Inventory |
3 Months Ended | |||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2025 | ||||||||||||||||||||||||||||||||||||||
| Inventory | ||||||||||||||||||||||||||||||||||||||
| Inventory |
The Company’s inventory consists of the following:
Using lower of cost or net realizable value (“NRV”) calculations, the Company reduced the inventory valuation by $2,598 and $1,139 for the three months ended March 31, 2025 and 2024, respectively. In the three months ended March 31, 2025, $498 of the NRV adjustment related to produced inventory and $2,100 related to non-produced inventory. There were no non-produced NRV adjustments in the three months ended March 31, 2024. |