Annual report [Section 13 and 15(d), not S-K Item 405]

Inventories

v3.25.1
Inventories
 12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventories

Note 6 – Inventories, net

Inventories is comprised of the following items:

 

 

 

As of December 31,

 

 

 

2024

 

 

2023

 

Supplies

 

$

 

4,134

 

 

$

 

5,331

 

Raw materials

 

 

 

3,815

 

 

 

 

7,110

 

Work in process

 

 

 

5,194

 

 

 

 

6,351

 

Finished goods

 

 

 

9,570

 

 

 

 

6,614

 

Inventory reserve

 

 

 

(247

)

 

 

 

(24

)

Total

 

$

 

22,466

 

 

$

 

25,382

 

 

Inventories are written down for any obsolescence or when the net realizable value considering future events and conditions is less than the carrying value. For the year ended December 31, 2024, the Company recorded $0.4 million (December 31, 2023 – $0.9 million), related to spoiled inventory in costs and expenses applicable to revenues on the consolidated statements of operations.