Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.22.2.2
Inventories
 9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]  
Inventories

Note 6. Inventories

Inventories are estimated at the lower of cost or net realizable value (“NRV”), with NRV based on selling prices in the ordinary course of business, less costs of completion, disposal, and transportation. Costs are determined on the first-in, first-out (“FIFO”) method.

 

Inventories consisted of the following:

 

 

 

Period Ended

 

 

 

September 30,
2022

 

 

December 31,
2021

 

Raw materials

 

$

4,482

 

 

$

4,967

 

Work in process

 

 

9,965

 

 

 

5,368

 

Finished goods

 

 

1,968

 

 

 

3,506

 

Tooling

 

 

225

 

 

 

605

 

Subtotal

 

 

16,640

 

 

 

14,446

 

Allowance for obsolescence

 

 

(809

)

 

 

(1,281

)

Total

 

$

15,831

 

 

$

13,165