INVENTORY

9 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

INVENTORY

NOTE 6. INVENTORY

Inventories consisted of the following at September 30, 2023 and December 31, 2022 (in thousands):

	September 30,		December 31,
	2023		2022
Raw materials	$	1,392	$	1,827
Work in process	504		2,115
Finished goods	1,657		1,252
	$	3,553	$	5,194

During the three and nine months ended September 30, 2023, the Company recorded a charge of $1.2 million to write-down excess quantities of instrument inventory on hand above and beyond our forecast of future demand for those products. This write-down primarily reduced the value of work in process inventory as of September 30, 2023.