INVENTORIES

3 Months Ended

Mar. 31, 2024

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, 2024		December 31, 2023
Raw materials	$	2,390	$	2,189
Finished goods	4,626		4,803
Reserves for excess, obsolete, and slow-moving inventories	(2,619)		(2,553)
Inventories, net	$	4,397	$	4,439

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

	Three months ended March 31,
	2024		2023
Beginning balance	$	(2,553)	$	(2,527)
Accrual	(155)		(56)
Reduction due to sold inventory	89		76
Reserves for excess, obsolete, and slow-moving inventories	$	(2,619)	$	(2,507)