INVENTORIES, NET

6 Months Ended

Jun. 30, 2021

INVENTORIES, NET

4. INVENTORIES, NET

4.  INVENTORIES, NET

Inventory is recorded at the lower of cost or net realizable value. The cost of substantially all the Company’s inventory is determined by the FIFO cost method. Inventories consisted of the following:

	June 30,		December 31,
	2021		2020
Finished goods	$	2,190	$	1,249
Work in process		152		64
Raw materials		495		1,342
Inventories, net	$	2,837	$	2,655

As part of product line exit costs (see Note 1) end of life raw material costs aggregating $531 were written off during the quarter ended June 30, 2021.