Quarterly report [Sections 13 or 15(d)]

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.26.1
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2026
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:

 

    2026     2025  
    Three months ended
March 31,
 
    2026     2025  
    (Unaudited)     (Unaudited)  
DC power systems   $ 1,510     $ 1,230  
Engineering & Tech Support Services     24        
Accessories     194       493  
Total net sales   $ 1,728     $ 1,723  

 

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

 

    2026     2025  
    Three months ended
March 31,
 
    2026     2025  
    (Unaudited)     (Unaudited)  
Telecom   $ 1,660     $ 1,419  
Government/Military     49       294  
Marine     2       7  
Other (backup DC power to various industries)     17       3  
Total net sales   $ 1,728     $ 1,723  
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):

 

    2026     2025  
    Three months ended  
    March 31,  
    2026     2025  
    (Unaudited)     (Unaudited)  
United States   $ 1,650     $ 1,421  
South Pacific Islands     60       6  
Canada     3       1  
Europe and Middle East     15       295  
Total net sales   $ 1,728     $ 1,723  

SCHEDULE OF INVENTORIES NET

As of March 31, 2026 and December 31, 2025, inventories consisted of the following:

 

    March 31, 2026     December 31, 2025  
    (unaudited)        
Raw materials   $ 8,726     $ 8,704  
Finished goods     821       721  
Total Inventories   $ 9,547     $ 9,425  
SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY

 

Changes in estimates for warranties   March 31, 2026     December 31, 2025  
    (unaudited)        
Balance at beginning of the period   $ 600     $ 600  
Payments     (23 )     (67 )
Provision for warranties     (427 )     67  
Balance at end of the period   $ 150     $ 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:

 

    March 31, 2026     March 31, 2025  
    (Unaudited)     (Unaudited)  
Options     12,858       12,858