| SCHEDULE OF DISAGGREGATED NET SALES |
The
following table shows the Company’s disaggregated net sales by product type:
SCHEDULE
OF DISAGGREGATED NET SALES
| |
|
|
|
|
|
|
|
|
| |
|
Three months ended
June 30, |
|
| |
|
2023 (Unaudited)
|
|
|
2022 (Unaudited)
|
|
| DC power systems |
|
$ |
5,439 |
|
|
$ |
4,199 |
|
| Engineering & Tech Support Services |
|
|
31 |
|
|
|
32 |
|
| Accessories |
|
|
117 |
|
|
|
43 |
|
| Total net sales |
|
$ |
5,587 |
|
|
$ |
4,274 |
|
| |
|
|
|
|
|
|
|
|
| |
|
Six months ended
June 30, |
|
| |
|
2023 (Unaudited)
|
|
|
2022 (Unaudited)
|
|
| DC power systems |
|
$ |
9,520 |
|
|
$ |
7,816 |
|
| Engineering & Tech Support Services |
|
|
54 |
|
|
|
76 |
|
| Accessories |
|
|
203 |
|
|
|
91 |
|
| Total net sales |
|
$ |
9,777 |
|
|
$ |
7,983 |
|
The
following table shows the Company’s disaggregated net sales by customer type:
| |
|
|
|
|
|
|
|
|
| |
|
Three months ended
June 30, |
|
| |
|
2023 (Unaudited)
|
|
|
2022 (Unaudited)
|
|
| Telecom |
|
$ |
5,408 |
|
|
$ |
4,228 |
|
| Government/Military |
|
|
131 |
|
|
|
12 |
|
| Marine |
|
|
27 |
|
|
|
3 |
|
| Other (backup DC power to various industries) |
|
|
21 |
|
|
|
31 |
|
| Total net sales |
|
$ |
5,587 |
|
|
$ |
4,274 |
|
| |
|
|
|
|
|
|
|
|
| |
|
Six months ended
June 30, |
|
| |
|
2023 (Unaudited)
|
|
|
2022 (Unaudited)
|
|
| Telecommunications |
|
$ |
9,400 |
|
|
$ |
7,898 |
|
| Government/Military |
|
|
324 |
|
|
|
29 |
|
| Marine |
|
|
28 |
|
|
|
17 |
|
| Other (backup DC power to various industries) |
|
|
25 |
|
|
|
39 |
|
| Total net sales |
|
$ |
9,777 |
|
|
$ |
7,983 |
|
The
following tables shows the Company’s net sales by the respective geographical regions of our customers:
| |
|
|
|
|
|
|
|
|
| |
|
Three months ended |
|
| |
|
June 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| United States |
|
$ |
3,947 |
|
|
$ |
4,200 |
|
| Canada |
|
|
161 |
|
|
|
— |
|
| South Pacific Islands |
|
|
1,453 |
|
|
|
49 |
|
| Japan |
|
|
— |
|
|
|
9 |
|
| Europe and Middle East |
|
|
— |
|
|
|
16 |
|
| Africa |
|
|
26 |
|
|
|
— |
|
| Total net sales |
|
$ |
5,587 |
|
|
$ |
4,274 |
|
| |
|
|
|
|
|
|
|
|
| |
|
Six months ended |
|
| |
|
June 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| United States |
|
$ |
7,011 |
|
|
$ |
7,870 |
|
| Canada |
|
|
162 |
|
|
|
14 |
|
| South Pacific Islands |
|
|
2,578 |
|
|
|
49 |
|
| Japan |
|
|
— |
|
|
|
10 |
|
| Other Asia Pacific |
|
|
— |
|
|
|
24 |
|
| Europe and Middle East |
|
|
— |
|
|
|
16 |
|
| Africa |
|
|
26 |
|
|
|
— |
|
| Total net sales |
|
$ |
9,777 |
|
|
$ |
7,983 |
|
|
| SCHEDULE OF INVENTORIES NET |
As
of June 30, 2023 and December 31, 2022, inventories consisted of the following:
SCHEDULE
OF INVENTORIES NET
| |
|
June
30, 2023
(unaudited)
|
|
|
December
31,
2022
|
|
| |
|
|
|
|
|
|
| Raw materials |
|
$ |
14,404 |
|
|
$ |
12,277 |
|
| Finished goods |
|
|
3,285 |
|
|
|
3,183 |
|
| Total Inventories |
|
$ |
17,689 |
|
|
$ |
15,460 |
|
|
| SCHEDULE OF DILUTED EARNINGS PER SHARE |
The
following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would
be anti-dilutive:
SCHEDULE
OF DILUTED EARNINGS PER SHARE
| |
|
June 30, 2023 (Unaudited)
|
|
|
June 30, 2022
(Unaudited)
|
|
| Options |
|
|
140,000 |
|
|
|
140,000 |
|
| Warrants |
|
|
24,122 |
|
|
|
24,122 |
|
| Total |
|
|
164,122 |
|
|
|
164,122 |
|
|