Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

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INVENTORY
6 Months Ended
Jun. 30, 2021
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 $515 at December 31, 2020, and $607 at June 30, 2021.

 

 

Inventories consist of the following:

 

    December 31, 2020     June 30, 2021  
          (Unaudited)  
Components   $ 7,697     $ 6,693  
Work in process     237       348  
Finished goods, net     4,939       6,431  
                 
 Inventory, Net   $ 12,873     $ 13,472