Annual report pursuant to Section 13 and 15(d)

Inventory

v3.23.1
Inventory
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
Inventory

5. Inventory

 

Inventory consists of the following ($ in thousands):

  

    December 31,     December 31,  
    2022     2021  
Raw materials   $ 295     $ 178  
Work-in-progress     51       88  
Finished goods     156       25  
Inventory, gross     502       291  
Less: Inventory reserve for excess and slow moving inventory     -       -  
Total   $ 502     $ 291  

 

Inventory is maintained at the Company’s warehouse, an outsourced third-party contract manufacturing vendor, and at Amazon fulfillment centers. The Company builds its contract manufacturing products based on customer orders and immediately ships the products upon completion of the production process.