|12 Months Ended|
Dec. 31, 2019
The following table summarizes inventories, net as of December 31, 2019 and 2018 (in thousands):
As of December 31, 2019, we have $3.0 million in advance payments to our manufacturer of our raw materials, which is included as part of Prepaid and Other Current Assets in the balance sheet. We take ownership of such raw materials when they are completed and delivered to us.
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef