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Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2025
Summary of Significant Accounting Policies [Line Items] |
Schedule of Allowance For Credit Losses | The activity for the allowance for credit losses during the three months ended March 31, 2025 and 2024 is set forth in the table below:
|  | Balance at |  |  |  |  |  | Deductions |  |  | Balance at |
|  | Beginning of |  |  | Charged to |  |  | from the |  |  | End of |
|  | Period |  |  | Expenses |  |  | Allowance |  |  | Period |
Three Months ended March 31, 2025 Allowance for Credit Losses |  | $ | 396,000 |  |  | $ | 20,000 |  |  | $ | - |  |  | $ | 416,000 |
Three Months ended March 31, 2024 Allowance for Credit Losses |  | $ | 344,000 |  |  | $ | 26,000 |  |  | $ | (49,000 | ) |  | $ | 321,000 |
Schedule of Inventories | Inventories consist of the following at:
|  | March 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Raw Materials |  | $ | 5,073,000 |  |  | $ | 6,318,000 |
Work In Progress |  |  | 14,217,000 |  |  |  | 13,028,000 |
Semi-Finished Goods |  |  | 8,687,000 |  |  |  | 8,805,000 |
Final-Finished Goods |  |  | 958,000 |  |  |  | 660,000 |
Total Inventory |  | $ | 28,935,000 |  |  | $ | 28,811,000 |
Schedule of Credit and Concentration Risks | The composition of customers that exceeded 10% of net sales for the three months ended March 31, 2025 and 2024 are shown below:
|  | Percentage of Net Sales |
Customer |  | 2025 |  |  | 2024 |
Lockheed Martin |  |  | 39.6 | % |  |  | 25.9 | %
RTX (a) |  |  | 28.9 | % |  |  | 33.4 | %
Northrop |  |  | 8.1 | % |  |  | 11.0 | %
(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, 2025 and 2024:
Product |  | March 31, 2025 |  |  | March 31, 2024 |
Military |  | $ | 8,340,000 |  |  | $ | 10,385,000 |
Commercial |  |  | 3,795,000 |  |  |  | 3,676,000 |
Total |  | $ | 12,135,000 |  |  | $ | 14,061,000 |
Schedule of Anti-Dilutive Due to the Net Loss Incurred | 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, |
|  | 2025 |  |  | 2024 |
Stock Options |  |  | 374,503 |  |  |  | 424,010 |
Restricted Stock Units |  |  | 285,628 |  |  |  | - |
Convertible notes payable |  |  | 361,700 |  |  |  | 405,800 |
|  |  | 1,021,831 |  |  |  | 829,810 |
Accounts Receivable [Member] |
Summary of Significant Accounting Policies [Line Items] |
Schedule of Credit and Concentration Risks | The composition of customers that exceed 10% of accounts receivable at March 31, 2025 and December 31, 2024 are shown below:
|  | Percentage of Net Receivables |
|  | March 31, |  |  | December 31, |
Customer |  | 2025 |  |  | 2024 |
RTX (a) |  |  | 48.6 | % |  |  | 38.2 | %
Lockheed Martin |  |  | 13.0 | % |  |  | 8.6 | %
Ontic |  |  | 10.5 | % |  |  | 14.6 | %
Northrop |  |  | 6.0 | % |  |  | 11.0 | %
(a) | RTX includes Collins Landing Systems and Collins Aerostructures

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