Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v3.20.4
INVENTORIES
12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories include the following at December 31:
2020 2019
(thousands of dollars)
Raw material $ 2,580  $ 2,100 
Work in process 138  142 
Finished products 10,227  11,382 
Total inventory $ 12,945  $ 13,624 
Inventory serves as collateral for our amended and restated loan agreement with a domestic bank (see Note 13).
Inventory included products in transit valued at approximately $3.6 million and $2.9 million at December 31, 2020 and 2019, respectively.