Inventories

3 Months Ended

Mar. 31, 2023

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, 2023		December 31, 2022
Raw materials	$	2,936	$	3,347
Finished goods	4,509		4,656
Reserves for excess, obsolete, and slow-moving inventories	(2,507)		(2,527)
Inventories, net	$	4,938	$	5,476

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

	Three months ended March 31,
	2023		2022
Beginning balance	$	(2,527)	$	(3,050)
Accrual	(56)		(145)
Reduction due to sold inventory	76		16
Reserves for excess, obsolete, and slow-moving inventories	$	(2,507)	$	(3,179)