INVENTORY - Note 6

3 Months Ended

Mar. 31, 2019

Inventory Disclosure

Inventory - Note 6

6. INVENTORY

Inventory consists of the following:

		March 31,		December 31,
(in thousands)		2019		2018
Raw materials	$	32	$	32
Finished goods		1,030		1,077
	$	1,062	$	1,109

Inventory consists of raw materials and finished goods assemblies. Inventory is computed using the first-in, first-out (FIFO) method and is stated at the lower of cost and net realizable value. Management periodically assesses the need to account for obsolescence of inventory and adjusts the carrying value of inventory to its net realizable value when required. As of March 31, 2019 and December 31, 2018, $1.4 million of materials that are not expected to be consumed during the next twelve months are classified as "other assets" on the balance sheet.