Inventory, net

12 Months Ended

Dec. 31, 2024

Inventory, net.

Inventory, net

Note 5 - Inventory, net

Inventory as of December 31, 2024 and December 31, 2023 consists of the following (in thousands):

	Successor		Predecessor
	December 31,		December 31,
	2024		2023
Raw materials	$	1,683	$	2,211
Work-in-Process		388		197
Finished goods		495		914
Total inventory	$	2,566	$	3,322

Obsolete and expired inventory are expensed as incurred. Inventory is recorded net of obsolescence and manufacturing scrap of $0.8 million, $58.0 thousand, and $93.6 thousand for the periods from January 1, 2024 to July 30, 2024 (Predecessor), from July 31, 2024 to December 31, 2024 (Successor), and the year ended December 31, 2023 (Predecessor), respectively.