Inventories net

3 Months Ended

Mar. 31, 2024

Inventories net

Inventories, Net

Note 4. Inventories, Net

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

	March 31, 2024		December 31, 2023
Finished goods	$	4,042	$	4,622
Work in process		7,053		8,275
Raw materials		11,448		11,055
	$	22,543	$	23,952

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 $1,333 as of March 31, 2024, compared with approximately $1,838 as of December 31, 2023.