Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
3 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
Inventory

NOTE 7 - 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 first-in first-out (FIFO) method. Inventory is shown net of a valuation reserve of $487 at December 31, 2019, and $583 at March 31, 2020.

 

Inventories consist of the following:

 

    December 31, 2019     March 31, 2020  
          (Unaudited)  
Components   $ 8,183     $ 7,567  
Work in process     210       167  
Finished goods     7,988       7,415  
                 
    $ 16,381     $ 15,149