v3.24.2.u1
Inventories, net
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Inventories

Note 2. Inventories, net

Inventories, net consisted of the following:

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

2024

 

 

2023

 

Raw materials

 

$

11,762

 

 

$

10,867

 

Work in process

 

 

1,436

 

 

 

546

 

Finished goods and related items

 

 

13,079

 

 

 

13,857

 

Total inventories, net

 

$

26,277

 

 

$

25,270

 

At June 30, 2024 and December 31, 2023, finished goods and related items included $9.0 million and $7.6 million, respectively, of finished neat PHA. Inventory at June 30, 2024 and at December 31, 2023 is stated net of reserves of $0.6 million and $0.9 million, respectively, related to interim assessments to reduce the carrying value of inventory to its net realizable value.