Inventories consist of the following (in thousands): | | | | | | | | | June 30, 2024 | | December 31, 2023 | | | | | | | Raw Material | | $ | 224 | | $ | — | Work In Progress | | | 17,198 | | | 14,021 | Finished Goods | | | 4,108 | | | 2,992 | Total Inventories | | $ | 21,530 | | $ | 17,013 | | | | | | | |
Inventories are classified on the Consolidated Balance Sheets in each respective period (in thousands): | | | | | | | | | June 30, 2024 | | December 31, 2023 | CURRENT ASSETS | | | | | | | Inventories | | $ | 8,498 | | $ | 5,065 | Total recorded in Current Assets | | | 8,498 | | | 5,065 | | | | | | | | NONCURRENT ASSETS | | | | | | | Other assets | | | 13,032 | | | 11,948 | Total recorded in Noncurrent Assets | | | 13,032 | | | 11,948 | Total Inventories | | $ | 21,530 | | $ | 17,013 |
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