INVENTORIES

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories include the following at December 31:
	2021		2020
	(thousands of dollars)
Raw material	$	2,348	$	2,580
Work in process	212		138
Finished products	18,574		10,227
Total inventory	$	21,134	$	12,945

Inventory serves as collateral for our amended and restated loan agreement with a domestic bank (see Note 13).

Inventory included products in transit valued at approximately $4.9 million and $3.6 million at December 31, 2021 and 2020, respectively.