Inventory

6 Months Ended

Jun. 30, 2020

Note 3 – Inventory

Inventory is valued at the lower of cost or net realizable value, with cost determined by the

first-in,

first-out

method. The Company regularly reviews inventory quantities on hand and records a reserve for excess and/or obsolete inventory primarily based upon the estimated usage of its inventory as well as other factors. Inventories consisted of the following (in thousands) and include an inventory reserve of approximately $0.2 million and $0.5 million as of June 30, 2020 and December 31, 2019, respectively.


	As of June 30, 2020			As of December 31, 2019
Raw materials	$	1,734		$	1,572
Work in process		159			39
Finished Goods		1,675			1,469

Inventory Gross		3,568			3,080
Inventory Reserve		(220	)		(469	)

Inventory Net	$	3,348		$	2,611