Inventories

9 Months Ended

Sep. 30, 2023

Inventories

Inventories

6. Inventories

Inventories, net of reserves, as of September 30, 2023 and December 31, 2022 consisted of the following:  

	September 30, 2023		December 31, 2022
Current:
Raw materials	$	3,210	$	4,499
Finished goods		5,454		4,462
	$	8,664	$	8,961
Long-term:
Raw materials	$	1,302	$	1,068
Finished goods		1,568		1,639
	$	2,870	$	2,707

Long-term inventory represents inventory held in excess of our current (next 12 months) requirements based on our recent sales and forecasted level of sales. We expect to sell the above inventory, net of reserves, at or above the stated cost and believe that no loss will be incurred on its sale, although there can be no assurance of the timing or amount of any sales. 

Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory for three and nine months ended September 30, 2023 and 2022 was as follows:   

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Net loss incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory	$	3	$	194	$	105	$	221