Note 6 - Inventories

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 6 – Inventories

The Company values its inventory at the lower of cost or net realizable value. Cost includes materials, labor, and manufacturing overhead and is determined using the first-in, first-out (FIFO) method. On a quarterly basis, management reviews inventory quantities on hand and analyzes the provision for excess and obsolete inventory based primarily on product expiration dating and estimated sales forecast, which is based on sales history and anticipated future demand. Inventory consisted of the following at March 31, 2024 and December 31, 2023, respectively:

	March 31, 2024			December 31, 2023
Raw materials	$	504		$	583
Work in process		50			55
Finished goods		257			324
Inventory gross		811			962
Inventory reserve		(61	)		(45	)
Inventory net	$	750		$	917