Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.21.2
Inventories
9 Months Ended
Sep. 30, 2021
Inventories  
Inventories

9.

Inventories

As of September 30, 2021 and December 31, 2020, we have the following inventories (in thousands):

September 30, 

December 31, 

2021

    

2020

Raw materials

$

5,142

$

Work in process

483

1,189

Finished goods

1,410

449

Total

$

7,035

$

1,638

As of December 31, 2020, we have $4.0 million in advance payments to our manufacturer of our raw materials, which was included as part of Prepaid and Other Current Assets in our condensed balance sheet. During the first quarter of 2021, the production of raw materials was completed, and ownership was transferred to us. Accordingly, such advance payments were reclassified to inventories as raw materials.