Inventory

3 Months Ended

Mar. 31, 2024

Note 5 – Inventory

Inventory is stated at lower of cost or net realizable value using the weighted average cost method and is evaluated at least annually for impairment. Write-downs for potentially obsolete or excess inventory are made based on management’s analysis of inventory levels, historical obsolescence and future sales forecasts. For the three months ended March 31, 2024 and 2023, an inventory impairment of $0 and $165, respectively, was recorded. Inventories that exceed estimated realization for the next twelve months from the condensed consolidated balance sheet date based on future sales forecasts are classified as long-term assets.

Inventory at March 31, 2024 and December 31, 2023 consisted of the following:

Schedule of Inventory

	March 31, 2024			December 31, 2023
Raw materials	$	451		$	487
Work-in-process		-			196
Finished goods		756			541
Inventory reserve		(728	)		(728	)
Inventory, net	$	479		$	496
Less: Inventory, current	$	228		$	245
Inventory, non-current	$	251		$	251

Motus GI Holdings, Inc. 10-Q