v3.25.2
Inventory, net
6 Months Ended
Jun. 30, 2025
Inventory, net.  
Inventory, net

Note 5 - Inventory, net

Inventory as of June 30, 2025, and December 31, 2024, consists of the following (in thousands):

Successor

Successor

June 30, 

December 31, 

    

2025

    

2024

Raw materials

$

1,564

$

1,683

Work-in-Process

92

388

Finished goods

 

185

 

495

Total inventory

$

1,841

$

2,566

Obsolete and expired inventory are expensed as incurred. Inventory is recorded net of obsolescence and manufacturing scrap of $0.1 million and $0.3 million for the three and six months ended June 30, 2025 (Successor), respectively, and $0.1 million and $0.3 million for the three and six months ended June 30, 2024 (Predecessor), respectively. As of June 30, 2025, all the Company’s inventory is related to VT products and Consoles.