$MPTI
M-tron Industries, Inc.

2023 Q1 Form 10-K Financial Statement

#000156459023004848 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q2
Revenue $9.367M $8.673M $7.064M
YoY Change 21.79% 26.43% 10.25%
Cost Of Revenue $6.171M $5.580M $4.412M
YoY Change 28.06% 23.45%
Gross Profit $3.196M $3.093M $2.652M
YoY Change 11.28% 32.18%
Gross Profit Margin 34.12% 35.66% 37.54%
Selling, General & Admin $2.435M $2.265M $2.049M
YoY Change 18.32% 5.74%
% of Gross Profit 76.19% 73.23% 77.26%
Research & Development $529.0K
YoY Change 5.8%
% of Gross Profit 16.55%
Depreciation & Amortization $195.0K $199.0K $179.0K
YoY Change 21.12% 30.92%
% of Gross Profit 6.1% 6.43% 6.75%
Operating Expenses $529.0K $2.265M $2.049M
YoY Change -74.3% 5.74%
Operating Profit $761.0K $828.0K $603.0K
YoY Change -6.51% 318.18% -23.96%
Interest Expense -$2.000K -$5.000K -$2.000K
YoY Change -33.33% 66.67%
% of Operating Profit -0.26% -0.6% -0.33%
Other Income/Expense, Net -$42.00K -$233.0K -$9.000K
YoY Change 147.06% 2230.0% -10.0%
Pretax Income $719.0K $595.0K $592.0K
YoY Change -9.45% 221.62% -24.39%
Income Tax $166.0K $405.0K $106.0K
% Of Pretax Income 23.09% 68.07% 17.91%
Net Earnings $553.0K $190.0K $486.0K
YoY Change -10.66% 630.77% -23.7%
Net Earnings / Revenue 5.9% 2.19% 6.88%
Basic Earnings Per Share $0.21 $0.07 $0.18
Diluted Earnings Per Share $0.20 $0.05 $178.2K
COMMON SHARES
Basic Shares Outstanding 2.727M 2.727M 2.676M
Diluted Shares Outstanding 2.701M 2.676M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.127M $926.0K $1.103M
YoY Change -27.76% -64.86%
Cash & Equivalents $1.127M $926.0K $1.103M
Short-Term Investments
Other Short-Term Assets $474.0K $673.0K $213.0K
YoY Change 120.47% 178.1%
Inventory $8.466M $7.518M $6.128M
Prepaid Expenses
Receivables $5.500M $5.197M $4.329M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.57M $14.31M $11.77M
YoY Change 26.28% 18.37%
LONG-TERM ASSETS
Property, Plant & Equipment $3.530M $3.647M $3.647M
YoY Change -3.1% 7.84%
Goodwill $40.00K
YoY Change 0.0%
Intangibles $98.00K
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00K $16.00K $6.105M
YoY Change -99.68% 220.0%
Total Long-Term Assets $4.828M $4.959M $9.877M
YoY Change -43.06% -37.33%
TOTAL ASSETS
Total Short-Term Assets $15.57M $14.31M $11.77M
Total Long-Term Assets $4.828M $4.959M $9.877M
Total Assets $20.40M $19.27M $21.65M
YoY Change -1.98% -3.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.210M $2.381M $1.584M
YoY Change 120.16% 70.56%
Accrued Expenses $2.050M $2.241M $1.579M
YoY Change 35.76% 38.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.590M $4.856M $3.235M
YoY Change 88.34% 61.22%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $59.00K $76.00K $112.0K
YoY Change -54.62% -47.59%
Total Long-Term Liabilities $59.00K $76.00K $112.0K
YoY Change -54.62% -47.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.590M $4.856M $3.235M
Total Long-Term Liabilities $59.00K $76.00K $112.0K
Total Liabilities $5.649M $4.932M $3.347M
YoY Change 82.34% 56.22%
SHAREHOLDERS EQUITY
Retained Earnings $765.0K $212.0K
YoY Change
Common Stock $13.98M $14.13M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.75M $14.34M $18.30M
YoY Change
Total Liabilities & Shareholders Equity $20.40M $19.27M $21.65M
YoY Change -1.98% -3.66%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q2
OPERATING ACTIVITIES
Net Income $553.0K $190.0K $486.0K
YoY Change -10.66% 630.77% -23.7%
Depreciation, Depletion And Amortization $195.0K $199.0K $179.0K
YoY Change 21.12% 30.92%
Cash From Operating Activities $279.0K $837.0K $1.124M
YoY Change -274.38% -47.49%
INVESTING ACTIVITIES
Capital Expenditures $78.00K $273.0K -$188.0K
YoY Change -137.68% -180.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$78.00K -$273.0K -$188.0K
YoY Change -62.32% -19.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -444.0K -1.393M
YoY Change -100.0% -3.9%
NET CHANGE
Cash From Operating Activities 279.0K 837.0K 1.124M
Cash From Investing Activities -78.00K -273.0K -188.0K
Cash From Financing Activities 0.000 -444.0K -1.393M
Net Change In Cash 201.0K 120.0K -457.0K
YoY Change -118.7% -84.85%
FREE CASH FLOW
Cash From Operating Activities $279.0K $837.0K $1.124M
Capital Expenditures $78.00K $273.0K -$188.0K
Free Cash Flow $201.0K $564.0K $1.312M
YoY Change 327.66% -70.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 us-gaap Lessee Operating Lease Existence Of Option To Extend
LesseeOperatingLeaseExistenceOfOptionToExtend
true
CY2022Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAccruedLiabilitiesCurrent
CY2021Q4 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2022#OtherAccruedLiabilitiesCurrent
CY2022 mpti Defined Contribution Plan Employers Matching Contribution Vesting Period
DefinedContributionPlanEmployersMatchingContributionVestingPeriod
P6Y
CY2022 mpti Term Of Warranty
TermOfWarranty
P1Y
CY2022 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2021 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2022Q1 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2022Q2 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2022Q3 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2022Q4 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2021Q1 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2021Q2 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2021Q3 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2021Q4 us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2022#ProductMember
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2021Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-041391
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
46-0457944
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
2525 Shader Road
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Orlando
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
32804
CY2022 dei City Area Code
CityAreaCode
407
CY2022 dei Local Phone Number
LocalPhoneNumber
298-2000
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q4 dei Entity Public Float
EntityPublicFloat
25815984
CY2023Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
2726798
CY2022 dei Auditor Firm
AuditorFirmId
127
CY2022 dei Auditor Name
AuditorName
PKF O’Connor Davies, LLP.
CY2022 dei Auditor Location
AuditorLocation
New York, NY
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
31845000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
26694000
CY2022 us-gaap Manufacturing Costs
ManufacturingCosts
20499000
CY2021 us-gaap Manufacturing Costs
ManufacturingCosts
17358000
CY2022 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
8471000
CY2021 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
7222000
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
2875000
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
2114000
CY2022 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-11000
CY2021 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-12000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-269000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
11000
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-280000
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2595000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2113000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
797000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
531000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1798000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1582000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
926000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2635000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
142000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
131000
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5197000
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3995000
CY2022Q4 us-gaap Inventory Net
InventoryNet
7518000
CY2021Q4 us-gaap Inventory Net
InventoryNet
5221000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
673000
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
242000
CY2022Q4 us-gaap Assets Current
AssetsCurrent
14314000
CY2021Q4 us-gaap Assets Current
AssetsCurrent
12093000
CY2022Q4 us-gaap Land
Land
536000
CY2021Q4 us-gaap Land
Land
536000
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
4937000
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
4869000
CY2022Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
19044000
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
18176000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
24517000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
23581000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20870000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
20199000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3647000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3382000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
147000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
218000
CY2021Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
1969000
CY2022Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
98000
CY2021Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
152000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
1051000
CY2021Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
2187000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
16000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
5000
CY2022Q4 us-gaap Assets
Assets
19273000
CY2021Q4 us-gaap Assets
Assets
20006000
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2381000
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1396000
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1627000
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1213000
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
614000
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
403000
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
234000
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4856000
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3012000
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
76000
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
145000
CY2022Q4 us-gaap Liabilities
Liabilities
4932000
CY2021Q4 us-gaap Liabilities
Liabilities
3157000
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2726798
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2726798
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
0
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
0
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
27000
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
14102000
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
212000
CY2021Q4 mpti Net Investment By Related Party
NetInvestmentByRelatedParty
16849000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
14341000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
16849000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
19273000
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20006000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
14974000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
1582000
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
16849000
CY2022 us-gaap Net Income Loss
NetIncomeLoss
1798000
CY2022 mpti Adjustments To Additional Paid In Capital Share Based Compensation And Other
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationAndOther
80000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
14341000
CY2022 us-gaap Profit Loss
ProfitLoss
1798000
CY2021 us-gaap Profit Loss
ProfitLoss
1582000
CY2022 us-gaap Depreciation
Depreciation
671000
CY2021 us-gaap Depreciation
Depreciation
488000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
54000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
54000
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
458000
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
292000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1136000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
507000
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1202000
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
47000
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2297000
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
116000
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
422000
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2000
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1846000
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
198000
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2042000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2960000
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
936000
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1099000
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-936000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1099000
CY2022 mpti Net Transfers From To Former Parent
NetTransfersFromToFormerParent
-309000
CY2021 mpti Net Transfers From To Former Parent
NetTransfersFromToFormerParent
1000
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
20000
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
2476000
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1683000
CY2022 mpti Tax Payments Related To Share Based Awards
TaxPaymentsRelatedToShareBasedAwards
10000
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2815000
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1682000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1709000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
179000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2635000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2456000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
926000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2635000
CY2022 mpti Number Of Subsidiaries
NumberOfSubsidiaries
2
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Uses of Estimates</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the Consolidated and Combined Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</p>
CY2022 us-gaap Depreciation
Depreciation
671000
CY2021 us-gaap Depreciation
Depreciation
488000
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
112000
CY2022Q4 us-gaap Goodwill
Goodwill
40000
CY2021Q4 us-gaap Goodwill
Goodwill
40000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
54000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
58000
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
95000
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
80000
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2006000
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2006000
CY2022 us-gaap Conversion Of Stock Description
ConversionOfStockDescription
one-half share of the Company's common stock for every share of LGL Group's common stock
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2670000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
9710
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2676480
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2676469
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
44
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2676524
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2676469
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align:justify;margin-bottom:0pt;margin-top:10pt;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Concentration Risks</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:5pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">For the year ended December 31, 2022, the Company's largest customer,<span style="color:#FF0000;"> </span>a commercial aerospace and defense company, accounted for $8,190,000, or 25.7%,<span style="color:#FF0000;"> </span>of the Company's total revenues, compared to $7,838,000, or 29.4%, of the Company’s total revenues for the year ended December 31, 2021.<span style="color:#FF0000;"> </span>The Company’s second largest customer for </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:5pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">the year ended December 31, 2022</span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, a defense contractor, accounted for $</span>4,857,000<span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, or </span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15.3</span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">%,</span><span style="color:#FF0000;"> </span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of the Company's total revenues, compared to </span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$3,138,000</span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">, or </span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11.8%</span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">,</span><span style="font-family:Calibri;"> </span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">of the Company’s total revenues</span><span style="font-family:Calibri;"> </span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">for the year ended December 31, </span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2021</span><span style="font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">.</span></p> <p style="text-align:justify;margin-bottom:0pt;margin-top:5pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">A significant portion of the Company's accounts receivable is concentrated with a relatively small number of customers. As of December 31, 2022, four of the Company's largest customers accounted for approximately $2,872,000, or 53.8%, of accounts receivable. As of December 31, 2021, four of the Company's largest customers accounted for approximately $2,568,000, or 62.3%, of accounts receivable. The Company carefully evaluates the creditworthiness of its customers in deciding to extend credit and utilizes letters of credit to further limit credit risk for export sales. As a result of these policies, the Company has experienced very low historical bad debt expense and believes the related risk to be minimal.</p> <p style="text-align:justify;margin-bottom:0pt;margin-top:5pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">At various times throughout the year and at December 31, 2022 and 2021, some deposits held at financial institutions were in excess of federally insured limits. The Company has not experienced any losses related to these balances.</p>
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2872000
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2568000
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-82000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-11000
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1318000
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1381000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
3335000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
2061000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
3173000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
2190000
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
1010000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
970000
CY2022Q4 us-gaap Inventory Net
InventoryNet
7518000
CY2021Q4 us-gaap Inventory Net
InventoryNet
5221000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
703000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
188000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
23000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
213000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1104000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-263000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
455000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-78000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
52000
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
34000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1000
CY2022 mpti Deferred Income Tax Expense Benefit Net
DeferredIncomeTaxExpenseBenefitNet
-307000
CY2021 mpti Deferred Income Tax Expense Benefit Net
DeferredIncomeTaxExpenseBenefitNet
508000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
797000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
531000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
544000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
444000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
91000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
75000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
83000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
3000
CY2022 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
61000
CY2021 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
74000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
161000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-12000
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
0
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1000
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
0
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-374000
CY2022 mpti Income Tax Reconciliation Change In Uncertain Tax Positions
IncomeTaxReconciliationChangeInUncertainTaxPositions
0
CY2021 mpti Income Tax Reconciliation Change In Uncertain Tax Positions
IncomeTaxReconciliationChangeInUncertainTaxPositions
448000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-21000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
20000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
797000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
531000
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.307
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.251
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
320000
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
334000
CY2022Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
471000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
80000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
44000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
181000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
181000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
61000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
84000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
36000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
15000
CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
50000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
1343000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
204000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
148000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
34000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1167000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
116000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2246000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
59000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1051000
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2187000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
77000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
448000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
419000
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
77000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
29000
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Acquisition
UnrecognizedTaxBenefitsDecreasesResultingFromAcquisition
448000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
77000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
448000
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
77000
CY2022Q4 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
50000
CY2022 mpti Tax Credit Carryforward Expiration Year
TaxCreditCarryforwardExpirationYear
2027
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
80000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
349000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
476000
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
147000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
218000
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
71000
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
73000
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.063
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.042
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
73000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
73000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
12000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
158000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
11000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
147000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
20000
CY2022 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
9710
CY2022 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.50
CY2022 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.06
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
89000
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
112000
CY2022 us-gaap Defined Contribution Plan Employers Matching Contribution Annual Vesting Percentage
DefinedContributionPlanEmployersMatchingContributionAnnualVestingPercentage
0.20
CY2022 mpti Vesting Percentage Of Employer Contributions By Year Six
VestingPercentageOfEmployerContributionsByYearSix
1
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7691000
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7064000
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8417000
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8673000
CY2022Q1 us-gaap Manufacturing Costs
ManufacturingCosts
4819000
CY2022Q2 us-gaap Manufacturing Costs
ManufacturingCosts
4412000
CY2022Q3 us-gaap Manufacturing Costs
ManufacturingCosts
5688000
CY2022Q4 us-gaap Manufacturing Costs
ManufacturingCosts
5580000
CY2022Q1 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
2058000
CY2022Q2 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
2049000
CY2022Q3 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
2099000
CY2022Q4 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
2265000
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
814000
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
603000
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
630000
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
828000
CY2022Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3000
CY2022Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2000
CY2022Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1000
CY2022Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5000
CY2022Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-17000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-9000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-15000
CY2022Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-228000
CY2022Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-20000
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11000
CY2022Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-16000
CY2022Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-233000
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
794000
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
592000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
614000
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
595000
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
175000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
106000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
111000
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
405000
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
619000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
486000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
503000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
190000
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6254000
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6407000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7173000
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6860000
CY2021Q1 us-gaap Manufacturing Costs
ManufacturingCosts
4257000
CY2021Q2 us-gaap Manufacturing Costs
ManufacturingCosts
3945000
CY2021Q3 us-gaap Manufacturing Costs
ManufacturingCosts
4636000
CY2021Q4 us-gaap Manufacturing Costs
ManufacturingCosts
4520000
CY2021Q1 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
1695000
CY2021Q2 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
1669000
CY2021Q3 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
1716000
CY2021Q4 mpti Engineering Selling And Administrative
EngineeringSellingAndAdministrative
2142000
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
302000
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
793000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
821000
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
198000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3000
CY2021Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3000
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3000
CY2021Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-3000
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
46000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-7000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-18000
CY2021Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-10000
CY2021Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
43000
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-10000
CY2021Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-21000
CY2021Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-13000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
345000
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
783000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
800000
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
185000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
146000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
162000
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
159000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
281000
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
637000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
638000
CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
26000
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.10
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01

Files In Submission

Name View Source Status
mpti-20221231_cal.xml Edgar Link unprocessable
0001564590-23-004848-index-headers.html Edgar Link pending
0001564590-23-004848-index.html Edgar Link pending
0001564590-23-004848.txt Edgar Link pending
0001564590-23-004848-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mpti-10k_20221231.htm Edgar Link pending
mpti-20221231.xsd Edgar Link pending
mpti-ex231_11.htm Edgar Link pending
mpti-ex232_181.htm Edgar Link pending
mpti-ex311_9.htm Edgar Link pending
mpti-ex312_8.htm Edgar Link pending
mpti-ex321_6.htm Edgar Link pending
mpti-ex322_7.htm Edgar Link pending
mpti-ex42_264.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
mpti-20221231_def.xml Edgar Link unprocessable
mpti-20221231_lab.xml Edgar Link unprocessable
mpti-10k_20221231_htm.xml Edgar Link completed
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
mpti-20221231_pre.xml Edgar Link unprocessable