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Inventory
 6 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
Inventory

NOTE 5—INVENTORY

Inventory is valued at the lower of cost or net realizable value and is comprised of the following (in thousands):

 

 

 

June 30,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Raw materials

 

$

5,454

 

 

$

4,444

 

Work-in-process

 

 

2,175

 

 

 

1,726

 

Finished goods

 

 

8,944

 

 

 

6,759

 

Inventory

 

$

16,573

 

 

$

12,929

 

 

Inventory has been reduced by estimates for excess and obsolete amounts totaling $1.0 million as of June 30, 2022 and December 31, 2021.