Inventory

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventory

Inventory

Inventory (gross) was $930,000 and $1,175,000 as of December 31, 2023 and 2022, respectively, and consisted 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, as determined using average costs, and was stated at the lower of cost or net realizable value..

As of December 31, 2023 and 2022, reserves for obsolete or slow moving inventory were recorded of $691,000 and $452,000, respectively. Inventory is shown net of the obsolescence reserve on our Consolidated Balance Sheets. The reserve

adjustment recorded to cost of goods sold was a net increase of $342,000 and $316,000 for the years ended December 31, 2023 and 2022, respectively. The following table summarizes our inventory reserve activity (in thousands):

Reserve balance as of December 31, 2021	$	(731)
Reserve adjustments	(316)
Disposals	595
Reserve balance as of December 31, 2022	(452)
Reserve adjustments	(342)
Disposals	103
Reserve balance as of December 31, 2023	$	(691)