Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.22.1
Inventories
3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
Inventories

Note 4. Inventories, net

Inventories, net consisted of the following:

 

 

March 31,

 

 

December 31,

 

(in thousands)

 

2022

 

 

2021

 

Raw materials

 

$

13,428

 

 

$

11,555

 

Work in process

 

 

989

 

 

 

928

 

Finished goods and related items

 

 

13,813

 

 

 

12,090

 

Total inventories, net

 

$

28,230

 

 

$

24,573

 

At March 31, 2022 and December 31, 2021, finished goods and related items included $6.5 million and $5.6 million of finished neat PHA. Inventory at March 31, 2022 is stated net of reserves of $1.1 million related to interim assessments to reduce the carrying value of inventory to its fair value.