Quarterly report pursuant to Section 13 or 15(d)

6. INVENTORY

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6. INVENTORY
 9 Months Ended
Sep. 30, 2021
Inventory Disclosure [Abstract]  
6. INVENTORY

6. INVENTORY

Inventory consists of the following:

             
      September 30,     December 31,
(in thousands)     2021     2020
Raw materials   $                   1,182   $                      -
Finished goods                          -                          -

 

   $                   1,182   $                      -

 

 

 

Inventory consists of raw materials and finished goods assemblies. Inventory is computed using the first-in, first-out (FIFO) method and is stated at the lower of cost and net realizable value. Management periodically assesses the need to account for obsolescence of inventory and adjusts the carrying value of inventory to its net realizable value when required.