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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 64,000 $ 146,000
Accounts receivable, net 933,000 1,618,000
Inventories 8,528,000 8,325,000
Prepaid expenses 411,000 389,000
Total current assets 9,936,000 10,478,000
Property, plant and equipment:    
Machinery and equipment 17,926,000 17,723,000
Office furniture and equipment 2,084,000 2,084,000
Intellectual property 783,000 783,000
Leasehold improvements 39,000 39,000
Fixtures and equipment at customer locations 519,000 519,000
Projects under construction 41,000 108,000
Property, plant and equipment, gross 21,392,000 21,256,000
Less : accumulated depreciation and amortization (20,545,000) (20,334,000)
Total property, plant and equipment, net 847,000 922,000
Other assets:    
Operating lease right-of-use 3,488,000 3,882,000
1Total other assets 3,488,000 3,882,000
TOTAL ASSETS 14,271,000 15,282,000
Current liabilities:    
Trade payables 1,400,000 1,313,000
Line of credit 3,371,000 2,878,000
Operating Lease Liabilities 512,000 518,000
Accrued liabilities 1,234,000 2,480,000
Total current liabilities 8,369,000 7,478,000
Long-term liabilities:    
Operating Lease Liabilities – noncurrent 2,976,000 3,364,000
Total long-term liabilities 2,976,000 5,058,000
TOTAL LIABILITIES 11,345,000 12,536,000
Equity:    
Series B Preferred Stock — no par value, 170,000 shares authorized, none and 170,000 issued and outstanding at September 30, 2023 and December 31, 2022, respectively 1,851,000
Common Stock – no par value, 2,000,000,000 and 50,000,000 shares authorized, 20,140,413 and 16,102,749 shares issued and 20,096,755 and 16,059,991 shares outstanding at September 30, 2023 and December 31, 2022, respectively 21,283,000 21,283,000
Paid-in-capital 6,646,000 3,895,000
Accumulated deficit (24,842,000) (24,122,000)
Less: Treasury stock, 43,658 shares (161,000) (161,000)
Total Stockholders’ Equity 2,926,000 2,746,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 14,271,000 15,282,000
Nonrelated Party [Member]    
Current liabilities:    
Notes payable 528,000 289,000
Long-term liabilities:    
Notes payable 427,000
Related Party [Member]    
Current liabilities:    
Notes payable 1,324,000
Long-term liabilities:    
Notes payable $ 1,267,000