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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 22,000 $ 921,000
Accounts receivable, net 3,430,000 3,975,000
Inventories, net 7,444,000 7,791,000
Prepaid expenses 353,000 332,000
Total current assets 11,249,000 13,019,000
Property, plant and equipment:    
Machinery and equipment 22,066,000 17,940,000
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 318,000 112,000
Property, plant and equipment gross 25,809,000 21,477,000
Less: accumulated depreciation and amortization (20,733,000) (20,613,000)
Total property, plant and equipment, net 5,076,000 864,000
Other assets:    
Operating lease right-of-use asset 3,108,000 3,364,000
Prepaid expenses, non-current 2,192,000
Total other assets 5,300,000 3,364,000
TOTAL ASSETS 21,625,000 17,247,000
Current liabilities:    
Trade payables 847,000 917,000
Line of credit 4,788,000 4,991,000
Operating lease liabilities 543,000 522,000
Advances from investors 2,000,000
Accrued liabilities 775,000 226,000
Total current liabilities 7,450,000 10,140,000
Long-term liabilities:    
Notes payable – net of current portion 490,000 533,000
Operating lease liabilities – noncurrent 2,565,000 2,842,000
Total long-term liabilities 3,055,000 3,375,000
TOTAL LIABILITIES 10,505,000 13,515,000
Stockholders’ Equity:    
Common Stock – no par value, 2,000,000,000 shares authorized, 25,891,845 and 20,815,595 shares issued and 25,848,187 and 20,771,937 shares outstanding at June 30, 2024 and December 31, 2023, respectively 27,533,000 21,283,000
Paid-in-capital 7,838,000 6,967,000
Accumulated deficit (25,346,000) (24,357,000)
Less: Treasury stock, 43,658 shares, at cost (161,000) (161,000)
Total Stockholders’ Equity 11,120,000 3,732,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 21,625,000 17,247,000
Series E Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 816,000
Series F Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 440,000
Nonrelated Party [Member]    
Current liabilities:    
Notes payable 153,000 140,000
Related Party [Member]    
Current liabilities:    
Notes payable $ 344,000 $ 1,344,000