Inventories

9 Months Ended

Sep. 30, 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):

	September 30, 2023		December 31, 2022
Raw materials	$	3,066	$	3,347
Finished goods	4,295		4,656
Reserves for excess, obsolete, and slow-moving inventories	(2,460)		(2,527)
Inventories, net	$	4,901	$	5,476

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

	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Beginning balance	$	(2,400)	$	(2,792)	$	(2,527)	$	(3,050)
Accrual	(169)		(241)		(155)		(442)
Reduction due to sold inventory	109		21		222		278
Write-off for disposed inventory	—		353		—		555
Reserves for excess, obsolete, and slow-moving inventories	$	(2,460)	$	(2,659)	$	(2,460)	$	(2,659)