Company: PDEX
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0001079973-25-000164
Chunk: 3

Company: PRO DEX INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Item 2
Chunk 3
---
OLIDATED FINANCIAL STATEMENTS(UNAUDITED) 

NOTE 4. COMPOSITION OF CERTAIN FINANCIAL STATEMENT ITEMS

Inventory

Inventory
is stated at the lower of cost (first-in, first-out) or net realizable value and consists of the following (in thousands):

    Schedule of inventory  

    December
    31, 2024  
    June 30,
    2024 
  
    Raw materials/purchased components	 
    $8,733  
    $6,703 
  
    Work in process	 
     7,305  
     5,103 
  
    Sub-assemblies/finished components	 
     2,883  
     2,342 
  
    Finished goods	 
     690  
     1,121 
  
    Total inventory	 
    $19,611  
    $15,269 

Investments

Investments
are stated at market value and consist of the following (in thousands):

    Schedule of investments 

    December 31,
                                                                                2024  
    June 30,
    2024 
  
    Marketable equity securities: 

    Short-term	 
    $4,671  
    $4,217 
  
    Long-term	 
     1,619  
     1,563 
  
    Total Investments	 
    $6,290  
    $5,780 

Investments
at December 31, 2024 and June 30, 2024 had an aggregate cost basis of $4.0 million.
Our investments include equity investments of thinly traded securities some of which are classified as long term in nature because if
we decide to sell these securities, we may not be able to sell our position within one year. At December 31, 2024, investments included
net unrealized gains of $2.3 million (gross unrealized gains of $2.7 million offset by gross unrealized losses of $341,000). At June 30,
2024, investments included net unrealized gains of $1.8 million (gross unrealized gains of $2.1 million offset by gross unrealized losses
of $261,000).

Of
the total marketable equity securities at December 31, 2024 and June 30, 2024, $941,000 and $987,000, respectively, represent an investment
in the common stock of