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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

Summary of Significant Accounting Policies [Line Items]

Schedule of Allowance for Credit Losses

The activity for the allowance for credit losses during the six months ended June 30, 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
Six Months ended June 30, 2025 Allowance for Credit Losses		$	396,000			$	28,000			$	(56,000	)		$	368,000
Six Months ended June 30, 2024 Allowance for Credit Losses		$	344,000			$	26,000			$	(82,000	)		$	288,000

Schedule of Inventories

Inventories consist of the following at:

		June 30,				December 31,
		2025				2024
Raw Materials		$	6,754,000			$	6,318,000
Work In Progress			14,373,000				13,028,000
Semi-Finished Goods			8,043,000				8,805,000
Final-Finished Goods			1,017,000				660,000
Total Inventory		$	30,187,000			$	28,811,000

Schedule of Credit and Concentration Risks

The composition of customers that exceeded 10% of net sales for the three months ended June 30, 2025 and 2024 are shown below:

		Percentage of Net Sales
Customer		2025				2024
RTX (a)			44.3	%			25.2	%
Lockheed Martin			27.5	%			25.4	%
Northrop			8.0	%			30.5	%

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

The composition of customers that exceeded 10% of net sales for the six months ended June 30, 2025 and 2024 are shown below:

		Percentage of Net Sales
Customer		2025				2024
RTX (a)			36.7	%			29.3	%
Lockheed Martin			33.4	%			25.6	%
Northrop			8.1	%			20.6	%

^(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 and six month ending June 30, 2025 and 2024:

		Three Months Ended								Six Months Ended
Product		June 30, 2025				June 30, 2024				June 30, 2025				June 30, 2024
Military		$	6,831,000			$	8,920,000			$	15,171,000			$	19,304,000
Commercial			5,828,000				4,652,000				9,631,000				8,329,000
Total		$	12,659,000			$	13,572,000			$	24,802,000			$	27,633,000

Schedule of Net (Loss) Income Applicable to Common Stockholders

The following is a calculation of net (loss) income applicable to common stockholders utilized to calculate EPS:

		Three Months Ended								Six Months Ended
		June 30,				June 30,				June 30,				June 30,
		2025				2024				2025				2024
Net Income (Loss) per condensed consolidated statements of operations		$	(422,000	)		$	298,000			$	(1,410,000	)		$	(408,000	)
Add: Convertible Note Interest for Potential Note Conversion			-				77,000				-				-
Net (Loss) Income used to calculate diluted earnings per share		$	(422,000	)		$	375,000			$	(1,410,000	)		$	(408,000	)

Schedule of Denominators of Basic and Diluted Earnings Per Share

The following is a reconciliation of the denominators of basic and diluted earnings per share computations:

		Three Months Ended								Six Months Ended
		June 30,				June 30,				June 30,				June 30,
		2025				2024				2025				2024
Weighted average shares outstanding used to compute basic earnings per share			3,731,335				3,318,620				3,699,084				3,318,146
Effect of dilutive stock options			-				106,420				-				-
Effect of dilutive convertible notes payable			-				405,800				-				-
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share			3,731,335				3,724,420				3,699,084				3,318,146
Per share amount – basic		$	(0.11	)		$	0.09			$	(0.38	)		$	(0.12	)
Per share amount – diluted		$	(0.11	)		$	0.08			$	(0.38	)		$	(0.12	)

Schedule of Anti-Dilutive Due to the Net Loss Incurred

The following securities have been excluded from the calculation as the exercise price was greater than the average market price of the common stock and because the effect of including these potential shares was anti-dilutive due to net loss incurred during that period:

		Three Months Ended								Six Months Ended
		June 30,				June 30,				June 30,				June 30,
		2025				2024				2025				2024
Stock Options			374,503				313,583				374,503				420,003
Restricted Stock Units			190,418				-				190,418				-
Convertible Notes Payable			361,700				-				361,700				405,800
			926,621				313,583				926,621				825,803

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 for June 30, 2025 and December 31, 2024 are shown below:

		Percentage of Net Receivables
		June 30,				December 31,
Customer		2025				2024
RTX (a)			67.2	%			38.2	%
Lockheed			10.1	%			8.6	%
Ontic			5.5	%			14.6	%
Northrop			2.1	%			11.0	%

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

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