Inventory

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

Inventory

Inventory

Inventory includes unprocessed tissue, work-in-process, Avance® Nerve Graft, Axoguard Nerve Connector®, Axoguard Nerve Protector®, Axoguard Nerve Cap®, and Axotouch® Two-Point Discriminator finished goods and supplies. Inventory is valued at the lower of cost (first-in, first-out) or net realizable value and consists of the following:

(In thousands)	March 31, 2022		December 31, 2021
Finished goods	$	11,856	$	11,011
Work in process	851		813
Raw materials	4,693		4,869
Inventory	$	17,400	$	16,693

The provision for inventory write-downs was $459 and $783 for the three months ended March 31, 2022, and 2021, respectively.