LGL GROUP INC
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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Jun 30, 2025 · Filed Aug 14, 2025
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Other Financial Statement Information
13. Other Financial Statement Information
Inventories, Net
The Company reduces the value of its inventories to net realizable value when the net realizable value is believed to be less than the cost of the item.
The components of inventory as of* June 30, 2025* and* December 31, 2024* are summarized below:
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| Raw materials | $331 | $302 |
| Work in process | 7 | 5 |
| Finished goods | — | 31 |
| Total gross inventory | 338 | 338 |
| Reserve for excess and obsolete inventory | (84) | (71) |
| Inventories, net | $254 | $267 |
Intangible Assets, Net
The components of intangible assets as of* June 30, 2025* and* December 31, 2024* are summarized below:
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| Intellectual property | $214 | $214 |
| Gross intangible assets | 214 | 214 |
| Less: Accumulated amortization | (189) | (178) |
| Intangible assets, net | $25 | $36 |
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