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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Significant Accounting Policies [Abstract]

Schedule of Activity for the Allowance for Credit Losses

The activity for the allowance for credit losses during the three months ended March 31, 2024 and 2023 is set forth in the table below:

						Charged
		Balance at Beginning of				to Costs and				Deductions from				Balance at End of
		Period				Expenses				Reserves				Period
Three Months ended March 31, 2024 Allowance for Credit Losses		$	344,000			$	26,000			$	(49,000	)		$	321,000
Three Months ended March 31, 2023 Allowance for Credit Losses		$	281,000			$	4,000			$	-			$	285,000

Schedule of Inventories Consist

Inventories consist of the following at:

		March 31,				December 31,
		2024				2023
Raw Materials		$	5,390,000			$	5,213,000
Work In Progress			13,164,000				13,502,000
Semi - Finished Goods			12,468,000				12,590,000
Final - Finished Goods			1,839,000				1,789,000
Reserve			(3,502,000	)			(3,243,000	)
Total Inventory		$	29,359,000			$	29,851,000

Schedule of Composition of Customers Net Sales

The composition of customers that exceeded 10% of net sales in either the three months ended March 31, 2024 or 2023 are shown below:

		Percentage of Net Sales
Customer		2024				2023
RTX (a)			30.7	%			22.8	%
Lockheed Martin			25.9	%			24.3	%
Northrop			11.0	%			3.7	%
Ruag			4.2	%			10.0	%

^(a) RTX includes Collins Landing Systems and Collins Aerostructures

Schedule of Composition of Customers Accounts Receivable

The composition of customers that exceed 10% of accounts receivable at either March 31, 2024 or December 31, 2023 are shown below:

		Percentage of Net Receivables
		March 31,				December 31,
Customer		2024				2023
RTX (a)			52.6	%			45.5	%
Boeing			0.0	%			16.0	%

^(a) RTX includes Collins Landing Systems and Collins Aerostructures

Schedule of Revenue from Contracts with Customers

The following table summarizes revenue from contracts with customers for the three month periods ended March 31, 2024 and 2023:

Product		March 31, 2024				March 31, 2023
Military		$	10,385,000			$	10,032,000
Commercial			3,676,000				2,517,000
Total		$	14,061,000			$	12,549,000

Schedule of Exercise Price Was Greater Than the Average Market Price

The following securities have been excluded from the calculation as the exercise price was greater than the average market price of the common stock:

		Three Months Ended
		March 31,				March 31,
		2024				2023
Stock Options			234,750				302,550
Warrants			-				28,000
			234,750				330,550

Schedule of Anti-Dilutive Due to the Net Loss

The following securities have been excluded from the calculation because the effect of including these potential shares was anti-dilutive due to the net loss incurred during that period:

		Three Months Ended
		March 31,				March 31,
		2024				2023
Stock Options			189,260				-
Convertible notes payable			405,800				405,800
			595,060				405,800

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