Inventory, net

3 Months Ended

Mar. 31, 2025

Inventory, net.

Inventory, net

Note 5 - Inventory, net

Inventory as of March 31, 2025, and December 31, 2024, consists of the following (in thousands):

	Successor		Successor
	March 31,		December 31,
	2025		2024
Raw materials	$	1,542	$	1,683
Work-in-Process		105		388
Finished goods		663		495
Total inventory	$	2,310	$	2,566

Obsolete and expired inventory are expensed as incurred. Inventory is recorded net of obsolescence and manufacturing scrap of $0.2 million and $0.2 million for the three months ended March 31, 2025 (Successor), and March 31, 2024 (Predecessor), respectively.