v3.26.1
Inventories
 6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories

7. Inventories

 

Inventories are comprised of the following:

 

(in thousands)  June 30,
2026		   December 31,
2025		 
Inventory, short-term:          
Finished product  $862   $1,426 
Work in process   67    - 
Raw materials   

168

    - 
Total inventory, short-term  $1,097   $1,426 
Inventory, long term          
Finished product  $741   $1,102 
Work in process   1,017    649 
Raw materials   1,900    1,978 
Total inventory, long-term  $3,658   $3,729 
Total inventories  $4,755   $5,155 

 

Our long-term inventory balance relates to the RhodoLED® Lamps. During the six months ended June 30, 2026, the Company recognized an inventory write-down of $0.1 million in connection with the U.S. International Trade Commission’s May 6, 2026 Notice of Final Determination (See Note 17. Commitments and Contingencies). The write-down was recognized to reduce the carrying value of the affected inventory to its net realizable value in accordance with ASC 330-10-35 and is presented within cost of revenues, other in the condensed consolidated statements of operations. Other than the write-down noted above, no inventory write-downs or obsolescence reserves were recognized during the three and six months ended June 30, 2026 and 2025 that were material to the condensed consolidated financial statements.