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NET SALES (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
SCHEDULE OF NET SALES BY MARKET

The following tables summarize our net sales by market for the three and six months ended June 30, 2025 and 2024, respectively:

  

   Product/ Service Transferred
Over Time
   Product Transferred at Point in Time   Noncash Consideration1   Total Net Sales by Market 
   Three Months Ended June 30, 2025 
   Product/ Service Transferred
Over Time
   Product Transferred at Point in Time   Noncash Consideration1   Total Net Sales by Market 
Medical Device  $5,049   $2,004   $          497   $7,550 
Medical Imaging   7,490    2,169    5    9,664 
Industrial   6,590    1,799    127    8,516 
Aerospace and Defense   3,975    886    84    4,945 
Total net sales  $23,104   $6,858   $713   $30,675 

 

   Product/ Service Transferred
Over Time
   Product Transferred at Point in Time   Noncash Consideration1   Total Net Sales by Market 
   Three Months Ended June 30, 2024 
   Product/ Service Transferred
Over Time
   Product Transferred at Point in Time   Noncash Consideration1   Total Net Sales by Market 
Medical Device(2)  $6,857   $2,129   $       703   $9,689 
Medical Imaging(2)   5,868    2,306    8    8,182 
Industrial   6,163    2,667    555    9,385 
Aerospace and Defense   6,097    494    44    6,635 
Total net sales  $24,985   $7,596   $1,310   $33,891 

 

   Product/ Service Transferred
Over Time
   Product Transferred at Point in Time   Noncash Consideration1   Total Net Sales by Market 
   Six Months Ended June 30, 2025 
   Product/ Service Transferred
Over Time
   Product Transferred at Point in Time   Noncash Consideration1   Total Net Sales by Market 
Medical Device  $10,821   $3,734   $      1,065   $15,620 
Medical Imaging   14,198    4,042    12    18,252 
Industrial   11,296    3,931    234    15,461 
Aerospace and Defense   6,757    1,364    116    8,237 
Total net sales  $43,072   $13,071   $1,427   $57,570 

 

   Product/ Service Transferred
Over Time
   Product Transferred at Point in Time   Noncash Consideration1   Total Net Sales by Market 
   Six Months Ended June 30, 2024 
   Product/ Service Transferred
Over Time
   Product Transferred at Point in Time   Noncash Consideration1   Total Net Sales by Market 
Medical Device(2)  $13,748   $4,648   $      1,497   $19,893 
Medical Imaging(2)   12,041    5,031    11    17,083 
Industrial   13,110    5,014    853    18,977 
Aerospace and Defense   11,301    736    116    12,153 
Total net sales  $50,200   $15,429   $2,477   $68,106 

 

1 Noncash consideration represents material provided by the customer used in the build of the product.
2 Medical, as reported in the prior-year period filing, has been split between Medical Device and Medical Imaging to conform with the current-year presentation.
SCHEDULE OF CONTRACT ASSETS

Contract assets, recorded in the condensed consolidated balance sheets, consist of unbilled amounts related to revenue recognized over time. Significant changes in the contract assets balance during the six months ended June 30, 2025 were as follows:

  

Balance as of December 31, 2024  $13,792 
Increase (decrease) attributed to:     
Amounts transferred over time to contract assets   43,072 
Allowance for current expected credit losses   (1)
Amounts invoiced during the period   (41,879)
Balance outstanding as of June 30, 2025  $14,984