$NSYS
NORTECH SYSTEMS INC Stock $nsys

$nsys Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000143774923022704 Filed on August 09, 2023

Income Statement

Concept	2023 Q3	2023 Q2	2022 Q2
Revenue	$33.37M	$35.02M	$32.52M
YoY Change	-5.41%	7.7%	7.74%
Cost Of Revenue	$28.05M	$29.55M	$27.51M
YoY Change	-3.1%	7.39%	3.45%
Gross Profit	$5.319M	$5.474M	$5.004M
YoY Change	-15.95%	9.39%	39.58%
Gross Profit Margin	15.94%	15.63%	15.39%
Selling, General & Admin	$3.881M	$4.058M	$3.628M
YoY Change	-0.69%	11.85%	21.38%
% of Gross Profit	72.96%	74.13%	72.5%
Research & Development	$314.0K	$317.0K	$351.0K
YoY Change	-33.89%	-9.69%	69.57%
% of Gross Profit	5.9%	5.79%	7.01%
Depreciation & Amortization	$510.0K	$522.0K	$481.0K
YoY Change	7.82%	8.52%	-1.23%
% of Gross Profit	9.59%	9.54%	9.61%
Operating Expenses	$4.195M	$4.375M	$3.979M
YoY Change	-4.29%	9.95%	25.17%
Operating Profit	$1.124M	$1.099M	$1.025M
YoY Change	-42.21%	7.22%	152.46%
Interest Expense	$130.0K	$125.0K	-$117.0K
YoY Change	6.56%	-206.84%	-200.86%
% of Operating Profit	11.57%	11.37%	-11.41%
Other Income/Expense, Net
YoY Change
Pretax Income	$994.0K	$974.0K	$908.0K
YoY Change	-45.47%	7.27%	213.1%
Income Tax	-$213.0K	$340.0K	$189.0K
% Of Pretax Income	-21.43%	34.91%	20.81%
Net Earnings	$1.207M	$634.0K	$719.0K
YoY Change	-21.32%	-11.82%	301.68%
Net Earnings / Revenue	3.62%	1.81%	2.21%
Basic Earnings Per Share	$0.44	$0.23	$0.27
Diluted Earnings Per Share	$0.42	$0.22	$249.1K
COMMON SHARES
Basic Shares Outstanding	2.737M	2.701M	2.682M
Diluted Shares Outstanding	2.889M	2.871M	2.887M

Balance Sheet

Concept	2023 Q3	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$700.0K	$781.0K	$944.0K
YoY Change	-46.15%	-17.27%	42.81%
Cash & Equivalents	$699.0K	$781.0K	$944.0K
Short-Term Investments
Other Short-Term Assets	$2.340M	$3.504M	$1.794M
YoY Change	-11.46%	95.32%	-24.14%
Inventory	$21.47M	$21.08M	$22.97M
Prepaid Expenses
Receivables	$15.96M	$28.99M	$25.54M
Other Receivables	$390.0K	$0.00	$5.209M
Total Short-Term Assets	$52.59M	$54.35M	$56.46M
YoY Change	-9.55%	-3.72%	22.27%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.135M	$13.74M	$14.56M
YoY Change	-4.99%	-5.67%	153.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$13.39M	$14.08M	$15.04M
YoY Change	-10.53%	-6.35%	-9.65%
TOTAL ASSETS
Total Short-Term Assets	$52.59M	$54.35M	$56.46M
Total Long-Term Assets	$13.39M	$14.08M	$15.04M
Total Assets	$65.99M	$68.43M	$71.49M
YoY Change	-9.75%	-4.27%	13.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$13.10M	$15.34M	$14.11M
YoY Change	-10.9%	8.75%	10.09%
Accrued Expenses	$5.810M	$4.991M	$9.735M
YoY Change	-23.64%	-48.73%	34.09%
Deferred Revenue	$3.861M	$3.321M
YoY Change	-0.23%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change			-100.0%
Long-Term Debt Due	$400.0K	$397.0K	$447.0K
YoY Change	2.56%	-11.19%	-85.34%
Total Short-Term Liabilities	$23.20M	$24.40M	$24.29M
YoY Change	-12.69%	0.45%	-22.72%
LONG-TERM LIABILITIES
Long-Term Debt	$4.870M	$7.382M	$12.09M
YoY Change	-53.46%	-38.96%	218.43%
Other Long-Term Liabilities	$95.00K	$7.164M	$8.203M
YoY Change	-4.04%	-12.67%	2393.31%
Total Long-Term Liabilities	$12.08M	$14.55M	$20.30M
YoY Change	-34.21%	-28.33%	45.32%
TOTAL LIABILITIES
Total Short-Term Liabilities	$23.20M	$24.40M	$24.29M
Total Long-Term Liabilities	$12.08M	$14.55M	$20.30M
Total Liabilities	$35.28M	$38.95M	$44.59M
YoY Change	-21.48%	-12.65%	-1.79%
SHAREHOLDERS EQUITY
Retained Earnings	$14.32M	$13.11M
YoY Change	17.29%
Common Stock	$27.00K	$27.00K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$30.71M	$29.49M	$26.90M
YoY Change
Total Liabilities & Shareholders Equity	$65.99M	$68.43M	$71.49M
YoY Change	-9.75%	-4.27%	13.82%

Cashflow Statement

Concept	2023 Q3	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	$1.207M	$634.0K	$719.0K
YoY Change	-21.32%	-11.82%	301.68%
Depreciation, Depletion And Amortization	$510.0K	$522.0K	$481.0K
YoY Change	7.82%	8.52%	-1.23%
Cash From Operating Activities	$1.900M	-$1.437M	-$3.431M
YoY Change	-35.37%	-58.12%	-24.31%
INVESTING ACTIVITIES
Capital Expenditures	$160.0K	$460.0K	-$694.0K
YoY Change	-131.56%	-166.28%	48.93%
Acquisitions
YoY Change
Other Investing Activities	$0.00		$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$160.0K	-$460.0K	-$694.0K
YoY Change	-68.44%	-33.72%	86.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-2.530M	1.217M	3.683M
YoY Change	66.89%	-66.96%	-28.95%
NET CHANGE
Cash From Operating Activities	1.900M	-1.437M	-3.431M
Cash From Investing Activities	-160.0K	-460.0K	-694.0K
Cash From Financing Activities	-2.530M	1.217M	3.683M
Net Change In Cash	-790.0K	-680.0K	-442.0K
YoY Change	-186.15%	53.85%	-258.42%
FREE CASH FLOW
Cash From Operating Activities	$1.900M	-$1.437M	-$3.431M
Capital Expenditures	$160.0K	$460.0K	-$694.0K
Free Cash Flow	$1.740M	-$1.897M	-$2.737M
YoY Change	-49.52%	-30.69%	-32.7%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Selling Expense SellingExpense	1793000	usd
	dei	Entity Central Index Key EntityCentralIndexKey	0000722313
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	nsys	Excess Cash Balances Number Of High Credit Quality Financial Institutions ExcessCashBalancesNumberOfHighCreditQualityFinancialInstitutions	2	pure
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5397000	usd
	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	15000	usd
	us-gaap	Operating Expenses OperatingExpenses	7854000	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	1194000	usd
	us-gaap	Interest Expense InterestExpense	235000	usd
	us-gaap	Interest Expense InterestExpense	215000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1917000	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	979000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	602000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	122000	usd
	us-gaap	Net Income Loss NetIncomeLoss	1315000	usd
	us-gaap	Net Income Loss NetIncomeLoss	857000	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.27
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.49
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.32
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2683131
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2705121
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	2681931
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.25
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.30
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2886755
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2887313
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2879216
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-281000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-244000	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-241000	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-239000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	353000	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	475000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1074000	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	618000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	781000	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1027000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1134000	usd
CY2022Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1454000	usd
CY2023Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	303000	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	334000	usd
CY2023Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	17404000	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	15975000	usd
CY2023Q2	nsys	Employee Retention Credit Receivable EmployeeRetentionCreditReceivable	0	usd
CY2022Q4	nsys	Employee Retention Credit Receivable EmployeeRetentionCreditReceivable	2650000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	21078000	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	22438000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Accumulated Allowance For Credit Loss Current ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent	22000	usd
CY2022Q4	us-gaap	Contract With Customer Asset Accumulated Allowance For Credit Loss Current ContractWithCustomerAssetAccumulatedAllowanceForCreditLossCurrent	0	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	11587000	usd
CY2022Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	9982000	usd
CY2023Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2370000	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1334000	usd
CY2023Q2	us-gaap	Assets Current AssetsCurrent	54354000	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	54860000	usd
CY2023Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6485000	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	6408000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7253000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7850000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	342000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	422000	usd
CY2023Q2	us-gaap	Assets Assets	68434000	usd
CY2022Q4	us-gaap	Assets Assets	69540000	usd
CY2023Q2	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	397000	usd
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	390000	usd
CY2023Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1056000	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1155000	usd
CY2023Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	15343000	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	14792000	usd
CY2023Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	3004000	usd
CY2022Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	4803000	usd
CY2023Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	347000	usd
CY2022Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	733000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	3321000	usd
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	3515000	usd
CY2023Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	931000	usd
CY2022Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	1010000	usd
CY2023Q2	us-gaap	Liabilities Current LiabilitiesCurrent	24399000	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	26398000	usd
CY2023Q2	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	7019000	usd
CY2022Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	6853000	usd
CY2023Q2	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	363000	usd
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	565000	usd
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	7069000	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	7549000	usd
CY2023Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	95000	usd
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	95000	usd
CY2023Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	14546000	usd
CY2022Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	15062000	usd
CY2023Q2	us-gaap	Liabilities Liabilities	38945000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	41460000	usd
CY2023Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2023Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000
CY2022Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	250000
CY2023Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	250000
CY2022Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	250000
CY2023Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	250000
CY2023Q2	us-gaap	Preferred Stock Value PreferredStockValue	250000	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	250000	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9000000
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	9000000
CY2023Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2737178
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2737178
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2690633
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2690633
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	27000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	27000	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	16712000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	16347000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-611000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-370000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	13111000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11826000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	29489000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	28080000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	68434000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	69540000	usd
	us-gaap	Net Income Loss NetIncomeLoss	1315000	usd
	us-gaap	Net Income Loss NetIncomeLoss	857000	usd
	us-gaap	Depreciation Depreciation	1027000	usd
	us-gaap	Depreciation Depreciation	967000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	192000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	141000	usd
	nsys	Change In Inventory Reserves ChangeInInventoryReserves	-53000	usd
	nsys	Change In Inventory Reserves ChangeInInventoryReserves	-103000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-147000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-46000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1580000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1986000	usd
	nsys	Increase Decrease Employee Retention Credit Receivable IncreaseDecreaseEmployeeRetentionCreditReceivable	-2650000	usd
	nsys	Increase Decrease Employee Retention Credit Receivable IncreaseDecreaseEmployeeRetentionCreditReceivable	-0	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1350000	usd
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3540000	usd
	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	1620000	usd
	us-gaap	Increase Decrease In Contract With Customer Asset IncreaseDecreaseInContractWithCustomerAsset	372000	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	1042000	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-89000	usd
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	364000	usd
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	63000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	586000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1346000	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-1788000	usd
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-84000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-195000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	48000	usd
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	-50000	usd
	us-gaap	Increase Decrease In Other Accrued Liabilities IncreaseDecreaseInOtherAccruedLiabilities	806000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	281000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1940000	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	usd
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	15000	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	-0	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	41000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	956000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1182000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-956000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1208000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	56046000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	65886000	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	58440000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	65726000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	189000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	329000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	173000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	33000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	144000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2098000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-35000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	0	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-566000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1050000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	2225000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1915000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1175000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	781000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	944000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1134000	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	231000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1915000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1175000	usd
	us-gaap	Interest Paid Net InterestPaidNet	248000	usd
	us-gaap	Interest Paid Net InterestPaidNet	198000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1036000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	20000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	49000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	52000	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	26335000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-244000	usd
CY2023Q2	us-gaap	Inventory Work In Process InventoryWorkInProcess	960000	usd
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	13000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	108000
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	452700
CY2022Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	5.97
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	29000
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	9.37
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	36044
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	4.12
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	43956
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	7.50
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	401700
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	6.21
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y6M7D
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	1510000	usd
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	244400
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	4.43
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P5Y4M28D
CY2023Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	1311000	usd
CY2023Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	152782
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	182192
CY2022Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	203625
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	197285
CY2023Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	300000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	1134000	usd
CY2023Q2	us-gaap	Inventory Raw Materials InventoryRawMaterials	20461000	usd
CY2023Q2	us-gaap	Inventory Finished Goods InventoryFinishedGoods	744000	usd
CY2023Q2	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1087000	usd
CY2023Q2	us-gaap	Inventory Net InventoryNet	21078000	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	501000	usd
CY2022	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	71000	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	150000	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	422000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	80000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	342000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Remaining Amortization Period1 FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1	P1Y4M24D
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	40000	usd
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><b><i>Revision and Immaterial Correction of an Error in Previously Issued Financial Statements</i></b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The Company identified an error related to the classification of the activity on our line of credit facility with Bank of America at December 31, 2022 as reported on Form 10-K. In our June 30, 2022 condensed consolidated financial statements, we incorrectly classified borrowings and payments on our line of credit facility on a net basis within the financing section of the condensed consolidated cash flow statement; this activity should be shown on a gross basis. This change in presentation to the condensed consolidated cash flow statement does not impact total operating, investing, or financing cash flows. There was no change to the condensed consolidated statement of income or condensed consolidated balance sheet. In accordance with ASC 250, Accounting Changes and Error Corrections, we evaluated the materiality of the errors from quantitative and qualitative perspectives and concluded that the errors were immaterial to the Company’s 2022 audited financial statements. Since these revisions were not material to any prior period financial statements, no amendments to previously filed financial statements are required. Consequently, the Company has corrected these immaterial errors by revising the June 30, 2022 consolidated financial statements presented herein.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The tables below present the effect of the financial statement adjustments related to the revision discussed above of the Company’s previously reported financial statements as of and for the period ended June 30, 2022:</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="margin-right: 5%; width: 95%; font-size: 10pt; font-family: "Times New Roman"; text-indent: 0px;"> <tbody><tr style="vertical-align: bottom;"> <td colspan="4" style="font-family: "Times New Roman"; font-size: 10pt;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Condensed Consolidated Statements of Cash Flows</b></p> </td> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman"; font-size: 10pt;"><b> </b></td> <td style="font-family: "Times New Roman"; font-size: 10pt;"><b> </b></td> <td style="font-family: "Times New Roman"; font-size: 10pt;"><b> </b></td> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman"; font-size: 10pt;"><b> </b></td> <td style="font-family: "Times New Roman"; font-size: 10pt;"><b> </b></td> <td style="font-family: "Times New Roman"; font-size: 10pt;"><b> </b></td> </tr> <tr style="vertical-align: bottom;"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="10" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">June 30, 2022</p> </td> <td style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman"; font-size: 10pt; width: 52%;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>CASH FLOWS FROM FINANCING ACTIVITIES</b></p> </td> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">As reported</p> </td> <td style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Adjustment</p> </td> <td style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman"; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">As revised</p> </td> <td style="font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt;">Net Proceeds from Line of Credit</p> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">2,394</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">(2,394</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt;">Proceeds from Line of Credit</p> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">58,440</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">58,440</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt;">Payments to Line of Credit</p> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">(56,046</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">(56,046</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt;">Principal Payments on Long-Term Debt</p> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt;">Principal Payments on Financing Leases</p> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">(329</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right;">(329</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 9pt;">Stock Option Exercises</p> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 1px solid rgb(0, 0, 0);">33</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 1px solid rgb(0, 0, 0);">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; text-align: right; border-bottom: 1px solid rgb(0, 0, 0);">33</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman"; font-size: 10pt;"> <p style="font-family: "Times New Roman"; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 18pt;">Net Cash Provided by Financing Activities</p> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">2,098</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">-</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; font-family: "Times New Roman"; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); text-align: right;">2,098</td> <td style="width: 1%; font-family: "Times New Roman"; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> </tr> </tbody></table> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
	us-gaap	Proceeds From Repayments Of Lines Of Credit ProceedsFromRepaymentsOfLinesOfCredit	0	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	58440000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	56046000	usd
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	-0	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	329000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	33000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2098000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1915000	usd
CY2023Q2	nsys	Percentage Of Revenue Transferred To Customers PercentageOfRevenueTransferredToCustomers	0.73	pure
CY2022Q2	nsys	Percentage Of Revenue Transferred To Customers PercentageOfRevenueTransferredToCustomers	0.74	pure
	nsys	Percentage Of Revenue Transferred To Customers PercentageOfRevenueTransferredToCustomers	0.74	pure
CY2022Q4	us-gaap	Contract With Customer Asset Gross ContractWithCustomerAssetGross	9982000	usd
	us-gaap	Contract With Customer Asset Reclassified To Receivable ContractWithCustomerAssetReclassifiedToReceivable	51392000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Accumulated Allowance For Credit Loss ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss	22000	usd
	nsys	Contract With Customer Asset Increase Decrease Product Transferred Over Time ContractWithCustomerAssetIncreaseDecreaseProductTransferredOverTime	-49765000	usd
CY2023Q2	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	11587000	usd
CY2023Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P180D
	nsys	Revenue Remaining Performance Obligation Customers Upon Shipment With Payment Terms RevenueRemainingPerformanceObligationCustomersUponShipmentWithPaymentTerms	P120D
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	35021000	usd
CY2022Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	32518000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	69909000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	63229000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	592000	usd
CY2022Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	578000	usd
CY2023Q2	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	11000	usd
CY2022Q2	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	17000	usd
CY2023Q2	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	182000	usd
CY2022Q2	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	183000	usd
CY2023Q2	us-gaap	Lease Cost LeaseCost	785000	usd
CY2022Q2	us-gaap	Lease Cost LeaseCost	778000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	1159000	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	1159000	usd
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	23000	usd
	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	36000	usd
	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	364000	usd
	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	365000	usd
	us-gaap	Lease Cost LeaseCost	1546000	usd
	us-gaap	Lease Cost LeaseCost	1560000	usd
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7253000	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7850000	usd
CY2023Q2	nsys	Finance And Operating Leases Right Of Use Asset FinanceAndOperatingLeasesRightOfUseAsset	8251000	usd
CY2022Q4	nsys	Finance And Operating Leases Right Of Use Asset FinanceAndOperatingLeasesRightOfUseAsset	9213000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	934000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	862000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	882000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Remainder Of Fiscal Year FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	216000	usd
CY2023Q2	nsys	Lessee Operating And Finance Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingAndFinanceLeaseLiabilityPaymentsRemainderOfFiscalYear	1098000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1514000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	379000	usd
CY2023Q2	nsys	Lessee Operating And Finance Lease Liability Payments Due Year One LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearOne	1893000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1265000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	103000	usd
CY2023Q2	nsys	Lessee Operating And Finance Lease Liability Payments Due Year Two LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearTwo	1368000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1227000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	107000	usd
CY2023Q2	nsys	Lessee Operating And Finance Lease Liability Payments Due Year Three LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearThree	1334000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	1256000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	0	usd
CY2023Q2	nsys	Lessee Operating And Finance Lease Liability Payments Due Year Four LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueYearFour	1256000	usd
CY2023Q2	nsys	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	5818000	usd
CY2023Q2	nsys	Finance Lease Liability To Be Paid After Year Four FinanceLeaseLiabilityToBePaidAfterYearFour	0	usd
CY2023Q2	nsys	Lessee Operating And Finance Lease Liability Payments Due After Year Four LesseeOperatingAndFinanceLeaseLiabilityPaymentsDueAfterYearFour	5818000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	11962000	usd
CY2023Q2	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	805000	usd
CY2023Q2	nsys	Lessee Operating And Finance Lease Liability Payments Due LesseeOperatingAndFinanceLeaseLiabilityPaymentsDue	12767000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	3837000	usd
CY2023Q2	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	45000	usd
CY2023Q2	nsys	Lessee Operating And Finance Lease Liability Undiscounted Excess Amount LesseeOperatingAndFinanceLeaseLiabilityUndiscountedExcessAmount	3882000	usd
CY2023Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	8125000	usd
CY2023Q2	us-gaap	Finance Lease Liability FinanceLeaseLiability	760000	usd
CY2023Q2	nsys	Operating And Finance Lease Liability OperatingAndFinanceLeaseLiability	8885000	usd
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P8Y9M18D
CY2023Q2	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P2Y2M12D
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.078	pure
CY2023Q2	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.052	pure
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.35	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.31	pure
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.21	pure
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.12	pure
CY2022Q4	nsys	Employee Retention Credit Receivable EmployeeRetentionCreditReceivable	2650000	usd

Files In Submission

Name	View Source	Status
0001437749-23-022704-index-headers.html	Edgar Link	pending
0001437749-23-022704-index.html	Edgar Link	pending
0001437749-23-022704.txt	Edgar Link	pending
0001437749-23-022704-xbrl.zip	Edgar Link	pending
ex_554281.htm	Edgar Link	pending
ex_554282.htm	Edgar Link	pending
ex_554283.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
nsys-20230630.xsd	Edgar Link	pending
nsys20230630_10q.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
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R4.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
nsys-20230630_def.xml	Edgar Link	unprocessable
nsys-20230630_pre.xml	Edgar Link	unprocessable
nsys20230630_10q_htm.xml	Edgar Link	completed
nsys-20230630_cal.xml	Edgar Link	unprocessable
nsys-20230630_lab.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$NSYS
NORTECH SYSTEMS INC Stock $nsys

2023 Q3 Form 10-Q Financial Statement

#000143774923022704 Filed on August 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NSYS NORTECH SYSTEMS INC Stock $nsys

2023 Q3 Form 10-Q Financial Statement

#000143774923022704 Filed on August 09, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NSYS
NORTECH SYSTEMS INC Stock $nsys