NOTE 1 — Organization and Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Accounting Policies [Abstract] |
|
| Activities in allowance for doubtful accounts |
| | |
| |
| |
| |
|
| Year | |
Balance at Beginning of Year | |
Charged to Costs and Expenses | |
Amounts Written Off | |
Balance at End of Year |
| | |
| |
| |
| |
|
| | 2025 | | |
$ | 40,651 | | |
$ | — | | |
$ | — | | |
$ | 40,651 | |
| | 2024 | | |
$ | 40,651 | | |
$ | — | | |
$ | — | | |
$ | 40,651 | |
|
| Inventory Components |
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| | |
December 31, |
| | |
2025 | |
2024 |
| Raw materials and sub-assemblies | |
$ | 5,006,124 | | |
$ | 5,716,202 | |
| Finished goods | |
| 350,640 | | |
| 221,241 | |
| Inventory reserves | |
| (1,135,942 | ) | |
| (995,943 | ) |
| Inventory, net | |
$ | 4,220,822 | | |
$ | 4,941,500 | |
|
| Prepaid Expenses and Other Current Assets |
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|
|
|
|
|
|
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| | |
December 31, |
| | |
2025 | |
2024 |
| Prepaid insurance | |
$ | 63,939 | | |
$ | 73,008 | |
| Product certification costs | |
| 139,617 | | |
| 102,716 | |
| Prepaid inventory purchases | |
| 224,031 | | |
| 113,340 | |
| Prepaid maintenance contracts and other prepaid expenses | |
| 120,792 | | |
| 141,655 | |
| Prepaid expenses and other current assets | |
$ | 548,379 | | |
$ | 430,719 | |
|
| Customers who accounted for at least 10% of the Company's accounts receivable balances |
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| | |
December 31, |
| | |
2025 | |
2024 |
| Bluestar, Inc. | |
| 43 | % | |
| 32 | % |
| ScanSource, Inc. | |
| 19 | % | |
| 19 | % |
| EET UK Distribution Ltd. | |
| 11 | % | |
| * | |
| Ingram Micro Inc. | |
| * | | |
| 15 | % |
| * Customer accounted for less than 10% of the Company’s accounts receivable balances |
|
| Warranty |
| |
|
| |
|
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| |
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|
|
| Year | |
Balance at Beginning of Year | |
Additional Warranty Reserves | |
Amounts Charged to Reserves | |
Balance at End of Year |
| | |
| |
| |
| |
|
| | 2025 | | |
$ | 78,871 | | |
$ | 8,076 | | |
$ | (8,076 | ) | |
$ | 78,871 | |
| | 2024 | | |
$ | 78,871 | | |
$ | 10,038 | | |
$ | (10,038 | ) | |
$ | 78,871 | |
|
| Net Inome (Loss) Per Share Applicable to Common Stockholders |
| | |
|
|
|
|
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|
|
| | |
Years Ended December 31, |
| | |
2025 | |
2024 |
| Numerator: | |
| |
|
| Net loss | |
$ | (14,378,538 | ) | |
$ | (2,242,350 | ) |
| |
| | | |
| | |
| Denominator: Weighted average shares outstanding used in computing net loss per
share: | |
| | | |
| | |
| Basic | |
| 7,925,328 | | |
| 7,557,622 | |
| Diluted | |
| 7,925,328 | | |
| 7,557,622 | |
| Net loss per share applicable to common stockholders: | |
| | | |
| | |
| Basic | |
$ | (1.81 | ) | |
$ | (0.30 | ) |
| Diluted | |
$ | (1.81 | ) | |
$ | (0.30 | ) |
|
| Revenues for geographic areas (in $'000) |
| | |
|
|
|
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|
| | |
Years Ended December 31, |
| Revenues: (in thousands) | |
2025 | |
2024 |
| United States | |
$ | 11,131 | | |
$ | 13,863 | |
| Europe | |
| 2,086 | | |
| 2,318 | |
| Asia and rest of world | |
| 1,861 | | |
| 2,582 | |
| Total | |
$ | 15,078 | | |
$ | 18,763 | |
|
| Customers who accounted for at least 10% of total revenues |
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| | |
Years Ended December 31, |
| | |
2025 | |
2024 |
| BlueStar, Inc. | |
| 33 | % | |
| 32 | % |
| ScanSource, Inc. | |
| 10 | % | |
| * | |
| Ingram Micro Inc. | |
| * | | |
| 16 | % |
| *Customers accounted for less than 10% of total revenues |
|