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BUSINESS AND SUMMARY OF ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2023
BUSINESS AND SUMMARY OF ACCOUNTING POLICIES  
Schedule of operating lease liabilities

    

As of March 31, 2023

 

2023 (excluding the three months ended March 31, 2023)

$

602,000

2024

 

918,000

2025

 

816,000

2026

 

691,000

2027

719,000

Thereafter

2,728,000

Total operating lease payments

 

6,474,000

Less imputed interest

 

(1,132,000)

Total operating lease liabilities

$

5,342,000

Weighted average remaining lease term

7.7

years

Weighted average discount rate

5.0

%

Schedule of Revenue

Three months ended March 31, 

 

2023

2022

Increase (decrease)

 

    

    

Percent of

    

    

Percent of

    

    

 

Revenue

revenue

Revenue

revenue

$

%

 

Automotive

$

3,259,000

32.8

%

$

3,881,000

37.7

%

$

(622,000)

(16.0)

%

Retail

2,550,000

25.7

3,020,000

29.5

(470,000)

(15.6)

Industrial

 

1,578,000

15.9

1,444,000

14.0

134,000

9.3

Aerospace

 

2,411,000

24.3

1,777,000

17.3

634,000

35.7

Other

 

126,000

1.3

159,000

1.5

(33,000)

(20.8)

Total

$

9,924,000

100.0

%

$

10,281,000

100.0

%

$

(357,000)

(3.5)

%

Three months ended March 31, 

 

    

2023

    

2022

Increase (decrease)

 

    

Percent of

    

Percent of

    

    

 

Revenue

revenue

Revenue

revenue

$

%

 

OEM

$

3,073,000

52.8

%

$

1,965,000

52.6

%

$

1,108,000

56.4

%

PTG

1,933,000

33.2

940,000

25.1

993,000

105.6

ATP

697,000

12.0

742,000

19.8

(45,000)

(6.1)

Other

 

115,000

2.0

93,000

2.5

22,000

23.7

Total

$

5,818,000

100.0

%

$

3,740,000

100.0

%

$

2,078,000

55.6

%