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SEGMENT REPORTING AND GEOGRAPHIC INFORMATION (Tables)
12 Months Ended
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).

 

   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):

 

   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
   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
   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):

 

    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.