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Inventories
12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
Inventories

F. 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, 2020 and 2019 was $1,219,000 and $1,015,000, respectively. The components of inventory as of December 31, 2020 and 2019 are summarized below:

 

 

 

December 31,

 

 

 

2020

 

 

2019

 

 

 

(in thousands)

 

Raw materials

 

$

2,080

 

 

$

2,134

 

Work in process

 

 

2,467

 

 

 

2,640

 

Finished goods

 

 

733

 

 

 

1,242

 

Total Inventories, net

 

$

5,280

 

 

$

6,016