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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash $ 740,000 $ 281,000
Accounts Receivable, Net of Allowance for Credit Loss of $348,000 and $281,000, at September 30, 2023 and December 31, 2022, respectively 5,221,000 9,483,000
Inventory 31,348,000 31,821,000
Prepaid Expenses and Other Current Assets 235,000 307,000
Contract Costs Receivable 296,000 296,000
Prepaid Taxes 28,000 28,000
Total Current Assets 37,868,000 42,216,000
Property and Equipment, Net 9,285,000 8,593,000
Operating Lease Right-Of-Use-Assets 2,024,000 2,473,000
Deferred Financing Costs, Net, Deposits and Other Assets 542,000 532,000
TOTAL ASSETS 49,719,000 53,814,000
Current Liabilities    
Debt - Current Portion 13,903,000 14,477,000
Accounts Payable and Accrued Expenses 7,290,000 7,542,000
Operating Lease Liabilities - Current Portion 854,000 778,000
Deferred Gain on Sale - Current Portion 38,000 38,000
Customer Deposits 3,476,000 781,000
Total Current Liabilities 25,561,000 23,616,000
Long-Term Liabilities    
Debt - Net of Current Portion 1,156,000 4,629,000
Subordinated Notes Payable - Related Party 6,162,000 6,162,000
Operating Lease Liabilities - Net of Current Portion 1,815,000 2,463,000
Deferred Gain on Sale - Net of Current Portion 76,000 105,000
TOTAL LIABILITIES 34,770,000 36,975,000
Commitments and Contingencies (see Note 7)
Stockholders’ Equity    
Preferred Stock, Par Value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both September 30, 2023 and December 31, 2022.
Common Stock - Par Value $.001 - Authorized 6,000,000 shares, 3,289,827 and 3,247,937 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 3,000 3,000
Additional Paid-In Capital 82,868,000 82,446,000
Accumulated Deficit (67,922,000) (65,610,000)
TOTAL STOCKHOLDERS’ EQUITY 14,949,000 16,839,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 49,719,000 $ 53,814,000