Note 3 - Inventory

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 3 - Inventory

Net inventory was zero and $239,000 as of December 31, 2024, and 2023, respectively. Inventory (gross) was $882,000 and $930,000 as of December 31, 2024, and 2023, respectively, and consisted of equipment related to our Mezzanine™ product offerings, including cameras, tracking hardware, computer equipment, display equipment, and amounts related to our Collaboration Products segment. Inventory consists of finished goods, as determined using average costs, and was stated at the lower of cost or net realizable value.

As of December 31, 2024, and 2023, reserves for obsolete or slow-moving inventory were recorded at $882,000 and $691,000, respectively. Inventory is shown net of the obsolescence reserve on our Consolidated Balance Sheets. The reserve adjustment recorded to the cost of revenue was a net increase of $191,000 and $342,000 for the years ended December 31, 2024, and 2023, respectively. The following table summarizes our inventory reserve activity (in thousands):

Reserve balance as of December 31, 2022		(452	)
Reserve adjustments		(342	)
Disposals		103
Reserve balance as of December 31, 2023		(691	)
Reserve adjustments		(191	)
Reserve balance as of December 31, 2024	$	(882	)