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REVENUE RECOGNITION (Tables) | 9 Months Ended
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Sep. 30, 2024
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, 2024, and 2023 (in thousands): SCHEDULE OF DISAGGREGATION OF REVENUE
|  | Over time |  |  | Point in time |  |  | Total |
|  | Three months ended September 30, 2024 |
|  | Over time |  |  | Point in time |  |  | Total |
Energy |  | $ | - |  |  | $ | 448 |  |  | $ | 448 |
Aerospace |  |  | 3,814 |  |  |  | 969 |  |  |  | 4,783 |
Industrial |  |  | 1,522 |  |  |  | 368 |  |  |  | 1,890 |
Research |  |  | 927 |  |  |  | 146 |  |  |  | 1,073 |
Total |  | $ | 6,263 |  |  | $ | 1,931 |  |  | $ | 8,194 |
|  | 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 |
CVD EQUIPMENT CORPORATION AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements (Unaudited) NOTE 4: REVENUE RECOGNITION (continued)
|  | Over time |  |  | Point in time |  |  | Total |
|  | Nine months ended September 30, 2024 |
|  | Over time |  |  | Point in time |  |  | Total |
Energy |  | $ | 216 |  |  | $ | 500 |  |  | $ | 716 |
Aerospace |  |  | 8,285 |  |  |  | 1,488 |  |  |  | 9,773 |
Industrial |  |  | 4,324 |  |  |  | 1,142 |  |  |  | 5,466 |
Research |  |  | 2,963 |  |  |  | 544 |  |  |  | 3,507 |
Total |  | $ | 15,788 |  |  | $ | 3,674 |  |  | $ | 19,462 |
|  | 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 |
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, 2024 (in thousands): SCHEDULE OF COST AND ESTIMATED EARNINGS IN EXCESS OF BILLINGS
Costs incurred on contracts in progress |  | $ | 13,540 |
Estimated earnings |  |  | 6,672 |
Costs and estimated earnings on uncompleted contracts |  |  | 20,212 |
Billings to date |  |  | (21,693 | )
Net cost in excess of billings |  |  | (1,481 | )
Deferred revenue related to non-system contracts |  |  | (459 | )
Contract liability in excess of contract assets |  | $ | (1,940 | )
Included in accompanying condensed consolidated balance sheet as of September 30, 2024 under the following captions (in thousands): |  |  |  |
Contract assets |  | $ | 1,348 |
Contract liabilities |  | $ | 3,288 |

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