Inventories

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories, which are all within the Telco segment, at March 31, 2023 and December 31, 2022 are as follows, in thousands:

	March 31, 2023		December 31, 2022
New equipment	$	2,144	$	2,286
Refurbished and used equipment	10,443		11,148
Allowance for excess and obsolete inventory	(4,118)		(3,871)
Total inventories, net	$	8,469	$	9,563

New equipment includes products purchased from manufacturers plus “surplus-new”, which are unused products purchased from other distributors or multiple system operators.  Refurbished and used equipment includes factory refurbished, Company refurbished and used products. Generally, the Company does not refurbish its used inventory until there is a sale of that product or to keep a certain quantity on hand.