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Note 6 - Inventories
6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 6 Inventories

 

The Company values its inventory at the lower of cost or net realizable value. Cost includes materials, labor, and manufacturing overhead and is determined using the first-in, first-out (FIFO) method. On a quarterly basis, management reviews inventory quantities on hand and analyzes the provision for excess and obsolete inventory based primarily on product expiration dating and estimated sales forecast, which is based on sales history and anticipated future demand. Inventory consisted of the following at June 30, 2024 and December 31, 2023, respectively:

 

  

June 30, 2024

  

December 31, 2023

 

Raw materials

 $499  $583 

Work in process

  77   55 

Finished goods

  204   324 

Inventory gross

  780   962 

Inventory reserve

  (78)  (45)

Inventory net

 $702  $917