BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

BUSINESS AND SUMMARY OF ACCOUNTING POLICIES

Schedule of operating lease liabilities

The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating lease liabilities as of March 31, 2022:

	As of March 31, 2022
2022 (excluding the three months ended March 31, 2022)	$	709,000
2023		945,000
2024		670,000
2025		375,000
2026		240,000
Thereafter		1,590,000
Total operating lease payments		4,529,000
Less imputed interest		(705,000)
Total operating lease liabilities	$	3,824,000
Weighted average remaining lease term		7.6	years
Weighted average discount rate		5.96	%

Schedule of Revenue

Hy-Tech

	Three months ended March 31,
	2022				2021				Increase (decrease)
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue		$		%
OEM	$	1,965,000	52.6	%	$	1,611,000	52.9	%	$	354,000	22.0	%
ATP		742,000	19.8			713,000	23.4			29,000	4.1
PTG		940,000	25.1			646,000	21.2			294,000	45.5
Other		93,000	2.5			74,000	2.5			19,000	25.7
Total	$	3,740,000	100.0	%	$	3,044,000	100.0	%	$	696,000	22.9	%

Schedule of computation of basic and diluted (loss) per common share

The following table sets forth the elements of basic and diluted loss per common share:

	Three months ended
	March 31,
	2022		2021
Numerator for basic and diluted loss per common share:
Net loss	$	(618,000)	$	(307,000)
Denominator:
Denominator for basic loss per share - weighted average common shares outstanding		3,169,000		3,169,000
Dilutive securities (1)		—		—
Denominator for diluted loss per share - weighted average common shares outstanding		3,169,000		3,169,000