INVENTORIES

3 Months Ended

Mar. 31, 2026

Inventories are stated at the lower of standard cost (which approximates actual cost determined using the first-in, first-out cost method) or net realizable value, and consist of the following (in thousands):


	March 31, 2026		December 31, 2025
Raw materials	$	1,245	$	930
Finished goods	3,113		2,591
Reserves for excess, obsolete, and slow-moving inventories	(664)		(591)
Inventories, net	$	3,694	$	2,930

The following is a roll-forward of the reserves for excess, obsolete, and slow-moving inventories (in thousands):


	Three months ended March 31,
		2026		2025
Beginning balance		$	(591)	$	(347)
Accrual		(90)		(61)
Reduction due to inventory sold		17		47
Reserves for excess, obsolete, and slow-moving inventories		$	(664)	$	(361)