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	%