Inventory

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

4. Inventory

The Company’s major classes of inventory were as follows:

	September 30, 2024			December 31, 2023
Raw materials	$	42		$	3,081
Work in progress		10,284			10,696
Finished goods		8,720			10,922
Inventory, gross		19,046			24,699
Less: inventory reserves		(2,239	)		(2,289	)
Inventory, net	$	16,807		$	22,410
Balance Sheet Classification:
Inventory	$	3,963		$	5,753
Inventory, net of current portion		12,844			16,657
Inventory, net	$	16,807		$	22,410

Inventory, net of current portion includes inventory expected to remain on-hand beyond one year from each balance sheet date presented.

4. Inventory

The Company’s major classes of inventories were as follows:

	2023			2022
	December 31,
	2023			2022
Raw materials	$	3,081		$	7,719
Work in progress		10,696			12,381
Finished goods		10,922			9,256
Inventory, gross		24,699			29,356
Less: inventory reserves		(2,289	)		(1,099	)
Inventory, net	$	22,410		$	28,257
Balance Sheet Classification:
Inventory		5,753			5,308
Inventory, net of current portion		16,657			22,949
Inventory, net	$	22,410		$	28,257

Inventory, net of current portion includes inventory expected to remain on-hand beyond one year from each balance sheet date presented.

The Company recognized a $5,384 inventory impairment charge during the year ended December 31, 2023 in the consolidated statements of operations due to lower of cost or market adjustments of $2,129 for finished goods and $3,255 for work in progress. No inventory impairment was recognized during the year ended December 31, 2022.

A schedule of the activity in the inventory reserves is as follows:

Schedule of Inventory Reserves

Balance at January 1, 2022	$	48
Additions for obsolete inventory		1,051
Balance at December 31, 2022		1,099
Additions for obsolete inventory		7,627
Write-offs		(6,437	)
Balance at December 31, 2023	$	2,289