Quarterly report [Sections 13 or 15(d)]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.2
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF DISAGGREGATED NET SALES

The following table shows the Company’s disaggregated net sales by product type: 

 

   

2025

(Unaudited)

   

2024

(Unaudited)

 
   

Three months ended

June 30,

 
   

2025

(Unaudited)

   

2024

(Unaudited)

 
DC power systems   $ 1,989     $ 4,475  
Engineering & Tech Support Services     135       38  
Accessories     584       147  
Total net sales   $ 2,708     $ 4,660  

 

   

2025

(Unaudited)

   

2024

(Unaudited)

 
   

Six months ended

June 30,

 
   

2025

(Unaudited)

   

2024

(Unaudited)

 
DC power systems   $ 3,219     $ 6,041  
Engineering & Tech Support Services     134       125  
Accessories     1,078       268  
Total net sales   $ 4,431     $ 6,434  

 

The following table shows the Company’s disaggregated net sales by customer type:

 

   

2025

(Unaudited)

   

2024

(Unaudited)

 
   

Three months ended

June 30,

 
   

2025

(Unaudited)

   

2024

(Unaudited)

 
Telecom   $ 2,481     $ 4,445  
Government/Military     154       163  
Marine     38       13  
Other (backup DC power to various industries)     35       39  
Total net sales   $ 2,708     $ 4,660  

 

   

2025

(Unaudited)

   

2024

(Unaudited)

 
   

Six months ended

June 30,

 
   

2025

(Unaudited)

   

2024

(Unaudited)

 
Telecommunications   $ 3,900     $ 5,703  
Government/Military     448       622  
Marine     45       51  
Other (backup DC power to various industries)     38       58  
Total net sales   $ 4,431     $ 6,434  
SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS

The following tables shows the Company’s net sales by the respective geographical regions of our customers:

 

    2025     2024  
    Three months ended  
    June 30,  
    2025     2024  
    (Unaudited)     (Unaudited)  
United States   $ 2,624     $ 3,490  
Canada     32        
South Pacific Islands     49       1,146  
Indonesia     3       24  
Total net sales   $ 2,708     $ 4,660  

 

    2025     2024  
    Six months ended  
    June 30,  
    2025     2024  
    (Unaudited)     (Unaudited)  
United States   $ 4,045     $ 5,164  
Canada     33        
South Pacific Islands     55       1,225  
Indonesia           24  
Japan     3       20  
Europe and Middle East     295       1  
Total net sales   $ 4,431     $ 6,434  
SCHEDULE OF INVENTORIES NET

As of June 30, 2025 and December 31, 2024, inventories consisted of the following:

 

   

June 30, 2025

(unaudited)

   

December 31,

2024

 
             
Raw materials   $ 11,755     $ 11,902  
Finished goods     1,238       991  
Total Inventories   $ 12,993     $ 12,893  
SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY

Changes in estimates for warranties  

June 30, 2025

(unaudited)

   

December 31,

2024

 
Balance at beginning of the period   $ 600     $ 600  
Payments     (38 )     (214 )
Provision for warranties     38       214  
Balance at end of the period   $ 600     $ 600  
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:

 

     

June 30,

2025

   

June 30,

2024

 
      (Unaudited)     (Unaudited)  
Options       20,002       20,002