Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
Inventory

8. Inventory

 

Inventory consists of the following ($ in thousands):

 

    March 31,     December 31,  
    2024     2023  
Raw materials   $ 828     $ 899  
Work-in-progress     30       12  
Finished goods     511       408  
Inventory, gross     1,369       1,319  
Less: Inventory reserve for excess and slow moving inventory     -       -  
Total   $ 1,369     $ 1,319  

 

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.