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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash $ 346,000 $ 281,000
Accounts Receivable, Net of Allowance for Credit Loss of $344,000 and $281,000 7,892,000 9,483,000
Inventory 29,851,000 31,821,000
Prepaid Expenses and Other Current Assets 297,000 307,000
Contract Costs Receivable 296,000 296,000
Prepaid Taxes 37,000 28,000
Total Current Assets 38,719,000 42,216,000
Property and Equipment, Net 8,048,000 8,218,000
Finance Lease Right-of-Use-Assets 970,000 375,000
Operating Lease Right-of-Use-Assets 1,866,000 2,473,000
Deferred Financing Costs, Net, Deposits and Other Assets 1,112,000 532,000
TOTAL ASSETS 50,715,000 53,814,000
Current Liabilities    
Debt 16,036,000 14,477,000
Accounts Payable and Accrued Expenses 6,091,000 7,542,000
Operating Lease Liabilities 880,000 778,000
Deferred Gain on Sale - Leaseback 38,000 38,000
Customer Deposits 3,557,000 781,000
Total Current Liabilities 26,602,000 23,616,000
Debt 1,112,000 4,629,000
Subordinated Notes - Related Party 6,162,000 6,162,000
Operating Lease Liabilities 1,582,000 2,463,000
Deferred Gain on Sale – Leaseback 67,000 105,000
TOTAL LIABILITIES 35,525,000 36,975,000
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both December 31, 2023 and December 31, 2022.
Common Stock - Par Value $.001 - Authorized 6,000,000 shares, 3,303,045 and 3,247,937 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively 3,000 3,000
Additional Paid-In Capital 82,928,000 82,446,000
Accumulated Deficit (67,741,000) (65,610,000)
TOTAL STOCKHOLDERS’ EQUITY 15,190,000 16,839,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 50,715,000 $ 53,814,000