XML 31 R21.htm IDEA: XBRL DOCUMENT v3.25.3
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Schedule of Disaggregation of Product and Service Net Sales
The following table provides a disaggregation of product and service net sales for the periods presented (in thousands):
Three months ended
September 30,		Nine months ended
September 30,
 2025202420252024
Net sales:    
Commercial products$202 $350 $1,178 $1,004 
MMM products621 846 1,382 2,578 
Setup Service3 — 25 — 
Total net sales$826 $1,196 $2,585 $3,582 
Schedule of Accounts Receivable, Allowance for Credit Loss Below is the breakout of the Company’s contract assets for such periods (in thousands):
September 30, 2025December 31, 2024January 01, 2024
Gross Accounts Receivable$704 $819 $1,590 
Less: Allowance for Credit Loss(39)(15)(20)
Net Accounts Receivable$665 $804 $1,570 
Activity related to our reserve for credit losses for the three and nine months ended September 30, 2025 and 2024 was as follows (in thousands):
Allowance for credit loss as of December 31, 2024$(15)
Reduction of reserve for credit losses as of March 31, 20252 
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)
Reduction of reserve for credit losses as of September 30, 202545 
Allowance for credit loss as of September 30, 2025$(39)
Allowance for credit loss as of January 1, 2024$(20)
Reduction of reserve for credit losses as of March 31, 202411 
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)
Increase in reserve for credit losses as of September 30, 2024(3)
Allowance for credit loss as of September 30, 2024$(12)
Schedule of Basic and Diluted Income (Loss) Per Share
The following table presents a reconciliation of basic and diluted loss per share computations (in thousands):
Three months ended
September 30,		Nine months ended
September 30,
 2025202420252024
Numerator:  
Net loss$(172)$(316)$(671)$(1,288)
  
Denominator:
Basic and diluted weighted average shares of common stock outstanding 5,610 5,261 5,420 4,840 
Schedule of Warranty Activity
The following table summarizes warranty activity for the periods presented (in thousands):
Three months ended
September 30,		Nine months ended
September 30,
2025202420252024
Balance at beginning of period$88 $117 $118 $150 
Warranty accruals for current period sales— 1 4 3 
Adjustments to existing warranty reserves(1)— (35)(35)
Accrued warranty reserve at end of period$87 $118 $87 $118 
Schedules of Concentration of Risk, by Risk Factor
Total net sales were concentrated among a few customers for the three and nine months ended September 30, 2025 and 2024 as follows:
Three months ended September 30,
Nine months ended September 30,
2025202420252024
Customer A24.5 %— %20.0 %— %
Customer B18.7 %24.0 %— %— %
Customer C14.9 %— %— %— %
Customer D12.0 %— %— %— %
Customer E11.3 %— %— %— %
Customer F— %16.0 %10.5 %10.0 %
Customer G— %— %— %12.0 %
Customer H— %14.0 %— %— %
Customer I— %12.0 %— %— %
Customer J (located in Taiwan)
— %— %22.2 %— %
Customer K— %— %— %17.0 %
At September 30, 2025 and December 31, 2024, our trade accounts receivables were concentrated among a few customers as follows:
As of
September 30, 2025
As of
December 31, 2024
Customer A23.5 %14.9 %
Customer B23.1 %51.8 %
Customer I11.3 %20.8 %
Customer J (located in Taiwan)
19.5 %— %
Total expenditures were concentrated among a few suppliers for the three and nine months ended September 30, 2025 and 2024 as follows:
Three months ended September 30,
Nine months ended September 30,
2025202420252024
Suppliers B and C, related parties*
48.1 %13.2 %27.9 %38.6 %
* See Note 11 “Related Party Transactions”
At September 30, 2025 and December 31, 2024, our trade accounts payable were concentrated among a few suppliers as follows:

As of
September 30, 2025
As of
December 31, 2024
Supplier A— %35.6 %
Suppliers B and C, related parties*
80.7 %54.4 %
* See Note 11 “Related Party Transactions”