Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.22.2
Inventory
6 Months Ended
Jun. 30, 2022
Inventory  
Inventory

4. Inventory

 

The Company’s inventory consists of the following:

 

Inventory by Type

 

June 30, 2022

 

 

December 31, 2021

 

 

 

 

 

 

 

 

Conversion facility inventory

 

 

7,923

 

 

 

7,923

 

 

 

 

7,923

 

 

 

7,923

 

 

 

 

 

 

 

 

 

 

Inventory by Duration

 

June 30, 2022

 

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

Current portion of inventory

 

 

7,923

 

 

 

-

 

Non-current portion of inventory

 

 

-

 

 

 

7,923

 

 

 

 

7,923

 

 

 

7,923

 

 

Using lower of cost or net realizable value (“NRV”) calculations, the Company reduced the inventory valuation by $3,384 and $3,508 for the six months ended June 30, 2022, and June 30, 2021, respectively.