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

NOTE 6 – INVENTORY

 

Inventory, which primarily consists of finished goods and components used in the Company’s products, is stated at the lower of cost or net realizable value using the “moving average” cost method or the first-in first-out (FIFO) method. Inventory is shown net of a valuation reserve of $453 at December 31, 2022, $524 at December 31, 2023 and $538 at March 31, 2024.

 

Inventories consist of the following:

   December 31, 2022   December 31, 2023  

March 31, 2024

 
             
Components  $12,443   $10,272   $9,403 
Work in process   462    31    49 
Finished goods, net   9,367    12,299    12,206 
                
Inventory, Net  $22,272   $22,602   $21,658