Inventory

6 Months Ended

Jun. 30, 2020

Inventory

Inventory

4. Inventory

Inventories are comprised of unprocessed tissue, work-in-process, Avance® Nerve Graft, Axoguard® Nerve Connector, Axoguard® Nerve Protector, Axoguard^® Nerve Cap, Avive^® Soft Tissue Membrane, Acroval^® Neurosensory and Motor Testing System, Axotouch^® Two-Point Discriminator and supplies and are valued at the lower of cost (first-in, first-out) or net realizable value and consist of the following:

	June 30,		December 31,
	2020		2019
Finished goods	$	9,101	$	10,403
Work in process		771		730
Raw materials		2,964		2,728
Inventories	$	12,836	$	13,861

The Company monitors the shelf life of its products and historical expiration and spoilage trends and writes-down inventory based on the estimated amount of inventory that may not be distributed before expiration or spoilage.  For the six months ended June 30, 2020 and 2019, the Company had adjustments to the provision for inventory write downs of $1,624 and ($95) respectively.