Annual report pursuant to Section 13 and 15(d)

Inventories

v3.20.4
Inventories
12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
Inventories
NOTE 5. INVENTORIES
Inventories consist of published books from Regnery
®
Publishing. Inventories are valued at the lower of cost or net realizable value as determined on a
First-In
First-Out
cost method net of estimated reserves for obsolescence.
The following table provides details of inventory on hand:
 
    
December 31, 2019
    
December 31, 2020
 
    
(Dollars in thousands)
 
Book inventories
   $ 1,988     
$
1,994
 
Reserve for obsolescence
     (1,271   
 
(1,499
    
 
 
    
 
 
 
Inventory, net
   $ 717     
$
495