Note B - Inventories

12 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Inventory Disclosure [Text Block]

B. Inventories

Inventories, net, consisted of the following at

June 

30

(in thousands):

	20 20			2019
Raw materials	$	20,863		$	18,322
Work in progress		3,447			3,785
Finished goods		4,936			5,002
Reserve		(1,274	)		(1,106	)
	$	27,972		$	26,003

The inventory reserve as of

June 30, 2020,

includes a reserve of

$1.0

million related to

one

of our former customers, Kaged Muscle. We are working with this former customer to transition to a replacement manufacturer, including the transfer of inventory items we hold specific to this customer. However, due to the uncertainty regarding the future operations of this former customer, we recorded a reserve against inventory specific to this customer equal to the estimated net realizable value of those items. The inventory reserve as of

June 30, 2019,

includes a reserve of

$686,000

related to our

first

generation SR CarnoSyn® powder.