| Schedule of disaggregated net sales |
| |
|
Three months ended
June 30, |
|
| |
|
2019 (Unaudited)
|
|
|
2018 (Unaudited)
|
|
| DC power systems |
|
$ |
8,906,400 |
|
|
$ |
5,755,957 |
|
| Accessories |
|
|
330,148 |
|
|
|
59,818 |
|
| Total net sales |
|
$ |
9,236,548 |
|
|
$ |
5,815,775 |
|
| |
|
Six months ended
June 30, |
|
| |
|
2019 (Unaudited)
|
|
|
2018 (Unaudited)
|
|
| DC power systems |
|
$ |
16,570,136 |
|
|
$ |
10,462,054 |
|
| Accessories |
|
|
413,197 |
|
|
|
225,633 |
|
| Total net sales |
|
$ |
16,983,333 |
|
|
$ |
10,687,687 |
|
| |
|
Three months ended
June 30, |
|
| |
|
2019 (Unaudited)
|
|
|
2018 (Unaudited)
|
|
| Telecom |
|
$ |
9,051,023 |
|
|
$ |
5,290,094 |
|
| Government/Military |
|
|
165,240 |
|
|
|
301,947 |
|
| Marine |
|
|
17,929 |
|
|
|
41,386 |
|
| Other (backup DC power to various industries) |
|
|
2,356 |
|
|
|
182,348 |
|
| Total net sales |
|
$ |
9,236,548 |
|
|
$ |
5,815,775 |
|
| |
|
Six months ended
June 30, |
|
| |
|
2019 (Unaudited)
|
|
|
2018 (Unaudited)
|
|
| Telecom |
|
$ |
16,363,747 |
|
|
$ |
9,779,961 |
|
| Government/Military |
|
|
537,430 |
|
|
|
595,232 |
|
| Marine |
|
|
79,788 |
|
|
|
86,861 |
|
| Other (backup DC power to various industries) |
|
|
2,368 |
|
|
|
225,633 |
|
| Total net sales |
|
$ |
16,983,333 |
|
|
$ |
10,687,687 |
|
|
| Schedule of components of inventory |
| |
|
June 30, 2019 (unaudited)
|
|
|
December 31, 2018
|
|
| |
|
|
|
|
|
|
| Raw materials |
|
$ |
8,369,084 |
|
|
$ |
6,060,448 |
|
| Finished goods |
|
|
4,085,978 |
|
|
|
2,741,321 |
|
| |
|
|
12,455,062 |
|
|
|
8,801,769 |
|
| Less: Inventory reserve |
|
|
(330,000 |
) |
|
|
(330,000 |
) |
| Total Inventories, net |
|
$ |
12,125,062 |
|
|
$ |
8,471,769 |
|
|
| Schedule of reconciliation of the product warranty liability |
| Changes in estimates for warranties |
|
June 30, 2019 (unaudited)
|
|
|
December 31, 2018
|
|
| Balance at beginning of the period |
|
$ |
175,000 |
|
|
$ |
175,000 |
|
| Payments |
|
|
(259,937 |
) |
|
|
(364,163 |
) |
| Provision for warranties |
|
|
259,937 |
|
|
|
364,163 |
|
| Balance at end of the period |
|
$ |
175,000 |
|
|
$ |
175,000 |
|
|