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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash $ 285,000 $ 753,000
Accounts Receivable, Net of Allowance for Credit Losses of $416,000 and $396,000 6,783,000 8,900,000
Inventory 28,935,000 28,811,000
Prepaid Expenses and Other Current Assets 366,000 371,000
Contract Costs Receivable 296,000
Prepaid Taxes 58,000 56,000
Total Current Assets 36,427,000 39,187,000
Property and Equipment, Net 9,446,000 8,809,000
Finance Lease Right-Of-Use-Assets 1,064,000 1,113,000
Operating Lease Right-Of-Use-Assets 1,008,000 1,190,000
Deferred Financing Costs, Net, Deposits and Other Assets 443,000 712,000
TOTAL ASSETS 48,388,000 51,011,000
Current Liabilities    
Debt 18,096,000 18,362,000
Accounts Payable and Accrued Expenses 6,463,000 7,015,000
Operating Lease Liabilities 871,000 881,000
Deferred Gain on Sale 38,000 38,000
Customer Deposits 583,000 1,115,000
Total Current Liabilities 26,051,000 27,411,000
Long Term Liabilities    
Debt 1,685,000 1,759,000
Operating Lease Liabilities 473,000 702,000
Deferred Gain on Sale 19,000 29,000
TOTAL LIABILITIES 33,099,000 36,063,000
Commitments and Contingencies (see Note 8)
Stockholders’ Equity    
Preferred Stock - par value $.001 - Authorized 3,000,000 shares, 0 shares outstanding, at both March 31, 2025 and December 31, 2024.
Common Stock - Par Value $.001 - Authorized 6,000,000 shares, 3,694,095 and 3,474,970 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 4,000 3,000
Additional Paid-In Capital 85,380,000 84,052,000
Accumulated Deficit (70,095,000) (69,107,000)
TOTAL STOCKHOLDERS’ EQUITY 15,289,000 14,948,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 48,388,000 51,011,000
Related Party    
Long Term Liabilities    
Subordinated Notes - Related Party $ 4,871,000 $ 6,162,000