XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.25.1

Segment and Geographic Information | 12 Months Ended
--- | ---
Dec. 31, 2024
Segment Reporting [Abstract] |
Segment and Geographic Information | NOTE 17 – SEGMENT AND GEOGRAPHIC INFORMATION The Company operates in two reportable segments: OSS and Bressner. OSS designs, manufactures, and markets specialized enterprise class high-performance compute, high speed switch fabrics, and storage hardware and software to target edge applications. Bressner operates as a system integrator with standard and custom all-in-one hardware systems and components for many kinds of industrial environments. The Company evaluates financial performance on a Company-wide basis. Segment Information The accounting policies of the segments are the same as those described in the summary of significant accounting policies of the Company. Intersegment sales are generally recorded at cost plus a specified fee or at a negotiated fixed price. Intersegment sales are eliminated in consolidation and segment results are presented net of eliminations. The Company's chief operating decision maker is our Chief Executive Officer. The CODM evaluates performance for both reportable segments based on segment gross profit and segment operating profit. The CODM uses these measures to assess actual and forecasted segment performance and to make decisions regarding the allocation of capital and personnel. Segment detail for the years ended December 31, 2024 and 2023, is as follows:
|  | For the Twelve Months Ended December 31, 2024 |  |  | For the Twelve Months Ended December 31, 2023 |
|  | OSS |  |  | Bressner |  |  | Total |  |  | OSS |  |  | Bressner |  |  | Total |
Revenues |  | $ | 24,558,809 |  |  | $ | 30,135,550 |  |  | $ | 54,694,358 |  |  | $ | 28,809,888 |  |  | $ | 32,086,910 |  |  | $ | 60,896,797 |
Cost of revenues |  |  | (23,935,886 | ) |  |  | (23,040,166 | ) |  |  | (46,976,051 | ) |  |  | (18,544,902 | ) |  |  | (24,397,274 | ) |  |  | (42,942,175 | )
Gross profit |  |  | 622,923 |  |  |  | 7,095,384 |  |  |  | 7,718,307 |  |  |  | 10,264,986 |  |  |  | 7,689,636 |  |  |  | 17,954,622 |
Gross margin % |  |  | 2.5 | % |  |  | 23.5 | % |  |  | 14.1 | % |  |  | 35.6 | % |  |  | 24.0 | % |  |  | 29.5 | %
Research & development |  |  | (3,466,077 | ) |  |  | (631,152 | ) |  |  | (4,097,229 | ) |  |  | (3,813,460 | ) |  |  | (517,564 | ) |  |  | (4,331,024 | )
Other segment operating expenses |  |  | (12,820,332 | ) |  |  | (4,157,559 | ) |  |  | (16,977,892 | ) |  |  | (17,928,561 | ) |  |  | (3,618,190 | ) |  |  | (21,546,751 | )
(Loss) income from operations |  | $ | (15,663,486 | ) |  | $ | 2,306,672 |  |  | $ | (13,356,813 | ) |  | $ | (11,477,034 | ) |  | $ | 3,553,882 |  |  | $ | (7,923,153 | )
|  | For the Twelve Months Ended December 31, 2024 |  |  | For the Twelve Months Ended December 31, 2023 |
|  | OSS |  |  | Bressner |  |  | Total |  |  | OSS |  |  | Bressner |  |  | Total |
Interest income |  | $ | 477,745 |  |  | $ | - |  |  | $ | 477,745 |  |  | $ | 544,958 |  |  |  |  |  | $ | 544,958 |
Interest expense |  |  | (4,027 | ) |  |  | (70,089 | ) |  |  | (74,116 | ) |  |  | 1,612 |  |  |  | (119,386 | ) |  |  | (117,774 | )
Depreciation and amortization of intangibles |  |  | (927,282 | ) |  |  | (114,555 | ) |  |  | (1,041,837 | ) |  |  | (1,017,038 | ) |  |  | (60,478 | ) |  |  | (1,077,516 | )
Other significant non-cash items: |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Inventory reserves |  |  | (7,088,114 | ) |  |  | (260,276 | ) |  |  | (7,348,390 | ) |  |  | (1,068,280 | ) |  |  | 105,823 |  |  |  | (962,458 | )
Goodwill impairment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (5,630,788 | ) |  |  | - |  |  |  | (5,630,788 | )
Stock based compensation expense |  |  | (1,856,417 | ) |  |  | (131,709 | ) |  |  | (1,988,125 | ) |  |  | (2,207,344 | ) |  |  | (138,014 | ) |  |  | (2,345,358 | )
Total assets |  |  | 20,552,197 |  |  |  | 16,381,785 |  |  |  | 36,933,982 |  |  |  | 32,560,602 |  |  |  | 15,705,050 |  |  |  | 48,265,652 |
Capital expenditures |  |  | (228,258 | ) |  |  | (134,491 | ) |  |  | (362,748 | ) |  |  | (636,066 | ) |  |  | (185,687 | ) |  |  | (821,753 | )
Revenue from customers with non-U.S. billing addresses represented approximately 58% and 65% of the Company’s revenue for the years ended December 31, 2024 and 2023, respectively. As of December 31, 2024, substantially all the Company’s long-lived assets were located in the United States of America, with the exception of long-lived assets of $345,898 located in Germany.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration