2024 Q2 Form 10-Q Financial Statement

#000141057824000717 Filed on May 10, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $12.27M $10.45M
YoY Change 15.25% -3.3%
Cost Of Revenue $9.210M $8.711M
YoY Change 1.3% -11.89%
Gross Profit $3.063M $1.735M
YoY Change 96.72% 89.62%
Gross Profit Margin 24.96% 16.61%
Selling, General & Admin $2.397M $2.018M
YoY Change -26.67% -28.59%
% of Gross Profit 78.26% 116.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $271.0K $271.0K
YoY Change 4.23% -11.44%
% of Gross Profit 8.85% 15.62%
Operating Expenses $2.397M $2.018M
YoY Change -26.67% -28.59%
Operating Profit $666.0K -$283.0K
YoY Change -138.9% -85.19%
Interest Expense -$98.00K -$83.00K
YoY Change -210.11% -256.6%
% of Operating Profit -14.71%
Other Income/Expense, Net -$98.00K -$83.00K
YoY Change 10.11% 56.6%
Pretax Income $568.0K -$366.0K
YoY Change -131.54% -81.36%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $556.0K -$383.0K
YoY Change -105.85% -75.24%
Net Earnings / Revenue 4.53% -3.67%
Basic Earnings Per Share $0.23 -$0.16
Diluted Earnings Per Share $0.22 -$0.16
COMMON SHARES
Basic Shares Outstanding 2.549M 2.543M
Diluted Shares Outstanding 2.546M 2.519M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.0K $136.0K
YoY Change -83.38% -79.73%
Cash & Equivalents $119.0K $136.0K
Short-Term Investments
Other Short-Term Assets $2.575M $3.550M
YoY Change 158.53% 119.27%
Inventory $15.83M $14.93M
Prepaid Expenses
Receivables $10.71M $10.47M
Other Receivables $0.00 $0.00
Total Short-Term Assets $29.23M $29.09M
YoY Change -9.91% -13.64%
LONG-TERM ASSETS
Property, Plant & Equipment $7.082M $6.859M
YoY Change -2.21% -36.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $42.00K $42.00K
YoY Change -75.58% -86.5%
Total Long-Term Assets $7.124M $6.901M
YoY Change -3.91% -43.29%
TOTAL ASSETS
Total Short-Term Assets $29.23M $29.09M
Total Long-Term Assets $7.124M $6.901M
Total Assets $36.35M $35.99M
YoY Change -8.79% -21.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.432M $2.138M
YoY Change -16.25% -47.66%
Accrued Expenses $3.265M $3.331M
YoY Change 46.61% 6.73%
Deferred Revenue
YoY Change
Short-Term Debt $1.473M $2.009M
YoY Change -60.16%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.291M $7.607M
YoY Change -37.57% -7.59%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $4.202M $4.189M
YoY Change 4.63% 4.78%
Total Long-Term Liabilities $4.202M $4.189M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.291M $7.607M
Total Long-Term Liabilities $4.202M $4.189M
Total Liabilities $11.49M $11.80M
YoY Change -1.58% 43.29%
SHAREHOLDERS EQUITY
Retained Earnings $13.13M $12.57M
YoY Change 3.41% -43.36%
Common Stock $15.29M $15.19M
YoY Change 1.16% 0.6%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.147M $1.138M
YoY Change -2.13% -4.37%
Treasury Stock Shares
Shareholders Equity $24.86M $24.19M
YoY Change
Total Liabilities & Shareholders Equity $36.35M $35.99M
YoY Change -8.79% -21.51%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $556.0K -$383.0K
YoY Change -105.85% -75.24%
Depreciation, Depletion And Amortization $271.0K $271.0K
YoY Change 4.23% -11.44%
Cash From Operating Activities $1.035M $287.0K
YoY Change -136.0% -110.13%
INVESTING ACTIVITIES
Capital Expenditures $495.0K $152.0K
YoY Change -1555.88% -65.22%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$495.0K -$152.0K
YoY Change -1555.88% -65.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -557.0K -94.00K
YoY Change -120.2% -121.46%
NET CHANGE
Cash From Operating Activities 1.035M 287.0K
Cash From Investing Activities -495.0K -152.0K
Cash From Financing Activities -557.0K -94.00K
Net Change In Cash -17.00K -246.0K
YoY Change -79.52% -91.32%
FREE CASH FLOW
Cash From Operating Activities $1.035M $287.0K
Capital Expenditures $495.0K $152.0K
Free Cash Flow $540.0K $135.0K
YoY Change -119.01% -104.13%

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CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-383000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1547000
CY2024Q1 svt Amount Before Tax And Reclassification Adjustments Of Gain Loss On Actuarial Losses
AmountBeforeTaxAndReclassificationAdjustmentsOfGainLossOnActuarialLosses
-19000
CY2023Q1 svt Amount Before Tax And Reclassification Adjustments Of Gain Loss On Actuarial Losses
AmountBeforeTaxAndReclassificationAdjustmentsOfGainLossOnActuarialLosses
-16000
CY2023Q1 svt Income Tax Benefit On Actuarial Losses
IncomeTaxBenefitOnActuarialLosses
3000
CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-19000
CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-13000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-364000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1534000
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-366000
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-827000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
271000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
248000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
63000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
41000
CY2024Q1 svt Decrease Increase In Allowance For Credit Losses
DecreaseIncreaseInAllowanceForCreditLosses
-3000
CY2023Q1 svt Decrease Increase In Allowance For Credit Losses
DecreaseIncreaseInAllowanceForCreditLosses
13000
CY2024Q1 svt Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
-38000
CY2023Q1 svt Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
9000
CY2024Q1 svt Increase Decrease In Warranty Reserve
IncreaseDecreaseInWarrantyReserve
-59000
CY2023Q1 svt Increase Decrease In Warranty Reserve
IncreaseDecreaseInWarrantyReserve
13000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1589000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1175000
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-720000
CY2023Q1 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
-153000
CY2024Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-17000
CY2023Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-567000
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-383000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1547000
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.15
CY2024Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.15
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.40
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.40
CY2024Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.01
CY2024Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.01
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.23
CY2023Q1 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
-0.23
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.16
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.63
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.63
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-383000
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-1547000
CY2024Q1 svt Amount Before Tax And Reclassification Adjustments Of Gain Loss On Actuarial Losses
AmountBeforeTaxAndReclassificationAdjustmentsOfGainLossOnActuarialLosses
-19000
CY2023Q1 svt Amount Before Tax And Reclassification Adjustments Of Gain Loss On Actuarial Losses
AmountBeforeTaxAndReclassificationAdjustmentsOfGainLossOnActuarialLosses
-16000
CY2023Q1 svt Income Tax Benefit On Actuarial Losses
IncomeTaxBenefitOnActuarialLosses
3000
CY2024Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-19000
CY2023Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-13000
CY2024Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-364000
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1534000
CY2024Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-366000
CY2023Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-827000
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
271000
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
248000
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
63000
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
41000
CY2024Q1 svt Decrease Increase In Allowance For Credit Losses
DecreaseIncreaseInAllowanceForCreditLosses
-3000
CY2023Q1 svt Decrease Increase In Allowance For Credit Losses
DecreaseIncreaseInAllowanceForCreditLosses
13000
CY2024Q1 svt Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
-38000
CY2023Q1 svt Increase Decrease In Inventory Reserve
IncreaseDecreaseInInventoryReserve
9000
CY2024Q1 svt Increase Decrease In Warranty Reserve
IncreaseDecreaseInWarrantyReserve
-59000
CY2023Q1 svt Increase Decrease In Warranty Reserve
IncreaseDecreaseInWarrantyReserve
13000
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2000
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1589000
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1175000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
769000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
885000
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
412000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1069000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
77000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
953000
CY2024Q1 svt Increase Decrease Accrued Employee Compensation And Benefit Costs
IncreaseDecreaseAccruedEmployeeCompensationAndBenefitCosts
-164000
CY2024Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
769000
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
885000
CY2024Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
412000
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1069000
CY2024Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
77000
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
953000
CY2024Q1 svt Increase Decrease Accrued Employee Compensation And Benefit Costs
IncreaseDecreaseAccruedEmployeeCompensationAndBenefitCosts
-164000
CY2023Q1 svt Increase Decrease Accrued Employee Compensation And Benefit Costs
IncreaseDecreaseAccruedEmployeeCompensationAndBenefitCosts
196000
CY2024Q1 us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
24000
CY2023Q1 us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
39000
CY2024Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
118000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
413000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2417000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
152000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
299000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-152000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-299000
CY2024Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-94000
CY2023Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
939000
CY2023Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
501000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-94000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
438000
CY2024Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-126000
CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-363000
CY2024Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-126000
CY2023Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-363000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
41000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2641000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3812000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
286000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1171000
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
286000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245000
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000
CY2023Q1 svt Increase Decrease Accrued Employee Compensation And Benefit Costs
IncreaseDecreaseAccruedEmployeeCompensationAndBenefitCosts
196000
CY2024Q1 us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
24000
CY2023Q1 us-gaap Increase Decrease In Postretirement Obligations
IncreaseDecreaseInPostretirementObligations
39000
CY2024Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
118000
CY2023Q1 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
69000
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
413000
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2417000
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
152000
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
299000
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-152000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-299000
CY2024Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-94000
CY2023Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
939000
CY2023Q1 us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
501000
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-94000
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
438000
CY2024Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-126000
CY2023Q1 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-363000
CY2024Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-126000
CY2023Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-363000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
41000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2641000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
245000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3812000
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
286000
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1171000
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
95000
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
136000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
150000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
121000
CY2024Q1 svt Warranty Reserve
WarrantyReserve
483000
CY2023Q4 svt Warranty Reserve
WarrantyReserve
542000
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
10446000
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
9060000
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
625000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
587000
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
124000
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
121000
CY2024Q1 svt Weighted Average Warranty Period
WeightedAverageWarrantyPeriod
P27M
CY2024Q1 svt Warranty Reserve
WarrantyReserve
483000
CY2023Q4 svt Warranty Reserve
WarrantyReserve
542000
CY2024Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
10446000
CY2023Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
9060000
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
625000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
587000
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2024Q1 us-gaap Interest Paid
InterestPaid
45000
CY2023Q1 us-gaap Interest Paid
InterestPaid
5000
CY2024Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2024Q1 us-gaap Reclassifications
Reclassifications
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Certain balances as previously reported were reclassified to classifications adopted in the current period.</p>
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0
CY2024Q1 us-gaap Interest Paid
InterestPaid
45000
CY2023Q1 us-gaap Interest Paid
InterestPaid
5000
CY2024Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Use of Estimates</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The preparation of the consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2024Q1 us-gaap Reclassifications
Reclassifications
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Reclassifications</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Certain balances as previously reported were reclassified to classifications adopted in the current period.</p>
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentration of Credit Risks</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to concentration of credit risks principally consist of cash accounts in financial institutions. Although the accounts exceed the federally insured deposit amount, management assesses the risk of nonperformance by the financial institutions to be low.</p>
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
7416000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6466000
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
491000
CY2024Q1 us-gaap Inventory Gross
InventoryGross
15554000
CY2023Q4 us-gaap Inventory Gross
InventoryGross
14785000
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
625000
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
587000
CY2024Q1 us-gaap Inventory Net
InventoryNet
14929000
CY2023Q4 us-gaap Inventory Net
InventoryNet
14198000
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Concentration of Credit Risks</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to concentration of credit risks principally consist of cash accounts in financial institutions. Although the accounts exceed the federally insured deposit amount, management assesses the risk of nonperformance by the financial institutions to be low.</p>
CY2024Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
7760000
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
7828000
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
7416000
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6466000
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