Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.19.3
Inventories
9 Months Ended
Sep. 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

 

 

September 30, 2019

 

 

 

(Dollars in thousands)

 

Regnery® Publishing book inventories

 

$

1,317

 

 

$

1,912

 

Reserve for obsolescence – Regnery® Publishing

 

 

(930

)

 

 

(1,263

)

Inventory, net - Regnery® Publishing

 

 

387

 

 

 

649

 

Newport Natural Health Wellness products

 

$

354

 

 

$

 

Reserve for obsolescence –Wellness products

 

 

(64

)

 

 

 

Inventory, net –Wellness products

 

 

290

 

 

 

 

Consolidated inventories, net

 

$

677

 

 

$

649