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REVENUE RECOGNITION (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
SCHEDULE OF DISAGGREGATION OF REVENUE | The following table represents a disaggregation of revenue for the three and nine months ended September 30, 2023 and 2022 (in thousands): SCHEDULE OF DISAGGREGATION OF REVENUE
|  |  | Over time |  |  |  | Point in time |  |  |  | Total |
|  | Three months ended September 30, 2023 |
|  |  | Over time |  |  |  | Point in time |  |  |  | Total |
Energy |  | $ | 970 |  |  | $ | 136 |  |  | $ | 1,106 |
Aerospace |  |  | 2,511 |  |  |  | 371 |  |  |  | 2,882 |
Industrial |  |  | 695 |  |  |  | 739 |  |  |  | 1,434 |
Research |  |  | 504 |  |  |  | 308 |  |  |  | 812 |
Total |  | $ | 4,680 |  |  | $ | 1,554 |  |  | $ | 6,234 |
|  |  | Over time |  |  |  | Point in time |  |  |  | Total |
|  | Three months ended September 30, 2022 |
|  | Over time |  |  | Point in time |  |  | Total |
Energy |  | $ | 3,791 |  |  | $ | 25 |  |  | $ | 3,816 |
Aerospace |  |  | - |  |  |  | 154 |  |  |  | 154 |
Industrial |  |  | 1,653 |  |  |  | 1,153 |  |  |  | 2,806 |
Research |  |  | 827 |  |  |  | 516 |  |  |  | 1,343 |
Total |  | $ | 6,271 |  |  | $ | 1,848 |  |  | $ | 8,119 |
|  |  | Over time |  |  |  | Point in time |  |  |  | Total |
|  | Nine months ended September 30, 2023 |
|  | Over time |  |  | Point in time |  |  | Total |
Energy |  | $ | 4,246 |  |  | $ | 189 |  |  | $ | 4,435 |
Aerospace |  |  | 2,774 |  |  |  | 1,226 |  |  |  | 4,000 |
Industrial |  |  | 5,450 |  |  |  | 1,866 |  |  |  | 7,316 |
Research |  |  | 2,960 |  |  |  | 1,287 |  |  |  | 4,247 |
Total |  | $ | 15,430 |  |  | $ | 4,568 |  |  | $ | 19,998 |
|  |  | Over time |  |  |  | Point in time |  |  |  | Total |
|  | Nine months ended September 30, 2022 |
|  | Over time |  |  | Point in time |  |  | Total |
Energy |  | $ | 6,714 |  |  | $ | 49 |  |  | $ | 6,763 |
Aerospace |  |  | - |  |  |  | 1,375 |  |  |  | 1,375 |
Industrial |  |  | 4,099 |  |  |  | 3,197 |  |  |  | 7,296 |
Research |  |  | 1,832 |  |  |  | 1,313 |  |  |  | 3,145 |
Total |  | $ | 12,645 |  |  | $ | 5,934 |  |  | $ | 18,579 |
SCHEDULE OF COST AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS | Contract assets and contract liabilities on input method type contracts in progress are summarized as follows as of September 30, 2023 (in thousands): SCHEDULE OF COST AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS
Costs incurred on contracts in progress |  | $ | 16,762 |
Estimated earnings |  |  | 11,756 |
Costs and estimated earnings on uncompleted contracts |  |  | 28,518 |
Billings to date |  |  | (30,163 | )
Net cost in excess of billings |  |  | (1,645 | )
Deferred revenue related to non-system contracts |  |  | (318 | )
Contract liability in excess of contract assets |  | $ | (1,963 | )
Included in accompanying condensed consolidated balance sheet as of September 30, 2023 under the following captions (in thousands): |  |  |  |
Contract assets |  | $ | 2,895 |
Contract liabilities |  | $ | (4,858 | )

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