Inventory

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventory

Inventory

Inventory (gross) was $1,175,000 and $2,552,000 as of December 31, 2022 and 2021, respectively, and consisted primarily of equipment related to our Mezzanine™ product offerings, including cameras, tracking hardware, computer equipment, display equipment and amounts related to our Collaboration Products segment. Inventory consists of finished goods, was determined using average costs, and was stated at the lower of cost or net realizable value.

The Company periodically performs analyses to identify obsolete or slow-moving inventory. As of December 31, 2022 and 2021, reserves for obsolete or slow moving inventory were recorded of $452,000 and $731,000, respectively. Inventory is shown net of the obsolescence reserve on our Consolidated Balance Sheet. The reserve adjustment recorded to cost of goods sold was a net increase of $316,000 and $525,000 for the years ended December 31, 2022 and 2021, respectively.