Inventories

9 Months Ended

Sep. 30, 2020

Inventory Disclosure [Abstract]

Inventories

Note 4 – Inventories

Inventories are summarized as follows:

	September 30, 2020		December 31, 2019
Raw Materials	$	1,544	$	2,891
Work in process		1,840		1,252
Finished Goods		1,855		4,341
	$	5,239	$	8,484

Inventories are stated at the lower of cost, determined by the first-in, first-out ("FIFO") method, or net realizable value.

The Company periodically analyzes anticipated product sales based on historical results, current backlog and marketing plans. Based on these analyses, the Company anticipates that certain products will not be sold during the next twelve months. Inventories that are not anticipated to be sold in the next twelve months have been written down to net realizable value.

The Company recorded a provision to reduce the carrying amounts of inventories to their net realizable value in the amount of $91 and $133 and $346 and $863 during the three months ended September 30, 2020 and 2019 and the nine months ended September 30, 2020 and 2019, respectively.