BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2022:

	As of September 30, 2022
2022 (excluding the nine months ended September 30, 2022)	$	237,000
2023		733,000
2024		499,000
2025		383,000
2026		240,000
Thereafter		1,589,000
Total operating lease payments		3,681,000
Less imputed interest		(456,000)
Total operating lease liabilities	$	3,225,000
Weighted average remaining lease term		7.9	years
Weighted average discount rate		3.53	%

Schedule of Revenue

	Three months ended September 30,
	2022				2021				Increase (decrease)
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue		$		%
Automotive	$	3,110,000	31.4	%	$	3,168,000	33.0	%	$	(58,000)	(1.8)	%
Retail		2,779,000	28.0			3,222,000	33.5			(443,000)	(13.7)
Industrial		1,305,000	13.2			1,257,000	13.1			48,000	3.8
Aerospace		2,538,000	25.6			1,832,000	19.1			706,000	38.5
Other		174,000	1.8			128,000	1.3			46,000	35.9
Total	$	9,906,000	100.0	%	$	9,607,000	100.0	%	$	299,000	3.1	%

	Nine months ended September 30,
	2022				2021				Increase (decrease)
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue		$		%
Automotive	$	10,845,000	33.0	%	$	11,053,000	35.4	%	$	(208,000)	(1.9)	%
Retail		10,625,000	32.3			10,775,000	34.5			(150,000)	(1.4)
Industrial		4,416,000	13.5			3,919,000	12.6			497,000	12.7
Aerospace		6,531,000	19.9			5,094,000	16.3			1,437,000	28.2
Other		436,000	1.3			380,000	1.2			56,000	14.7
Total	$	32,853,000	100.0	%	$	31,221,000	100.0	%	$	1,632,000	5.2	%

	Three months ended September 30,
	2022				2021				Increase (decrease)
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue		$		%
OEM	$	2,187,000	47.4	%	$	1,668,000	49.4	%	$	519,000	31.1	%
ATP		490,000	10.6			751,000	22.2			(261,000)	(34.8)
PTG		1,693,000	36.8			882,000	26.1			811,000	92.0
Other		240,000	5.2			77,000	2.3			163,000	211.7
Total	$	4,610,000	100.0	%	$	3,378,000	100.0	%	$	1,232,000	36.5	%

	Nine months ended September 30,
	2022				2021				Increase (decrease)
			Percent of				Percent of
	Revenue		revenue		Revenue		revenue		$		%
OEM	$	6,693,000	49.6	%	$	4,688,000	50.4	%	$	2,005,000	42.8	%
ATP		2,178,000	16.1			2,242,000	24.1			(64,000)	(2.9)
PTG		4,216,000	31.3			2,132,000	22.9			2,084,000	97.7
Other		407,000	3.0			237,000	2.6			170,000	71.7
Total	$	13,494,000	100.0	%	$	9,299,000	100.0	%	$	4,195,000	45.1	%