Inventories Net

9 Months Ended

Sep. 30, 2023

Inventories Net

Inventories, Net

4. Inventories, Net

Inventories, which are presented net of allowance for slow moving, excess, and obsolete inventory, consisted of the following:

	September 30, 2023		December 31, 2022
Finished goods	$	4,271	$	2,965
Work in process		7,042		7,313
Raw materials		10,260		11,827
	$	21,573	$	22,105

Allowances for slow-moving, excess, or obsolete inventory are used to state the Company’s inventories at the lower of cost or net realizable value. The allowances were approximately $1,186 as of September 30, 2023, compared with approximately $1,247 as of December 31, 2022.