Note G - Inventories

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Inventory Disclosure [Text Block]

G. Inventories

Inventories are valued at the lower of cost or net realizable value using the FIFO (first-in, first-out) method. 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 reserve for excess and obsolete inventory as of March 31, 2023 and December 31, 2022 was $58,000 and $49,000, respectively.

Inventories are comprised of the following (in thousands):

	March 31, 2023		December 31, 2022
Raw materials	$	228	$	258
Work in process		9		7
Total Inventories, net	$	237	$	265