Quarterly report pursuant to Section 13 or 15(d)

6. INVENTORY

v3.22.1
6. INVENTORY
3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
6. INVENTORY

6. INVENTORY

Inventory consists of the following:

             
      March 31,     December 31,
(in thousands)     2022     2021
Raw materials   $                   1,815   $                      1,780

 

  $                   1,815   $                      1,780

 

 

 

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.