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Subsequent Event
6 Months Ended
Jun. 30, 2021
Leases  
13. Subsequent Event

13. Subsequent Event

 

Effective July 1, 2021, the Company changed its accounting to burden the material at the time of purchase receipts. Prior to July 1, 2021, the Company applied the material burden at the time the inventory was issued to work in progress. This change resulted in a net increase of approximately $1.3 million in inventory and retained earnings.