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)
6 Months Ended
Jun. 30, 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:

  

         
   

Three months ended

June 30,

 
   

2026

(Unaudited)

   

2025

(Unaudited)

 
DC power systems   $ 748     $ 1,989  
Engineering & Tech Support Services     21       135  
Accessories     250       584  
Total net sales   $ 1,019     $ 2,708  

 

         
   

Six months ended

June 30,

 
   

2026

(Unaudited)

   

2025

(Unaudited)

 
DC power systems   $ 2,259     $ 3,219  
Engineering & Tech Support Services     44       134  
Accessories     444       1,078  
Total net sales   $ 2,747     $ 4,431  

 

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

 

         
   

Three months ended

June 30,

 
   

2026

(Unaudited)

   

2025

(Unaudited)

 
Telecom   $ 899     $ 2,481  
Government/Military     33       154  
Marine     60       38  
Other (backup DC power to various industries)     27       35  
Total net sales   $ 1,019     $ 2,708  

 

         
   

Six months ended

June 30,

 
   

2026

(Unaudited)

   

2025

(Unaudited)

 
Telecommunications   $ 2,558     $ 3,900  
Government/Military     82       448  
Marine     62       45  
Other (backup DC power to various industries)     45       38  
Total net sales   $ 2,747     $ 4,431  
SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS

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

  

         
    Three months ended  
    June 30,  
    2026     2025  
    (Unaudited)     (Unaudited)  
United States   $ 755     $ 2,624  
Canada           32  
South Pacific Islands     11       49  
Europe and Middle East     186        
South America     67        
Japan           3  
Total net sales   $ 1,019     $ 2,708  

 

         
    Six months ended  
    June 30,  
    2026     2025  
    (Unaudited)     (Unaudited)  
United States   $ 2,405     $ 4,045  
Canada     3       33  
South Pacific Islands     72       55  
Japan    

 

      3  
Europe and Middle East     200       295  
South America     67        
Total net sales   $ 2,747     $ 4,431  
SCHEDULE OF INVENTORIES NET

As of June 30, 2026 and December 31, 2025, inventories consisted of the following:

 

   

June 30, 2026

(unaudited)

   

December 31,

2025

 
             
Raw materials   $ 8,361     $ 8,704  
Finished goods     871       721  
Total Inventories   $ 9,232     $ 9,425  
SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY

  

Changes in estimates for warranties  

June 30, 2026

(unaudited)

   

December 31,

2025

 
Balance at beginning of the period   $ 600     $ 600  
Payments     (41 )     (67 )
Provision for warranties     41       67  
Changes in warranty reserve     (450 )     -  
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:

  

   

June 30,

2026

   

June 30,

2025

 
    (Unaudited)     (Unaudited)  
Options     12,858       12,858