Quarterly report [Sections 13 or 15(d)]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.3
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 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:

 

             
   

Three months ended

September 30,

 
   

2025

(Unaudited)

   

2024

(Unaudited)

 
DC power systems   $ 898     $ 4,340  
Engineering & Tech Support Services     14       224  
Accessories     361       350  
Total net sales   $ 1,273     $ 4,914  

 

             
   

Nine months ended

September 30,

 
   

2025

(Unaudited)

   

2024

(Unaudited)

 
DC power systems   $ 4,117     $ 10,381  
Engineering & Tech Support Services     147       349  
Accessories     1,440       618  
Total net sales   $ 5,704     $ 11,348  

 

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

 

             
   

Three months ended

September 30,

 
   

2025

(Unaudited)

   

2024

(Unaudited)

 
Telecom   $ 1,172     $ 4,467  
Government/Military           371  
Marine           43  
Other (backup DC power to various industries)     1       33  
Total net sales   $ 1,273     $ 4,914  

 

             
   

Nine months ended

September 30,

 
   

2025

(Unaudited)

   

2024

(Unaudited)

 
Telecommunications   $ 510     $ 10,170  
Government/Military     208       993  
Marine     4,654       94  
Other (backup DC power to various industries)     332       91  
Total net sales   $ 5,704     $ 11,348  
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  
    September 30,  
    2025     2024  
    (Unaudited)     (Unaudited)  
United States   $ 1,267     $ 4,444  
Canada           1  
South Pacific Islands     6       88  
Japan           11  
Europe and middle East           258  
Africa           112  
Total net sales   $ 1,273     $ 4,914  

 

    2025     2024  
    Nine months ended  
    September 30,  
    2025     2024  
    (Unaudited)     (Unaudited)  
United States   $ 5,312     $ 9,608  
Canada     33       1  
South Pacific Islands     33       1,309  
Other Asia Pacific     28       28  
Japan     3       31  
Europe and Middle East     295       259  
Africa           112  
Total net sales   $ 5,704     $ 11,348  
SCHEDULE OF INVENTORIES NET

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

 

 

   

September 30, 2025

(unaudited)

   

December 31,

2024

 
             
Raw materials   $ 9,721     $ 11,902  
Finished goods     1,171       991  
Total Inventories   $ 10,892     $ 12,893  
SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY

 

 

Changes in estimates for warranties  

September 30, 2025

(unaudited)

   

December 31,

2024

 
Balance at beginning of the period   $ 600     $ 600  
Payments     (55 )     (214 )
Provision for warranties     55       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:

 

   

September 30,

2025

   

September 30,

2024

 
      (Unaudited)       (Unaudited)  
Options     12,858       20,002