Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
9 Months Ended
Sep. 30, 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. Cost is determined using the “moving-average” cost method or the first-in first-out (FIFO) method. Inventory is shown net of a valuation reserve of $487 at December 31, 2019, and $705 at September 30, 2020.

 

Inventories consist of the following:

 

    December 31, 2019     September 30, 2020  
              (Unaudited)  
Components   $ 8,183     $ 7,843  
Work in process     210       179  
Finished goods     7,988       6,332  
                 
    $ 16,381     $ 14,354