Annual report [Section 13 and 15(d), not S-K Item 405]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.26.1
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 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 (in thousands):

 

    2025     2024  
    Years Ended December 31,  
    2025     2024  
DC power systems   $ 4,485     $ 12,577  
Engineering & Tech Support Services     152       384  
Accessories     1,667       1,009  
Total net sales   $ 6,304     $ 13,970  

 

The following table shows the Company’s disaggregated net sales by customer type (in thousands):

 

    2025     2024  
    Years Ended December 31,  
    2025     2024  
Telecom   $ 5,567     $ 12,300  
Government/Military     495       1,145  
Marine     48       364  
Other (backup DC power to various industries)     194       161  
Total net sales   $ 6,304     $ 13,970  
SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS

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

 

    2025     2024  
    Years Ended December 31,  
    2025     2024  
United States   $ 5,889     $ 12,108  
Canada     34       2  
Australia and South Pacific Islands     41       1,359  
Other Asia Pacific     31       31  
United Kingdom, Europe and Middle East     309       358  
S. Africa           112  
Total net sales   $ 6,304     $ 13,970  
SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY

The following is a tabular reconciliation of the product warranty liability, excluding the deferred revenue related to the Company’s warranty coverage (in thousands):

 

    2025     2024  
    Years End December 31,  
    2025     2024  
Changes in estimates for warranties                
Balance at beginning of the period   $ 600     $ 600  
Payments     (67 )     (214 )
Provision for warranties     67       214  
                 
Balance at end of the period   $ 600     $ 600  
SCHEDULE OF INVENTORIES NET

As of December 31, 2025 and 2024, inventories consisted of the following (in thousands):

 

    2025     2024  
    At December 31,  
    2025     2024  
Raw materials   $ 8,704     $ 11,902  
Finished goods     721       991  
Inventories   $ 9,425     $ 12,893  
SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY PLANT AND EQUIPMENT

    Estimated life
Production and shop equipment and machinery and fixtures   3-5 years
Vehicles   3-5 years
Leasehold improvements   Shorter of the lease term or estimated useful life
Computer software and office equipment   5 years