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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Jun. 30, 2025
Accounting Policies [Abstract] |
Schedule of Breakdown of Product Net Sales | The following table provides a disaggregation of product and service net sales for the periods presented (in thousands):
| Three months ended June 30, |  |  | Six months ended June 30,
| 2025 |  | 2024 |  |  | 2025 |  | 2024
Net sales: |  |  |  |  |  |  |  |
Commercial products | $ | 773 |  |  | $ | 355 |  |  |  | $ | 976 |  |  | $ | 654 |
MMM products | 348 |  |  | 1,198 |  |  |  | 761 |  |  | 1,732 |
Setup service | 22 |  |  | — |  |  |  | 22 |  |  | — |
Total net sales | $ | 1,143 |  |  | $ | 1,553 |  |  |  | $ | 1,759 |  |  | $ | 2,386 |
Schedule of Accounts Receivable, Allowance for Credit Loss | Below is the breakout of the Company’s contract assets for such periods (in thousands):
| June 30, 2025 |  | December 31, 2024 |  | January 01, 2024
Gross Accounts Receivable | $ | 1,044 |  |  | $ | 819 |  |  | $ | 1,590 |
Less: Reserve for Credit Losses | $ | (84) |  |  | $ | (15) |  |  | $ | (20) |
Net Accounts Receivable | $ | 960 |  |  | $ | 804 |  |  | $ | 1,570 |
Activity related to our reserve for credit losses for the three and six months ended June 30, 2025 and 2024 was as follows (in thousands):
Allowance for credit loss as of December 31, 2024 | $ | (15) |  |
Reduction of reserve for credit losses as of March 31, 2025 | 2 |  |
Allowance for credit loss as of March 31, 2025 | (13) |  |
Increase in reserve for credit losses as of June 30, 2025 | (71) |  |
Allowance for credit loss as of June 30, 2025 | $ | (84) |  |
Allowance for credit loss as of January 1, 2024 | $ | (20) |  |
Reduction of reserve for credit losses as of March 31, 2024 | 11 |  |
Allowance for credit loss as of March 31, 2024 | (9) |  |
Reduction of reserve for credit losses as of June 30, 2024 | — |  |
Allowance for credit loss as of June 30, 2024 | $ | (9) |  |
Schedule of Basic and Diluted Income (Loss) Per Share | The following table presents a reconciliation of basic and diluted loss per share computations (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator: |  |  |  |  |  |  |
Net loss | $ | (231) |  |  | $ | (554) |  |  | $ | (499) |  |  | $ | (972) |
Denominator: |  |  |  |  |  |  |
Basic and diluted weighted average shares of common stock outstanding | 5,379 |  |  | 4,785 |  |  | 5,323 |  |  | 4,609 |
Schedule of Warranty Activity | The following table summarizes warranty activity for the periods presented (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Balance at beginning of period | $ | 85 |  |  | $ | 116 |  |  | $ | 118 |  |  | $ | 150 |
Warranty accruals for current period sales | 3 |  |  | 1 |  |  | 4 |  |  | 2 |
Adjustments to existing warranty reserves | — |  |  | — |  |  | (34) |  |  | (35) |
Accrued warranty reserve at end of period | $ | 88 |  |  | $ | 117 |  |  | $ | 88 |  |  | $ | 117 |
Schedule of Concentration of Risk, Total Expenditures and Trade Accounts Payable | Total expenditures were concentrated among a few suppliers for the three and six months ended June 30, 2025 and 2024 as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Supplier B and C, related parties* | 15.2 | % |  | 32.5 | % |  | 16.7 | % |  | 46.4 | %
Supplier D | 30.7 | % |  | — | % |  | 14.8 | % |  | — | %
Supplier E | — | % |  | — | % |  | 10.6 | % |  | — | %
* See Note 11 “Related Party Transactions” At June 30, 2025 and December 31, 2024 of our trade accounts payable were concentrated among a few suppliers as follows:
| As of June 30, 2025 |  | As of December 31, 2024
Supplier A | — | % |  | 35.6 | %
Supplier B and C, related parties* | 86.0 | % |  | 54.4 | %
* See Note 11 “Related Party Transactions”

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