Inventories

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories are stated at the lower of standard cost (which approximates actual cost determined using the first-in, first-out cost method) or net realizable value, and consist of the following (in thousands):

	March 31, 2021		December 31, 2020
Raw materials	$	4,373	$	2,695
Finished goods	6,125		5,840
Reserves for excess, obsolete, and slow-moving inventories	(2,983)		(2,894)
Inventories, net	$	7,515	$	5,641

The following is a roll-forward of the reserves for excess, obsolete, and slow-moving inventories (in thousands):

	Three Months Ended March 31, 2021		Twelve months ended December 31, 2020
Beginning balance	$	(2,894)	$	(3,518)
Accrual	(101)		281
Reduction due to sold inventory	12		343
Reserves for excess, obsolete, and slow-moving inventories	$	(2,983)	$	(2,894)