Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.20.2
Inventories
9 Months Ended
Sep. 30, 2020
Inventory Disclosure [Abstract]  
Inventories
NOTE 6. INVENTORIES
Inventories consist 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     
September 30, 2020
 
    
(Dollars in thousands)
 
Book inventories
   $ 1,988      $
2,065
 
Reserve for obsolescence
     (1,271   
 
(1,447
  
 
 
    
 
 
 
Inventory, net
   $ 717      $
618