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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
SCHEDULE OF INVENTORIES | Inventories are as follows as of December 31: SCHEDULE OF INVENTORIES
|  | 2024 |  |  | 2023 |
Raw materials |  | $ | 21,122 |  |  | $ | 20,863 |
Work in process |  |  | 892 |  |  |  | 1,033 |
Finished goods |  |  | 1,070 |  |  |  | 934 |
Reserves |  |  | (1,446 | ) |  |  | (1,170 | )
Total |  | $ | 21,638 |  |  | $ | 21,660 |
SCHEDULE OF ESTIMATED USEFUL LIVES | SCHEDULE OF ESTIMATED USEFUL LIVES
|  | (in years)
Building |  | 39
Leasehold improvements |  | 3 - 15
Manufacturing equipment |  | 3 - 7
Office and other equipment |  | 3 - 7
SCHEDULE OF PROPERTY AND EQUIPMENT | Property and equipment as of December 31, 2024 and 2023: SCHEDULE OF PROPERTY AND EQUIPMENT
|  | 2024 |  |  | 2023 |
Land |  | $ | 148 |  |  | $ | 148 |
Building and leasehold improvements |  |  | 6,027 |  |  |  | 6,041 |
Manufacturing equipment |  |  | 20,807 |  |  |  | 19,877 |
Office and other equipment |  |  | 6,523 |  |  |  | 7,385 |
Accumulated depreciation and amortization |  |  | (27,273 | ) |  |  | (26,938 | )
Total property and equipment, net |  | $ | 6,232 |  |  | $ | 6,513 |
SCHEDULE OF CONTRACT ASSETS | Contract assets, recorded as such in the consolidated balance sheets, consist of unbilled amounts related to net sales recognized over time. Changes in the contract assets balance during the years ended December 31, 2024 and 2023 were as follows: SCHEDULE OF CONTRACT ASSETS
Balance outstanding as of December 31, 2022 |  | $ | 9,982 |
Increase (decrease) attributed to: |  |  |  |
Amounts transferred over time to contract assets |  |  | 110,195 |
Allowance for current expected credit losses |  |  | (12 | )
Amounts invoiced during the period |  |  | (105,684 | )
Balance outstanding as of December 31, 2023 |  | $ | 14,481 |
Increase (decrease) attributed to: |  |  |  |
Amounts transferred over time to contract assets |  |  | 97,724 |
Allowance for current expected credit losses |  |  | 4 |
Amounts invoiced during the period |  |  | (98,417 | )
Balance outstanding as of December 31, 2024 |  | $ | 13,792 |
SCHEDULE OF NET SALES BY MARKET | The following tables summarize our net sales by market for the years ended December 31, 2024 and 2023: SCHEDULE OF NET SALES BY MARKET
|  | Product/ Service Transferred Over Time |  |  | Product Transferred at Point in Time |  |  | Noncash Consideration |  |  | Total Net Sales by Market |
|  | Year Ended December 31, 2024 |
|  | Product/ Service Transferred Over Time |  |  | Product Transferred at Point in Time |  |  | Noncash Consideration |  |  | Total Net Sales by Market |
Medical Device |  | $ | 24,085 |  |  | $ | 7,487 |  |  | $ | 3,064 |  |  | $ | 34,636 |
Medical Imaging |  |  | 29,362 |  |  |  | 8,104 |  |  |  | 26 |  |  |  | 37,492 |
Industrial |  |  | 25,652 |  |  |  | 8,620 |  |  |  | 1,245 |  |  |  | 35,517 |
Aerospace and Defense |  |  | 18,625 |  |  |  | 1,658 |  |  |  | 205 |  |  |  | 20,488 |
Total net sales |  | $ | 97,724 |  |  | $ | 25,869 |  |  | $ | 4,540 |  |  | $ | 128,133 |
|  | Product/ Service Transferred Over Time |  |  | Product Transferred at Point in Time |  |  | Noncash Consideration |  |  | Total Net Sales by Market |
|  | Year Ended December 31, 2023 |
|  | Product/ Service Transferred Over Time |  |  | Product Transferred at Point in Time |  |  | Noncash Consideration |  |  | Total Net Sales by Market |
Medical Device |  | $ | 28,359 |  |  | $ | 8,095 |  |  | $ | 2,304 |  |  | $ | 38,758 |
Medical Imaging |  |  | 32,147 |  |  |  | 7,704 |  |  |  | 57 |  |  |  | 39,908 |
Industrial |  |  | 31,384 |  |  |  | 7,403 |  |  |  | 1,326 |  |  |  | 40,113 |
Aerospace and Defense |  |  | 18,305 |  |  |  | 1,847 |  |  |  | 401 |  |  |  | 20,553 |
Total net sales |  | $ | 110,195 |  |  | $ | 25,049 |  |  | $ | 4,088 |  |  | $ | 139,332 |

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