Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v3.22.0.1
INVENTORIES
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories include the following at December 31:
2021 2020
(thousands of dollars)
Raw material $ 2,348  $ 2,580 
Work in process 212  138 
Finished products 18,574  10,227 
Total inventory $ 21,134  $ 12,945 
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 $4.9 million and $3.6 million at December 31, 2021 and 2020, respectively.