Inventories

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventories

C. Inventories

The Company reduces the value of its inventories to net realizable value when the net realizable value is believed to be less than the cost of the item. The inventory reserve for excess and obsolescence inventory as of December 31, 2022 and 2021 was $1,318,000 and $1,381,000, respectively. The components of inventory as of December 31, 2022 and 2021 are summarized below:

	December 31,
	2022		2021
	(in thousands)
Raw materials	$	3,335	$	2,061
Work in process		3,173		2,190
Finished goods		1,010		970
Total Inventories, net	$	7,518	$	5,221