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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SCHEDULE OF DISAGGREGATED NET SALES

The following table shows the Company’s disaggregated net sales by product type (in thousands):

SCHEDULE OF DISAGGREGATED NET SALES

		2023				2022
		Years Ended December 31,
		2023				2022
DC power systems		$	14,408			$	15,219
Engineering & Tech Support Services			347				589
Accessories			538				248
Total net sales		$	15,293			$	16,056

The following table shows the Company’s disaggregated net sales by customer type (in thousands):

		2023				2022
		Years Ended December 31,
		2023				2022
Telecom		$	14,516			$	15,357
Government/Military			475				38
Marine			206				205
Other (backup DC power to various industries)			96				456
Total net sales		$	15,293			$	16,056

SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS

The following tables shows the Company’s net sales by the respective geographical regions of our customers (in thousands):

SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS

		2023				2022
		Years Ended
		December 31,
		2023				2022
United States		$	12,078			$	12,073
Canada			267				87
Other N. America			8				—
Australia and South Pacific Islands			2,822				3,678
Asia			9				90
Europe and Middle East			85				128
S. Africa			24				—
Total net sales		$	15,293			$	16,056

SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY

The following is a tabular reconciliation of the product warranty liability, excluding the deferred revenue related to the Company’s warranty coverage (in thousands):

SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY

		2023				2022
		Years End December 31,
		2023				2022
Changes in estimates for warranties
Balance at beginning of the period		$	600			$	600
Payments			(469	)			(508	)
Provision for warranties			469				508
Balance at end of the period		$	600			$	600

SCHEDULE OF INVENTORIES NET

As of December 31, 2023 and 2022, inventories consisted of the following (in thousands):

SCHEDULE OF INVENTORIES NET

		2023				2022
		Years Ended December 31,
		2023				2022
Raw materials		$	14,313			$	12,277
Finished goods			2,209				3,183
Inventories		$	16,522			$	15,460

SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY PLANT AND EQUIPMENT

SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY PLANT AND EQUIPMENT

		Estimated life
Production tooling, jigs, fixtures		3-5 years
Shop equipment and machinery		5 years
Vehicles		3-5 years
Leasehold improvements		Shorter of the lease term or estimated useful life
Office equipment		5 years
Software		5 years

SCHEDULE OF DILUTED EARNINGS PER SHARE

The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive:

SCHEDULE OF DILUTED EARNINGS PER SHARE

		2023				2022
		December 31,
		2023				2022
Options			140,000				140,000
Warrants			—				24,122
Total			140,000				164,122

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