Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v3.19.1
INVENTORIES
12 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES
Inventories include the following at December 31:
 
2018

 
2017

 
(thousands of dollars)
Raw material
$
4,742

 
$
3,703

Work in process
173

 
27

Finished products
11,624

 
14,720

 
 
 
 
Total inventory
$
16,539

 
$
18,450


Inventory serves as collateral for our amended and restated loan agreement with a domestic bank (see Note 12).
Inventory included products in transit valued at approximately $4.1 million and $3.7 million at December 31, 2018, and 2017, respectively.