Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.1
Inventories
3 Months Ended
Mar. 31, 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      March 31, 2019  
     (Dollars in thousands)  

Regnery® Publishing book inventories

   $ 1,317      $ 1,612  

Reserve for obsolescence – Regnery® Publishing

     (930      (1,079
  

 

 

    

 

 

 

Inventory, net - Regnery® Publishing

     387        533  
  

 

 

    

 

 

 

Newport Natural Health Wellness products

   $ 354      $ —    

Reserve for obsolescence –Wellness products

     (64      —    
  

 

 

    

 

 

 

Inventory, net –Wellness products

     290        —    
  

 

 

    

 

 

 

Consolidated inventories, net

   $ 677      $ 533