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Inventories net
 12 Months Ended
Dec. 31, 2023
Inventories net  
Inventories, Net

2. Inventories, net

 

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

 

 

 

December 31,

2023

 

 

December 31,

2022

 

Finished goods

 

$4,622

 

 

$2,965

 

Work in process

 

 

8,275

 

 

 

7,313

 

Raw materials

 

 

11,055

 

 

 

11,827

 

 

 

$23,952

 

 

$22,105

 

 

Changes in the allowance for slow-moving, excess, and obsolete inventory are as follows:

 

 

 

Years Ended December 31,

 

 

 

2023

 

 

2022

 

Balance, beginning of year

 

$1,247

 

 

$1,288

 

Charged to cost of sales

 

 

591

 

 

 

81

 

Disposal of inventory

 

 

—

 

 

 

(122)

Balance, end of year

 

$1,838

 

 

$1,247

 

 

During the year ended December 31, 2022, the Company recorded one-time, non-cash write-offs of new product developmental materials and inventory of $900 related to the BKR products, $646 was recorded in Selling, general and administrative expenses and $254 was recorded as a cost of products.