Annual report pursuant to Section 13 and 15(d)

Inventory

v3.21.1
Inventory
 12 Months Ended
Dec. 31, 2020
Inventory  
Inventory

6.Inventory

Inventory consists of the following ($ in thousands):

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

    

2020

    

2019

Raw materials

 

$

190

 

$

113

Work-in-progress

 

 

22

 

 

 —

Finished goods

 

 

21

 

 

 —

 

 

 

233

 

 

113

Less: Inventory reserve for excess and slow moving inventory

 

 

 —

 

 

 —

Total

 

$

233

 

$

113

 

As a contract manufacturer, the Company builds its products based on customer orders and immediately ships the products upon completion of the production process.