Annual report pursuant to Section 13 and 15(d)

Inventory

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Inventory
 12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventory

7. Inventory

 

Inventory consists of the following ($ in thousands):

 

    December 31,     December 31,  
    2023     2022  
Raw materials   $ 899     $ 295  
Work-in-progress     12       51  
Finished goods     408       156  
Inventory, gross     1,319       502  
Less: Inventory reserve for excess and slow moving inventory     -       -  
Total   $ 1,319     $ 502  

 

Inventory is maintained at the Company’s warehouses and at fulfillment centers owned by Amazon, Walmart and CVS. The Company builds its contract manufacturing products based on customer orders and immediately ships the products upon completion of the production process.