Quarterly report pursuant to Section 13 or 15(d)

Organization and Summary of Significant Accounting Policies (Tables)

v3.20.2
Organization and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of disaggregated net sales
    Three months ended
March 31,
 
   

2020

(Unaudited)

   

2019

(Unaudited)

 
DC power systems   $ 2,713     $ 7,605  
Accessories     147       142  
Total net sales   $ 2,860     $ 7,747  

 

    Three months ended
March 31,
 
   

2020

(Unaudited)

   

2019

(Unaudited)

 
Telecom   $ 2,717     $ 7,313  
Government/Military     4       372  
Marine     1       62  
Other (backup DC power to various industries)     138        
Total net sales   $ 2,860     $ 7,747  
Schedule of components of inventory

 

   

March 31,
2020 

(unaudited)

   

December 31,
2019 

 
             
Raw materials   $ 8,552     $ 8,651  
Finished goods     5,581       5,861  
      14,133       14,512  
Less: Inventory reserve     (600 )     (600 )
Total Inventories, net   $ 13,533     $ 13,912  

Schedule of reconciliation of the product warranty liability

 

Changes in estimates for warranties  

March 31,
2020

(unaudited)

   

December 31,
2019

 
Balance at beginning of the period   $ 375     $ 175  
Payments     (120 )     (530 )
Provision for warranties     120       730  
Balance at end of the period   $ 375     $ 375  

Schedule of potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive

 

   

March 31,

2020

(Unaudited)

   

March 31,

2019
(Unaudited)

 
Options   140,000     360,000  
Warrants     115,000       115,000  
Total     255,000       475,000