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Inventory
9 Months Ended
Sep. 30, 2018
Inventory  
Inventory

6.     Inventory

Our inventory balance consists of the following:

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

 

    

2018

    

2017

 

 

 

(in thousands)

 

Raw materials

 

$

481

 

$

1,062

 

Work-in-process

 

 

4,944

 

 

8,615

 

Finished goods

 

 

5,993

 

 

4,771

 

 

 

 

11,418

 

 

14,448

 

Inventories-current

 

 

5,993

 

 

6,482

 

Inventories-non-current

 

$

5,425

 

$

7,966

 

 

Inventories, stated at the lower of cost and net realizable value, consist of raw materials, work in process and finished goods. At September 30, 2018, $6.0 million of inventory was classified as current on the condensed consolidated balance sheet as we expect this inventory to be consumed for commercial use within the next twelve months. At September 30, 2018, $5.4 million of inventory was classified as non-current on the condensed consolidated balance sheets as we did not expect this inventory to be consumed for commercial use within the next twelve months.  We obtain some inventory components from a limited number of suppliers due to technology, availability, price, quality or other considerations. The loss of a supplier, the deterioration of our relationship with a supplier, or any unilateral violation of the contractual terms under which we are supplied components by a supplier could adversely affect our total revenues and gross margins.