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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 7,992,000 $ 19,012,000
Contract and other receivables, net 1,846,000 915,000
Costs and estimated earnings in excess of billings on uncompleted contracts 573,000 806,000
Inventories, net 847,000 197,000
Prepaid expenses and other current assets 550,000 58,000
Total current assets 11,808,000 20,988,000
Property and equipment, net 281,000 662,000
Lease right-of-use asset 5,566,000 876,000
Goodwill 780,000 780,000
Other intangible assets, net 126,000 217,000
Other assets 720,000 285,000
Total assets 19,281,000 23,808,000
Current Liabilities:    
Accounts payable and accrued expenses 7,016,000 13,374,000
Deferred revenues 2,435,000 3,962,000
Current portion of lease liabilities 644,000 748,000
Current portion of long-term borrowings 2,023,000 0
Total current liabilities 12,118,000 18,084,000
Long-term borrowings 0 2,234,000
Non-current portion of lease liabilities 4,938,000 208,000
Non-current portion of deferred revenues 22,000 99,000
Total liabilities 17,078,000 20,625,000
Commitments and Contingencies 0 0
Stockholders’ Equity:    
Preferred stock, $.0001 par value, 1,000 shares authorized; none issued 0 0
Common stock, $.0001 par value, 49,000 shares authorized; 20,286 and 19,055 issued; 18,862 and 17,958 outstanding at December 31, 2021 and 2020, respectively 2,000 2,000
Additional paid-in capital 70,584,000 70,070,000
Treasury stock 1,424 and 1,097 shares at cost at December 31, 2021 and, 2020, respectively (2,071,000) (1,874,000)
Accumulated deficit (66,312,000) (65,015,000)
Total stockholders' equity 2,203,000 3,183,000
Total liabilities and stockholders’ equity $ 19,281,000 $ 23,808,000