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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Summary of Significant Accounting Policies [Abstract]  
Schedule of inventories
   September 30,   December 31, 
   2022   2021 
Raw Materials  $4,163,000   $3,410,000 
Work In Progress   22,329,000    20,926,000 
Finished Goods   9,677,000    8,350,000 
Reserve   (2,761,000)   (3,154,000)
Total Inventory  $33,408,000   $29,532,000 

 

Schedule of credit and concentration risks
Customer  Percentage of Sales 
   September 30,
2022
   September 30,
2021
 
1   40.7%   41.6%
2   23.2%   26.1%

 

Customer  Percentage of Sales 
   September 30,
2022
   September 30,
2021
 
1   32.5%   36.8%
2   19.5%   26.2%
3   16.9%   12.5%

  

Customer  Percentage of Receivables 
   September 30,   December 31, 
   2022   2021 
1   58.1%   50.3%
2   12.1%   12.7%
3   *    11.7%

 

Customer was less than 10% of accounts receivable at September 30, 2022.

 

Schedule of revenue from contracts with customers
   Three Months Ended   Nine Months Ended 
Product  September 30,
2022
   September 30,
2021
   September 30,
2022
   September 30,
2021
 
Military  $11,266,000   $12,380,000   $33,399,000   $38,750,000 
Commercial   2,012,000    1,973,000    5,949,000    4,769,000 
                     
Total  $13,278,000   $14,353,000   $39,348,000   $43,519,000 

 

Schedule of net income (loss) applicable to common stockholders
   Three Months Ended   Nine Months Ended 
   September 30,
2022
   September 30,
2021
   September 30,
2022
   September 30,
2021
 
(Loss) Income - Basic  $(142,000)  $(66,000)  $(177,000)  $21,000 
Add: Convertible Note Interest for Potential Note Conversion   
-
    
-
    
-
    232,000 
                     
(Loss) Income used to calculate diluted earnings per share  $(142,000)  $(66,000)  $(177,000)  $253,000 

 

Schedule of basic and diluted earnings per share
   Three Months Ended   Nine Months Ended 
   September 30,
2022
   September 30,
2021
   September 30,
2022
   September 30,
2021
 
Weighted average shares outstanding used to compute basic earnings per share   3,232,467    3,207,405    3,224,912    3,202,287 
Effect of dilutive stock options and warrants   
-
    
-
    
-
    266,300 
Effect of dilutive convertible notes payable   
-
    
-
    
-
    405,789 
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share   3,232,467    3,207,405    3,224,912    3,874,376 

 

Schedule of exercise price was greater than the average market price
   Three Months Ended   Nine Months Ended 
   September 30,
2022
   September 30,
2021
   September 30,
2022
   September 30,
2021
 
Stock Options   305,350    118,000    305,350    16,000 
Warrants   76,000    183,000    76,000    142,000 
    381,350    301,000    381,350    158,000 

 

   Three Months Ended   Nine Months Ended 
   September 30,
2022
   September 30,
2021
   September 30,
2022
   September 30,
2021
 
Stock Options   
-
    133,000    
       -
    
         -
 
Convertible notes payable   405,810    509,000    405,810    - 
    405,810    642,000    405,810    
-