v3.26.1
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Disaggregation of Product and Service Net Sales
The following table provides a disaggregation of product and service net sales for the periods presented (in thousands):
Three months ended
March 31,
 20262025
Net sales:  
Commercial products$318 $203 
MMM products628 413 
Setup service3 — 
Total net sales$949 $616 
Schedule of Accounts Receivable, Allowance for Credit Loss Below is the breakout of the Company’s contract assets for such periods (in thousands):
March 31, 2026December 31, 2025January 01, 2025
Gross Accounts Receivable$504 $559 $819 
Less: Allowance for Credit Losses(17)(33)(15)
Net Accounts Receivable$487 $526 $804 
Activity related to our allowance for credit losses for the three months ended March 31, 2026 and 2025 was as follows (in thousands):
Allowance for credit losses as of December 31, 2025$(33)
Reduction of reserve for credit losses as of March 31, 202616 
Allowance for credit losses as of March 31, 2026$(17)
Allowance for credit losses as of December 31, 2024$(15)
Reduction of reserve for credit losses as of March 31, 20252 
Allowance for credit losses as of March 31, 2025$(13)
Schedule of Reconciliation of Basic and Diluted Loss Per Share
The following table presents a reconciliation of basic and diluted loss per share computations (in thousands, except per share amounts):
Three months ended
March 31,
 20262025
Numerator:  
Net loss$(140)$(268)
  
Denominator:
Basic and diluted weighted average common shares outstanding 6,248 5,266 
Schedule of Warranty Activity
The following table summarizes warranty activity for the periods presented (in thousands):
Three months ended
March 31,
20262025
Balance at beginning of period$91 $118 
Warranty accruals for current period sales— 1 
Adjustments to existing warranty reserves(29)(34)
Accrued warranty reserve at end of period$62 $85 
Schedules of Concentration of Risk, by Risk Factor
Total net sales were concentrated among a few customers for the three months ended March 31, 2026 and 2025 as follows:
Three months ended March 31,
2026
2025
Customer A16.3 %19.0 %
Customer B
16.9 %27.2 %
Customer C15.8 %24.1 %
Customer D14.1 %— %
As of March 31, 2026 and December 31, 2025, our trade accounts receivables were concentrated among a few customers as follows:
As of
March 31, 2026
As of
December 31, 2025
Customer A20.9 %— %
Customer B
— %15.9 %
Customer C23.9 %— %
Customer D— %12.0 %
Customer E (located in Taiwan)
— %21.7 %
Customer F— %19.5 %
Customer G14.4 %— %
Total expenditures were concentrated among a few suppliers for the three months ended March 31, 2026 and 2025 as follows:
Three months ended March 31,
2026
2025
Suppliers A
— %20.6 %
Supplier C, related parties*
55.6 %— %
Suppliers D and E, related parties*
21.7 %18.1 %
* See Note 11 “Related Party Transactions”
As of March 31, 2026 and December 31, 2025, our trade accounts payable were concentrated among a few suppliers as follows:

As of
March 31, 2026
As of
December 31, 2025
Supplier B
— %10.8 %
Supplier C, related parties*
80.2 %— %
Suppliers D and E, related parties*
8.8 %70.9 %
* See Note 11 “Related Party Transactions”