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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Disaggregation of revenue

Net sales by type

 

2023

 

 

Change

 

 

2022

 

(in thousands)

 

 

 

 

 

 

 

 

 

Equipment Sales

 

$16,343

 

 

 

18.4%

 

$13,803

 

Adapter Sales

 

 

8,154

 

 

 

11.2%

 

 

7,336

 

Software and Maintenance Sales   *

 

 

3,567

 

 

 

15.9%

 

 

3,078

 

Total

 

$28,064

 

 

 

15.9%

 

$24,217

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*  includes an insignificant amount of service and parts sales

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of consolidated accounts receivable

Percentage of Consolidated Accounts Receivable

 

2023

 

 

2022

 

 

 

 

 

 

 

 

Number of customers

 

 

3

 

 

 

3

 

 

 

 

 

 

 

 

 

 

Approximate percentage of consolidated accounts receivable balance

 

 

47%

 

 

39%

 

 

 

 

 

 

 

 

 

Percentage of each

 

 

18%

 

 

15%

Percentage of each

 

 

16%

 

 

13%

Percentage of each

 

 

13%

 

 

11%
Schedule of Diversification of net sales

Percentage of Net Sales

 

2023

 

 

2022

 

 

 

 

 

 

Number of customers

 

 

2

 

 

 

1

 

 

 

 

 

 

 

 

 

 

Approximate percentage of net sales

 

 

24%

 

 

23%

 

 

 

 

 

 

 

 

 

Percentage of each

 

 

13%

 

 

23%

Percentage of each

 

 

11%

 

 

n/a