Inventory

Inventory consists of raw material, work-in-process and finished goods stated at the lower of cost or net realizable value with cost determined on a first-in, first-out basis. The Company reviews the composition of inventory at each reporting period in order to identify obsolete, slow-moving, quantities in excess of expected demand, or otherwise non-salable items.

Inventory as of September 30, 2019 and December 31, 2018 are as follows:



	September 30, 2019		December 31, 2018
	(in thousands)
Work-in-Process	$	223	$	—
Raw Materials	73		147
Finished Goods	177		95
Inventory, Net	$	473	$	242