Quarterly report pursuant to Section 13 or 15(d)

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.1
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2022
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
March 31,
 
   

2022

(Unaudited)

   

2021

(Unaudited)

 
DC power systems   $ 3,617     $ 3,155  
Engineering & Tech Support Services     44       28  
Accessories     48       107  
Total net sales   $ 3,709     $ 3,290  

 

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

 

    Three months ended
March 31,
 
   

2022

(Unaudited)

   

2021

(Unaudited)

 
Telecom   $ 3,670     $ 3,053  
Government/Military     17       31  
Marine     14        
Other (backup DC power to various industries)     8       206  
Total net sales   $ 3,709     $ 3,290  
SCHEDULE OF INVENTORIES NET

 

   

March 31,

2022

(unaudited)

   

December 31,

2021

 
             
Raw materials   $ 7,591     $ 6,607  
Finished goods     2,894       2,410  
Total Inventories   $ 10,485     $ 9,017  
SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANTY LIABILITY

 

Changes in estimates for warranties  

March 31,

2022

(unaudited)

   

December 31,

2021

 
Balance at beginning of the period   $ 600     $ 600  
Payments     (153 )     (658 )
Provision for warranties     153       658  
Balance at end of the period   $ 600     $ 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,

2022

(Unaudited)

   

March 31,

2021
(Unaudited)

 
Options     140,000       140,000  
Warrants     24,122       24,122  
Total     164,122       164,122