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SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SUMMARY OF SEGMENTED DATA | The following tables represent segmented data for the years ended December 31, 2024 and 2023 (in thousands). SUMMARY OF SEGMENTED DATA
|  | PG |  |  | CP |  |  | Total |
Year ended December 31, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 9,882 |  |  | $ | 1,104 |  |  | $ | 10,986 |
COGS |  |  | 2,548 |  |  |  | 439 |  |  |  | 2,987 |
Segment gross profit |  |  | 7,334 |  |  |  | 665 |  |  |  | 7,999 |
R&D expense |  |  | 851 |  |  |  | 161 |  |  |  | 1,012 |
SG&A expense |  |  | 3,609 |  |  |  | 421 |  |  |  | 4,030 |
Segment operating income |  |  | 2,874 |  |  |  | 83 |  |  |  | 2,957 |
Interest income, net |  |  | 64 |  |  |  | 6 |  |  |  | 70 |
Segment income before income taxes |  | $ | 2,938 |  |  | $ | 89 |  |  | $ | 3,027 |
Year ended December 31, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 7,000 |  |  | $ | 1,059 |  |  | $ | 8,059 |
COGS |  |  | 1,627 |  |  |  | 428 |  |  |  | 2,055 |
Segment gross profit |  |  | 5,373 |  |  |  | 631 |  |  |  | 6,004 |
R&D expense |  |  | 737 |  |  |  | 138 |  |  |  | 875 |
SG&A expense |  |  | 3,471 |  |  |  | 527 |  |  |  | 3,998 |
Segment operating income (loss) |  |  | 1,165 |  |  |  | (34 | ) |  |  | 1,131 |
Interest income, net |  |  | 55 |  |  |  | 8 |  |  |  | 63 |
Segment income (loss) before income taxes |  | $ | 1,220 |  |  | $ | (26 | ) |  | $ | 1,194 |
SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED STATEMENT OF OPERATIONS | (c) The following tables represent a reconciliation of the segment data to the consolidated statement of operations and balance sheet data for the years ended and as of December 31, 2024 and 2023 (in thousands): SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED STATEMENT OF OPERATIONS
|  | 2024 |  |  | 2023 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Total net income before income taxes for reportable segments |  | $ | 3,027 |  |  | $ | 1,194 |
Unallocated cost of corporate headquarters |  |  | (1,017 | ) |  |  | (1,056 | )
Consolidated net income before income taxes |  | $ | 2,010 |  |  | $ | 138 |
SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED STATEMENT BALANCE SHEET | SCHEDULE OF RECONCILIATION OF SEGMENT DATA TO CONSOLIDATED STATEMENT BALANCE SHEET
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
Assets: |  |  |  |  |  |  |  |
Total assets for OmniMetrix subsidiary |  | $ | 5,901 |  |  | $ | 5,163 |
Assets of corporate headquarters |  |  | 260 |  |  |  | 286 |
Deferred tax assets |  |  | 4,435 |  |  |  | — |
Total consolidated assets |  | $ | 10,596 |  |  | $ | 5,449 |
SCHEDULE OF REVENUE FROM CUSTOMERS BY GEOGRAPHICAL AREAS | SCHEDULE OF REVENUE FROM CUSTOMERS BY GEOGRAPHICAL AREAS
|  | 2024 |  |  | 2023 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |
Revenues based on location of customer: |  |  |  |  |  |  |  |
United States |  | $ | 10,955 |  |  | $ | 7,992 |
Other |  |  | 31 |  |  |  | 67 |
Revenues |  | $ | 10,986 |  |  | $ | 8,059 |
SCHEDULE OF REVENUES AND ACCOUNTS RECEIVABLE BALANCES FROM MAJOR CUSTOMERS | (d) Revenues and Accounts Receivable Balances from Major Customers (in thousands): SCHEDULE OF REVENUES AND ACCOUNTS RECEIVABLE BALANCES FROM MAJOR CUSTOMERS
|  | Invoiced Sales |  |  | Accounts Receivable |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Customer |  | Total |  |  | % |  |  | Total |  |  | % |  |  | Balance |  |  | % |  |  | Balance |  |  | % |
A |  | $ | 1,843 |  |  |  | 19 | % |  | $ | -* |  |  |  | -* | % |  | $ | 1,188 |  |  |  | 61 | % |  | $ | -* |  |  |  | -* | %
B |  | $ | -* |  |  |  | -* | % |  | $ | -* |  |  |  | -* | % |  | $ | - * |  |  |  | -* | % |  | $ | 134 |  |  |  | 25 | %
* | * | Balance is not significant.
|  | The revenue and accounts receivable of both customer A and B are within the PG segment.

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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