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DESCRIPTION OF BUSINESS
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DESCRIPTION OF BUSINESS

1. DESCRIPTION OF BUSINESS

Digital Power Corporation ("Digital Power") was incorporated in 1969, under the General Corporation Law of the State of California. Digital Power and Digital Power Limited ("DP Limited"), a wholly owned subsidiary, located in the United Kingdom, are currently engaged in the design, manufacture and sale of switching power supplies and converters. On November 30, 2016, Digital Power formed Digital Power Lending, LLC, a wholly-owned subsidiary (“DP Lending”). DP Lending is engaged in providing commercial loans to companies throughout the United States to provide them with operating capital to finance the growth of their businesses. The loans will primarily be short-term, ranging from six to twelve months. Further, on June 2, 2017, Digital Power purchased 56.4% of the outstanding equity interests of Microphase Corporation, a Delaware corporation (the “Microphase”). Microphase is a design-to-manufacture original equipment manufacturer (“OEM”) delivering radio frequency (“RF”) and microwave filters, diplexers, multiplexers, detectors, switch filters, integrated assemblies and detector logarithmic video amplifiers (“DLVA”) to the military, aerospace and telecommunications industries. Microphase is headquartered in Shelton, Connecticut. Digital Power, DP Limited, Microphase and DP Lending (collectively, the “Company”) has two reportable geographic segments - North America (sales through Digital Power, Microphase and DP Lending) and Europe (sales through DP Limited).

Restatement of Previously Issued Financial Statements

This Amendment amends the Quarterly Report on Form 10-Q of the Company for the six months ended June 30, 2017, that was originally filed with the U.S. Securities and Exchange Commission on August 21, 2017. This Amendment only amends and restates the misclassification of payments made towards the purchase of real property that were classified as a current asset in prepaid expense and which should have been recorded as a non-current asset and classified as Other investments, related party. The Company has restated its Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows to correct this misclassification. Further, this Amendment also includes certain additional disclosures in paragraphs 3, 4 and 17 of the Company’s Subsequent Events Note 16 to disclose the following additional subsequent events:  (i) the purchase of intellectual property for $81, (ii) the modification of certain terms of Microphase’s revolving credit facility and the guarantee by the Company of that facility and (iii) the existence of personal guarantees by the Company’s Executive Chairman for debt that was incurred after June 30, 2017. Finally, the Company has modified its disclosures in Item 4 of Part I to identify that certain material weaknesses were identified and that the existing disclosure controls and procedures were not effective.