estimated at the lower of cost or net realizable value (“NRV”), with NRV based on selling prices in the ordinary course of business, less costs of completion, disposal, and transportation. Costs are determined on the first-in, first-out (“FIFO”) method.

 

Inventories consisted of the following:

 

 

 

Period Ended

 

 

 

March 31,
2022

 

 

December 31,
2021

 

Raw materials

 

$

3,388

 

 

$

4,967

 

Work in process

 

 

7,839

 

 

 

5,368

 

Finished goods

 

 

1,689

 

 

 

3,506

 

Tooling

 

 

604

 

 

 

605

 

 

 

 

13,520

 

 

 

14,446

 

Allowance for obsolescence

 

 

(979

)

 

 

(1,281

)

Total

 

$

12,541

 

 

$

13,165