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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 5,000 $ 921,000
Accounts receivable, net 2,196,000 3,975,000
Inventories, net 7,852,000 7,791,000
Prepaid expenses 355,000 332,000
Total current assets 10,408,000 13,019,000
Property, plant and equipment:    
Machinery and equipment 22,246,000 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 166,000 112,000
Property, plant and equipment gross 25,837,000 21,477,000
Less: accumulated depreciation and amortization (20,794,000) (20,613,000)
Total property, plant and equipment, net 5,043,000 864,000
Other assets:    
Operating lease right-of-use asset 2,976,000 3,364,000
Prepaid expenses, non-current 2,192,000
Total other assets 5,168,000 3,364,000
TOTAL ASSETS 20,619,000 17,247,000
Current liabilities:    
Trade payables 1,568,000 917,000
Line of credit 4,062,000 4,991,000
Operating lease liabilities 554,000 522,000
Advances from investors 585,000 2,000,000
Accrued liabilities 525,000 226,000
Total current liabilities 7,797,000 10,140,000
Long-term liabilities:    
Notes payable – net of current portion 467,000 533,000
Operating lease liabilities – noncurrent 2,422,000 2,842,000
Total long-term liabilities 2,889,000 3,375,000
TOTAL LIABILITIES 10,686,000 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 September 30, 2024 and December 31, 2023, respectively 27,533,000 21,283,000
Paid-in-capital 7,816,000 6,967,000
Accumulated deficit (26,539,000) (24,357,000)
Less: Treasury stock, 43,658 shares, at cost (161,000) (161,000)
Total Stockholders’ Equity 9,933,000 3,732,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 20,619,000 17,247,000
Series E Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 834,000
Series F Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 450,000
Nonrelated Party [Member]    
Current liabilities:    
Notes payable 159,000 140,000
Related Party [Member]    
Current liabilities:    
Notes payable $ 344,000 $ 1,344,000