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REVENUE RECOGNITION (Tables)
 9 Months Ended
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):

 

    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):

 

      
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)