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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Disaggregation of revenue

Net sales by type

 

2024

 

 

Change

 

2023

 

(in thousands)

 

 

 

 

 

 

 

 

Equipment Sales

 

$10,985

 

 

(32.8%)

 

$16,343

 

Adapter Sales

 

 

7,250

 

 

(11.1%)

 

 

8,154

 

Software and Maintenance Sales   *

 

 

3,534

 

 

(0.9%)

 

 

3,567

 

Total

 

$21,769

 

 

(22.4%)

 

$28,064

 

Schedule of consolidated accounts receivable

Percentage of Consolidated Accounts Receivable

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Number of customers

 

 

2

 

 

 

3

 

 

 

 

 

 

 

 

 

 

Approximate percentage of consolidated accounts receivable balance

 

 

43%

 

 

47%

 

 

 

 

 

 

 

 

 

Percentage of each

 

 

30%

 

 

18%

Percentage of each

 

 

13%

 

 

16%

Percentage of each

 

 

-

 

 

 

13%
Schedule of Diversification of net sales

Percentage of Net Sales

 

2024

 

 

2023

 

 

 

 

 

 

 

 

Number of customers

 

 

2

 

 

 

2

 

 

 

 

 

 

 

 

 

 

Approximate percentage of net sales

 

 

34%

 

 

24%

 

 

 

 

 

 

 

 

 

Percentage of each

 

 

19%

 

 

13%

Percentage of each

 

 

15%

 

 

11%