Inventories, Net

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories, net

4.Inventories, net

Inventories consist of the following:

	March 31,		December 31,
(in thousands)	2024		2023
Finished products	$	6,074	$	2,607
Finished products - Long Term		2,319		2,376
Raw materials - Long Term		578		532
Total inventories, net	$	8,971	$	5,515

Finished products - Long Term represents inventory not expected to be sold in the next twelve months. Raw materials - Long Term represents the components and parts currently being stored in our Taiwan facility that will be shipped to our manufacturing partners.

Total inventory of $3.5 million was acquired in the Acquisition and recorded at fair value on the acquisition date. Refer to Note 21 Acquisitions for more information.