| SCHEDULE OF DISAGGREGATED NET SALES |
The
following table shows the Company’s disaggregated net sales by product type:
SCHEDULE OF DISAGGREGATED NET SALES
| |
|
2023 |
|
|
2022 |
|
| |
|
Three months ended
September 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| DC power systems |
|
$ |
1,611 |
|
|
$ |
1,659 |
|
| Engineering & Tech Support Services |
|
|
200 |
|
|
|
28 |
|
| Accessories |
|
|
100 |
|
|
|
20 |
|
| Total net sales |
|
$ |
1,911 |
|
|
$ |
1,707 |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
Nine months ended
September 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| DC power systems |
|
$ |
11,131 |
|
|
$ |
9,474 |
|
| Engineering & Tech Support Services |
|
|
254 |
|
|
|
105 |
|
| Accessories |
|
|
303 |
|
|
|
111 |
|
| Total net sales |
|
$ |
11,688 |
|
|
$ |
9,690 |
|
The
following table shows the Company’s disaggregated net sales by customer type:
| |
|
2023 |
|
|
2022 |
|
| |
|
Three months ended
September 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Telecom |
|
$ |
1,827 |
|
|
$ |
1,538 |
|
| Government/Military |
|
|
2 |
|
|
|
2 |
|
| Marine |
|
|
60 |
|
|
|
140 |
|
| Other (backup DC power to various industries) |
|
|
22 |
|
|
|
27 |
|
| Total net sales |
|
$ |
1,911 |
|
|
$ |
1,707 |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
Nine months ended
September 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Telecommunications |
|
$ |
11,222 |
|
|
$ |
9,435 |
|
| Government/Military |
|
|
330 |
|
|
|
31 |
|
| Marine |
|
|
88 |
|
|
|
157 |
|
| Other (backup DC power to various industries) |
|
|
48 |
|
|
|
67 |
|
| Total net sales |
|
$ |
11,688 |
|
|
$ |
9,690 |
|
The
following tables shows the Company’s net sales by the respective geographical regions of our customers:
| |
|
2023 |
|
|
2022 |
|
| |
|
Three months ended |
|
| |
|
September 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| United States |
|
$ |
1,883 |
|
|
$ |
1,590 |
|
| Canada |
|
|
16 |
|
|
|
35 |
|
| South Pacific Islands |
|
|
8 |
|
|
|
— |
|
| Other Asia Pacific |
|
|
4 |
|
|
|
— |
|
| Europe and Middle East |
|
|
— |
|
|
|
82 |
|
| Total net sales |
|
$ |
1,911 |
|
|
$ |
1,707 |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
Nine months ended |
|
| |
|
September 30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| United States |
|
$ |
8,894 |
|
|
$ |
9,460 |
|
| Canada |
|
|
178 |
|
|
|
49 |
|
| South Pacific Islands |
|
|
2,582 |
|
|
|
49 |
|
| Japan |
|
|
— |
|
|
|
10 |
|
| Other Asia Pacific |
|
|
8 |
|
|
|
24 |
|
| Europe and Middle East |
|
|
— |
|
|
|
98 |
|
| Africa |
|
|
26 |
|
|
|
— |
|
| Total net sales |
|
$ |
11,688 |
|
|
$ |
9,690 |
|
|
| SCHEDULE OF INVENTORIES NET |
As
of September 30, 2023 and December 31, 2022, inventories consisted of the following:
SCHEDULE OF INVENTORIES NET
| |
|
September 30,
2023 |
|
|
December 31,
|
|
| |
|
(unaudited) |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Raw materials |
|
$ |
15,580 |
|
|
$ |
12,277 |
|
| Finished goods |
|
|
3,575 |
|
|
|
3,183 |
|
| Total Inventories |
|
$ |
19,155 |
|
|
$ |
15,460 |
|
|
| 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:
SCHEDULE OF DILUTED EARNINGS PER SHARE
| |
|
September 30, 2023
|
|
|
September 30, 2022
|
|
| |
|
(Unaudited) |
|
|
(Unaudited) |
|
| Options |
|
|
140,000 |
|
|
|
140,000 |
|
| Warrants |
|
|
24,122 |
|
|
|
24,122 |
|
| Total |
|
|
164,122 |
|
|
|
164,122 |
|
|