Note 6 - Inventories

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Inventory Disclosure [Text Block]

6. Inventories

The components of inventories are as follows:

	September 30, 2022
	(in thousands)
	Gross Carrying Amount		Reserve Balance			Net Carrying Amount
Finished goods	$	13,053	$	(3,521	)	$	9,532
Raw materials		5,491		(2,547	)		2,944
Total inventories	$	18,544	$	(6,068	)	$	12,476
Current Portion	$	9,990	$	(955	)	$	9,035
Long-term portion		8,554		(5,113	)		3,441
Total inventories	$	18,544	$	(6,068	)	$	12,476

	December 31, 2021
	(in thousands)
	Gross Carrying Amount		Reserve Balance			Net Carrying Amount
Finished goods	$	13,066	$	(2,987	)	$	10,079
Raw materials		8,324		(2,695	)		5,629
Total inventories	$	21,390	$	(5,682	)	$	15,708
Current Portion	$	9,931	$	(1,297	)	$	8,634
Long-term portion		11,459		(4,385	)		7,074
Total inventories	$	21,390	$	(5,682	)	$	15,708

The Company has determined that its December 31, 2021 inventory footnote presentation overstated raw materials and understated finished goods by $2.5 million.  For comparative purposes, the Company’s prior year inventory footnote has been revised to reflect the adjustment to raw materials and finished goods.  The revision had no effect on the previously reported total gross and net carrying value of inventory.  The revision also had no effect on the previously reported consolidated balance sheets, statements of operations and comprehensive loss, cash flows and stockholders’ equity.