Quarterly report [Sections 13 or 15(d)]

Inventory

v3.25.1
Inventory
3 Months Ended
Mar. 31, 2025
Inventory  
Inventory

5.

Inventory

The Company’s inventory consists of the following:

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Inventory by Type

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March 31, 2025

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December 31, 2024

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In-process inventory

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382

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42

Plant inventory

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582

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1,840

Conversion facility inventory

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22,521

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18,862

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23,485

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20,744

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Using lower of cost or net realizable value (“NRV”) calculations, the Company reduced the inventory valuation by $2,598 and $1,139 for the three months ended March 31, 2025 and 2024, respectively. In the three months ended March 31, 2025, $498 of the NRV adjustment related to produced inventory and $2,100 related to non-produced inventory. There were no non-produced NRV adjustments in the three months ended March 31, 2024.