Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.2
Inventories
6 Months Ended
Jun. 30, 2019
Inventory Disclosure [Abstract]  
Inventories
NOTE 6. INVENTORIES
Inventories consist of finished goods including books from Regnery
®
Publishing and for the prior year wellness products. All inventories are valued at the lower of cost or net realizable value as determined on a
First-In 
First-Out
cost method and reported net of estimated reserves for obsolescence.
The following table provides details of inventory on hand by segment:
 
    December 31, 2018    
June 30, 2019
 
 
 
 
 
 
 
 
   
(Dollars in thousands)
 
Regnery
®
Publishing book inventories
  $ 1,317    
$
1,789
 
Reserve for obsolescence – Regnery
®
Publishing
    (930    
(1,159
   
 
 
   
 
 
 
Inventory, net - Regnery
®
Publishing
    387      
630
 
   
 
 
   
 
 
 
Newport Natural Health Wellness products
  $ 354    
$
—  
 
Reserve for obsolescence –Wellness products
    (64    
—  
 
   
 
 
   
 
 
 
Inventory, net –Wellness products
    290      
—  
 
   
 
 
   
 
 
 
Consolidated inventories, net
  $ 677    
$
630