Annual report pursuant to Section 13 and 15(d)

Inventories

v3.24.1
Inventories
 12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventories

Note 6 – Inventories, net

Inventories is comprised of the following items:

 

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

Supplies

 

$

 

5,331

 

 

$

 

7,018

 

Raw materials

 

 

 

7,110

 

 

 

 

8,903

 

Work in process

 

 

 

6,351

 

 

 

 

5,807

 

Finished goods

 

 

 

6,614

 

 

 

 

8,702

 

Inventory reserve

 

 

 

(24

)

 

 

 

(630

)

Total

 

$

 

25,382

 

 

$

 

29,800

 

 

Inventories are written down for any obsolescence or when the net realizable value considering future events and conditions is less than the carrying value. For the year ended December 31, 2023, the Company recorded $0.9 million (December 31, 2022 – $0.4 million), related to spoiled inventory in costs and expenses applicable to revenues on the consolidated statements of operations.