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BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION | 14. BUSINESS SEGMENT, GEOGRAPHIC AND CUSTOMER INFORMATION The Company follows ASC 280 - Segment Reporting in determining its reportable segments. The Company considered the way its management team, most notably its chief operating decision maker, makes operating decisions and assesses performance and considered which components of the Company’s enterprise have discrete financial information available. In determining operating and reportable segments in accordance with Financial Accounting Standards Board Accounting Standards Codification 280, Segment Reporting, the Company concluded that it has two reportable segments, which are also its operating segments: Electrical Infrastructure and Critical Power. The Critical Power reportable segment is the Company’s Titan Energy Systems, Inc. business unit. The Electrical Infrastructure reportable segment is the Company’s Pioneer Custom Electrical Products Corp. business unit. The Electrical Infrastructure segment is involved in the design, manufacture and sale of electrical distribution and control equipment used primarily by large industrial and commercial operations to manage their electrical power distribution needs. The Critical Power segment is involved in the sale and service of power generation equipment and provides mobile high-capacity charging solutions, as well as aftermarket field-services, in order to help customers secure mobile fast-charging where fixed charging infrastructure does not exist. The following tables present information about segment income (loss): SCHEDULE OF SEGMENT INCOME LOSS
|  | 2023 |  |  | 2022 |
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 (Restated) |
Revenues |  |  |  |  |  |
Electrical Infrastructure |  |  |  |  |  |  |  |
Equipment |  | $ | 30,302 |  |  | $ | 16,260 |
Service |  |  | 75 |  |  |  | 10 |
Revenues |  |  | 30,377 |  |  |  | 16,270 |
Critical Power Solutions |  |  |  |  |  |  |  |
Equipment |  |  | 3,413 |  |  |  | 2,229 |
Service |  |  | 7,703 |  |  |  | 7,379 |
Revenues |  |  | 11,116 |  |  |  | 9,608 |
Consolidated |  | $ | 41,493 |  |  | $ | 25,878 |
Revenues |  | $ | 41,493 |  |  | $ | 25,878 |
|  | 2023 |  |  | 2022 |
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 |
Depreciation and amortization |  |  |  |  |  |  |  |
Electrical Infrastructure |  | $ | 73 |  |  | $ | 56 |
Critical Power Solutions |  |  | 639 |  |  |  | 384 |
Unallocated corporate overhead expenses |  |  | 9 |  |  |  | 26 |
Consolidated |  | $ | 721 |  |  | $ | 466 |
Depreciation and amortization |  | $ | 721 |  |  | $ | 466 |
|  | 2023 |  |  | 2022 |
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 (Restated) |
Operating income (loss) |  |  |  |  |  |  |  |
Electrical Infrastructure |  | $ | 4,380 |  |  | $ | 3 |
Critical Power Solutions |  |  | (2,515 | ) |  |  | (2,003 | )
Unallocated corporate overhead expenses |  |  | (4,519 | ) |  |  | (3,810 | )
Consolidated |  | $ | (2,654 | ) |  | $ | (5,810 | )
Operating income (loss) |  | $ | (2,654 | ) |  | $ | (5,810 | )
The following table presents information which reconciles segment assets to consolidated total assets:
|  | 2023 |  |  | 2022 |
|  | December 31, |
|  | 2023 |  |  | 2022 (Restated) |
Assets |  |  |  |  |  |
Electrical Infrastructure |  | $ | 14,320 |  |  | $ | 16,409 |
Critical Power Solutions |  |  | 9,409 |  |  |  | 8,009 |
Corporate |  |  | 9,293 |  |  |  | 10,970 |
Consolidated |  | $ | 33,022 |  |  | $ | 35,388 |
Assets |  | $ | 33,022 |  |  | $ | 35,388 |
Revenues are attributable to countries based on the location of the Company’s customers: SCHEDULE OF ATTRIBUTABLE TO COUNTIES BASED ON THE LOCATION
|  | Year Ended |
|  | December 31, |
|  | 2023 |  |  | 2022 (Restated) |
Revenues |  |  |  |  |  |
United States |  | $ | 41,493 |  |  | $ | 25,878 |
Approximately 42% and 20% of the Company’s sales during the year ended December 31, 2023 were made to Enchanted Rock Electric, LLC and Sequel Electrical Supply, LLC, respectively. Approximately 43% and 10% of the Company’s sales during the year ended December 31, 2022 were made to Enchanted Rock Electric, LLC and Southern California Gas Company, respectively. The distribution of the Company’s property and equipment by geographic location is approximately as follows: SCHEDULE OF PROPERTY AND EQUIPMENT BY GEOGRAPHIC LOCATION
|  | December 31, |
|  | 2023 |  |  | 2022 |
Property and equipment |  |  |  |  |  |  |  |
United States |  | $ | 3,899 |  |  | $ | 1,800 |

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- 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/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 2: 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 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -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 5: 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 6: 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 7: 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 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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
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