Broadwind (BWEN) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 09, 2023
Document Information [Line Items]
Entity Central Index Key	0001120370
Entity Registrant Name	BROADWIND, INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-34278
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-0409160
Entity Address, Address Line One	3240 S. Central Avenue
Entity Address, City or Town	Cicero
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60804
City Area Code	708
Local Phone Number	780-4800
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	BWEN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		21,304,988

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash	$ 2,095	$ 12,732
Accounts receivable, net	28,796	17,018
AMP credit receivable	6,729	0
Contract assets	2,228	1,955
Inventories, net	48,555	44,262
Prepaid expenses and other current assets	3,143	3,291
Total current assets	91,546	79,258
LONG-TERM ASSETS:
Property and equipment, net	46,787	45,319
Operating lease right-of-use assets, net	15,488	16,396
Intangible assets, net	2,395	2,728
Other assets	749	839
TOTAL ASSETS	156,965	144,540
CURRENT LIABILITIES:
Line of credit and current portion of long-term debt	13,110	1,170
Current portion of finance lease obligations	1,590	2,008
Current portion of operating lease obligations	1,737	1,882
Accounts payable	28,419	26,255
Accrued liabilities	5,680	4,313
Customer deposits	30,360	34,550
Total current liabilities	80,896	70,178
LONG-TERM LIABILITIES:
Long-term debt, net of current maturities	7,203	7,141
Long-term finance lease obligations, net of current portion	3,531	4,226
Long-term operating lease obligations, net of current portion	15,917	16,696
Other	20	26
Total long-term liabilities	26,671	28,089
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.001 par value; 30,000,000 shares authorized; 21,578,925 and 21,127,130 shares issued as of June 30, 2023, and December 31, 2022, respectively	22	21
Treasury stock, at cost, 273,937 shares as of June 30, 2023 and December 31, 2022	(1,842)	(1,842)
Additional paid-in capital	398,180	397,240
Accumulated deficit	(346,962)	(349,146)
Total stockholders’ equity	49,398	46,273
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 156,965	$ 144,540

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	21,578,925	21,127,130
Treasury stock, common shares (in shares)	273,937	273,937

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues	$ 50,843	$ 50,012	$ 99,716	$ 91,856
Cost of sales	42,510	47,618	84,407	87,450
Gross profit	8,333	2,394	15,309	4,406
OPERATING EXPENSES:
Selling, general and administrative	5,952	4,122	11,478	8,024
Intangible amortization	165	184	333	367
Total operating expenses	6,117	4,306	11,811	8,391
Operating income (loss)	2,216	(1,912)	3,498	(3,985)
OTHER EXPENSE, net:
Interest expense, net	(751)	(776)	(1,239)	(1,121)
Other, net	(22)	0	(24)	21
Total other expense, net	(773)	(776)	(1,263)	(1,100)
Net income (loss) before provision for income taxes	1,443	(2,688)	2,235	(5,085)
Provision for income taxes	28	15	51	22
NET INCOME (LOSS)	$ 1,415	$ (2,703)	$ 2,184	$ (5,107)
NET INCOME (LOSS) PER COMMON SHARE—BASIC:
Net income (loss) (in dollars per share)	$ 0.07	$ (0.13)	$ 0.10	$ (0.26)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares)	21,091,496	20,244,176	20,980,880	19,977,477
NET INCOME (LOSS) PER COMMON SHARE—DILUTED:
Net income (loss) (in dollars per share)	$ 0.07	$ (0.13)	$ 0.10	$ (0.26)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares)	21,408,527	20,244,176	21,390,231	19,977,477

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
BALANCE (in shares) at Dec. 31, 2021	19,859,650	(273,937)
BALANCE at Dec. 31, 2021	$ 20	$ (1,842)	$ 395,372	$ (339,416)	$ 54,134
Stock issued for restricted stock (in shares)	480,595	0
Stock issued for restricted stock	$ 0	$ 0	0	0	0
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	146,790	0
Stock issued under defined contribution 401(k) retirement savings plan	$ 0	$ 0	282	0	282
Share-based compensation	$ 0	$ 0	192	0	192
Shares withheld for taxes in connection with issuance of restricted stock (in shares)	(194,962)	0
Shares withheld for taxes in connection with issuance of restricted stock	$ 0	$ 0	(411)	0	(411)
Net income (loss)	$ 0	$ 0	0	(2,404)	(2,404)
BALANCE (in shares) at Mar. 31, 2022	20,292,073	(273,937)
BALANCE at Mar. 31, 2022	$ 20	$ (1,842)	395,435	(341,820)	51,793
BALANCE (in shares) at Dec. 31, 2021	19,859,650	(273,937)
BALANCE at Dec. 31, 2021	$ 20	$ (1,842)	395,372	(339,416)	54,134
Net income (loss)					(5,107)
BALANCE (in shares) at Jun. 30, 2022	20,744,988	(273,937)
BALANCE at Jun. 30, 2022	$ 20	$ (1,842)	396,021	(344,523)	49,676
BALANCE (in shares) at Mar. 31, 2022	20,292,073	(273,937)
BALANCE at Mar. 31, 2022	$ 20	$ (1,842)	395,435	(341,820)	51,793
Stock issued for restricted stock (in shares)	328,139	0
Stock issued for restricted stock	$ 0	$ 0	0	0	0
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	207,722	0
Stock issued under defined contribution 401(k) retirement savings plan	$ 0	$ 0	331	0	331
Share-based compensation	$ 0	$ 0	388	0	388
Shares withheld for taxes in connection with issuance of restricted stock (in shares)	(82,946)	0
Shares withheld for taxes in connection with issuance of restricted stock	$ 0	$ 0	(133)	0	(133)
Net income (loss)	$ 0	$ 0	0	(2,703)	(2,703)
BALANCE (in shares) at Jun. 30, 2022	20,744,988	(273,937)
BALANCE at Jun. 30, 2022	$ 20	$ (1,842)	396,021	(344,523)	49,676
BALANCE (in shares) at Dec. 31, 2022	21,127,130	(273,937)
BALANCE at Dec. 31, 2022	$ 21	$ (1,842)	397,240	(349,146)	46,273
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	64,807	0
Stock issued under defined contribution 401(k) retirement savings plan	$ 0	$ 0	302	0	302
Share-based compensation	0	0	178	0	178
Net income (loss)	$ 0	$ 0	0	769	769
BALANCE (in shares) at Mar. 31, 2023	21,191,937	(273,937)
BALANCE at Mar. 31, 2023	$ 21	$ (1,842)	397,720	(348,377)	47,522
BALANCE (in shares) at Dec. 31, 2022	21,127,130	(273,937)
BALANCE at Dec. 31, 2022	$ 21	$ (1,842)	397,240	(349,146)	$ 46,273
Shares withheld for taxes in connection with issuance of restricted stock (in shares)					(92,984)
Net income (loss)					$ 2,184
BALANCE (in shares) at Jun. 30, 2023	21,578,925	(273,937)
BALANCE at Jun. 30, 2023	$ 22	$ (1,842)	398,180	(346,962)	49,398
BALANCE (in shares) at Mar. 31, 2023	21,191,937	(273,937)
BALANCE at Mar. 31, 2023	$ 21	$ (1,842)	397,720	(348,377)	47,522
Stock issued for restricted stock (in shares)	408,436	0
Stock issued for restricted stock	$ 1	$ 0	0	0	1
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	71,536	0
Stock issued under defined contribution 401(k) retirement savings plan	$ 0	$ 0	346	0	346
Share-based compensation	$ 0	$ 0	231	0	231
Shares withheld for taxes in connection with issuance of restricted stock (in shares)	(92,984)	0
Shares withheld for taxes in connection with issuance of restricted stock	$ 0	$ 0	(117)	0	(117)
Net income (loss)	$ 0	$ 0	0	1,415	1,415
BALANCE (in shares) at Jun. 30, 2023	21,578,925	(273,937)
BALANCE at Jun. 30, 2023	$ 22	$ (1,842)	$ 398,180	$ (346,962)	$ 49,398

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 2,184	$ (5,107)
Adjustments to reconcile net cash used in operating activities:
Depreciation and amortization expense	3,167	3,095
Deferred income taxes	(5)	(9)
Change in fair value of interest rate swap agreements	0	2
Share-based compensation	409	580
Allowance for doubtful accounts	16	30
Common stock issued under defined contribution 401(k) plan	648	613
Loss on disposal of assets	48	3
Changes in operating assets and liabilities:
Accounts receivable	(11,794)	(7,389)
AMP credit receivable	(6,729)	0
Employee retention credit receivable	0	497
Contract assets	(273)	(2,194)
Inventories	(4,293)	(1,552)
Prepaid expenses and other current assets	147	596
Accounts payable	1,776	9,698
Accrued liabilities	1,367	656
Customer deposits	(4,190)	(7,789)
Other non-current assets and liabilities	75	6
Net cash used in operating activities	(17,447)	(8,264)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(3,977)	(1,697)
Proceeds from disposals of property and equipment	15	0
Net cash used in investing activities	(3,962)	(1,697)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit, net	11,991	10,687
Proceeds from long-term debt	618	125
Payments on long-term debt	(607)	(107)
Principal payments on finance leases	(1,113)	(1,003)
Shares withheld for taxes in connection with issuance of restricted stock	(117)	(544)
Net cash provided by financing activities	10,772	9,158
NET DECREASE IN CASH	(10,637)	(803)
CASH beginning of the period	12,732	852
CASH end of the period	$ 2,095	$ 49

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	NOTE 1 The unaudited condensed consolidated financial statements presented herein include the accounts of Broadwind, Inc. (the “Company”) and its wholly-owned subsidiaries Broadwind Heavy Fabrications, Inc. (“Broadwind Heavy Fabrications”), Brad Foote Gear Works, Inc. (“Brad Foote”) and Broadwind Industrial Solutions, LLC (“Broadwind Industrial Solutions”). All intercompany transactions and balances have been eliminated. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10 10 X. not Operating results for the three six June 30, 2023 not may twelve December 31, 2023, may 10 December 31, 2022 The December 31, 2022 not 10 December 31, 2022 There have been no six June 30, 2023 10 December 31, 2022 Company Description Through its subsidiaries, the Company is a precision manufacturer of structures, equipment and components for clean technology and other specialized applications. The Company provides technologically advanced high value products to customers with complex systems and stringent quality standards that operate in energy, mining and infrastructure sectors, primarily in the United States of America (the “U.S.”). The Company’s capabilities include, but are not first six 2023 2022, Liquidity The Company typically meets its short term liquidity needs through cash generated from operations, its available cash balances, the 2022 3 See Note 8, 2022 Debt and finance lease obligations at June 30, 2023 2022 June 30, 2023. On August 18, 2020, 3, October 13, 2020 ( 3” October 12, 2023. one On September 12, 2022, may 3 424 September 12, 2022. December 31, 2022, No six June 30, 2023. June 30, 2023, The Company also utilizes supply chain financing arrangements as a component of its funding for working capital, which accelerates receivable collections and helps to better manage cash flow. Under these agreements, the Company has agreed to sell certain of its accounts receivable balances to banking institutions who have agreed to advance amounts equal to the net accounts receivable balances due, less a discount as set forth in the respective agreements. The balances under these agreements are accounted for as sales of accounts receivable, as they are sold without recourse. Cash proceeds from these agreements are reflected as operating activities included in the change in accounts receivable in the Company's consolidated statements of cash flows. Fees incurred in connection with the agreements are recorded as interest expense by the Company. During the three six June 30, 2023, three six June 30, 2022, The Company anticipates that current cash resources, amounts available under the 2022 3 twelve ​ If assumptions regarding the Company’s production, sales and subsequent collections from certain of the Company’s large customers, as well as receipt of customer deposits and revenues generated from new customer orders, are materially inconsistent with management’s expectations, the Company may may 2022 may no Reclassifications Certain prior year amounts have been reclassified to conform to current year presentation in the condensed consolidated financial statements and the notes to the condensed consolidated financial statements. Management’s Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reported period. Significant estimates, among others, include revenue recognition, future cash flows, inventory reserves, warranty reserves, impairment of long-lived assets, allowance for doubtful accounts, health insurance reserves, and valuation allowances on deferred taxes. Although these estimates are based upon management’s best knowledge of current events and actions that the Company may

Note 2 - Revenues

Note 2 - Revenues	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 2 Revenues are recognized when the promised goods or services are transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The following table presents the Company’s revenues disaggregated by revenue source for the three six June 30, 2023 2022 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Heavy Fabrications $ 33,944 $ 35,575 $ 65,537 $ 62,847 Gearing 10,977 10,115 22,943 20,700 Industrial Solutions 6,270 5,049 11,692 9,121 Eliminations (348 ) (727 ) (456 ) (812 ) Consolidated $ 50,843 $ 50,012 $ 99,716 $ 91,856 Revenue within the Company’s Gearing and Industrial Solutions segments, as well as industrial fabrication product line revenues within the Heavy Fabrications segment, are generally recognized at a point in time, typically when the promised goods or services are physically transferred to its customers in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. A performance obligation is a promise in a contract to transfer a distinct product or service to the customer. The Company measures revenue based on the consideration specified in the purchase order and revenue is recognized when the performance obligations are satisfied. If applicable, the transaction price of a contract is allocated to each distinct performance obligation and recognized as revenue when or as the customer receives the benefit of the performance obligation. For many tower sales within the Company’s Heavy Fabrications segment, products are sold under terms included in bill and hold sales arrangements that result in different timing for revenue recognition. The Company recognizes revenue under these arrangements only when there is a substantive reason for the agreement, the ordered goods are identified separately as belonging to the customer and not not During the six June 30, 2023 2022, no three six June 30, 2023, three six June 30, 2022, not not The Company generally expenses sales commissions when incurred. These costs are recorded within selling, general and administrative expenses. Customer deposits, deferred revenue and other receipts are deferred and recognized when the revenue is realized and earned. Cash payments to customers are classified as reductions of revenue in the Company’s statement of operations. The Company does not one

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 3 The following table presents a reconciliation of basic and diluted earnings per share for the three six June 30, 2023 2022 Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Basic earnings per share calculation: Net income (loss) $ 1,415 $ (2,703 ) $ 2,184 $ (5,107 ) Weighted average number of common shares outstanding 21,091,496 20,244,176 20,980,880 19,977,477 Basic net income (loss) per share $ 0.07 $ (0.13 ) $ 0.10 $ (0.26 ) Diluted earnings per share calculation: Net income (loss) $ 1,415 $ (2,703 ) $ 2,184 $ (5,107 ) Weighted average number of common shares outstanding 21,091,496 20,244,176 20,980,880 19,977,477 Common stock equivalents: Non-vested stock awards (1) 317,031 — 409,351 — Weighted average number of common shares outstanding 21,408,527 20,244,176 21,390,231 19,977,477 Diluted net income (loss) per share $ 0.07 $ (0.13 ) $ 0.10 $ (0.26 ) ( 1 June 30, 2022, three six June 30, 2022.

Note 4 - Inventories

Note 4 - Inventories	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 4 The components of inventories as of June 30, 2023 December 31, 2022 June 30, December 31, 2023 2022 Raw materials $ 30,459 $ 27,644 Work-in-process 15,082 13,843 Finished goods 5,250 4,916 50,791 46,403 Less: Reserve for excess and obsolete inventory (2,236 ) (2,141 ) Net inventories $ 48,555 $ 44,262

Note 5 - AMP Credits

Note 5 - AMP Credits	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Advanced Manufacturing Production Tax Credits [Text Block]	NOTE 5 During the three six June 30, 2023, August 16, 2022. 2023 2032. third three six June 30, 2023. June 30, 2023.

Note 6 - Intangible Assets

Note 6 - Intangible Assets	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	NOTE 6 Intangible assets represent the fair value assigned to definite-lived assets such as trade names and customer relationships as part of the Company’s acquisition of Brad Foote completed in 2007 2017. As of June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 Remaining Remaining Weighted Weighted Accumulated Net Average Accumulated Net Average Cost Accumulated Impairment Book Amortization Accumulated Impairment Book Amortization Basis Amortization Charges Value Period Cost Amortization Charges Value Period Intangible assets: Noncompete agreements $ 170 $ (170 ) $ — $ — — $ 170 $ (167 ) $ — $ 3 0.1 Customer relationships 15,979 (7,711 ) (7,592 ) 676 2.6 15,979 (7,581 ) (7,592 ) 806 3.1 Trade names 9,099 (7,380 ) — 1,719 4.3 9,099 (7,180 ) — 1,919 4.8 Intangible assets $ 25,248 $ (15,261 ) $ (7,592 ) $ 2,395 3.8 $ 25,248 $ (14,928 ) $ (7,592 ) $ 2,728 4.3 ​ As of June 30, 2023 2023 $ 331 2024 661 2025 661 2026 422 2027 320 Total $ 2,395 ​ ​

Note 7 - Accrued Liabilities

Note 7 - Accrued Liabilities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 7 Accrued liabilities as of June 30, 2023 December 31, 2022 June 30, December 31, 2023 2022 Accrued payroll and benefits $ 4,011 $ 3,110 Accrued property taxes 419 17 Income taxes payable 66 26 Accrued professional fees 417 118 Accrued warranty liability 181 149 Self-insured workers compensation reserve 27 30 Long term incentive plan accrual — 619 Accrued other 559 244 Total accrued liabilities $ 5,680 $ 4,313

Note 8 - Debt and Credit Agreem

Note 8 - Debt and Credit Agreements	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 The Company’s outstanding debt balances as of June 30, 2023 December 31, 2022 June 30, December 31, 2023 2022 Line of credit $ 11,991 $ — Other notes payable 1,647 1,094 Long-term debt 6,675 7,217 Less: Current portion (13,110 ) (1,170 ) Long-term debt, net of current maturities $ 7,203 $ 7,141 Credit Facility On August 4, 2022, “2022 may “2022 2022 2022 June 30, 2023 December 31, 2022. On February 8, 2023, No. 1 fourth 2022 December 31, 2022, 2022 twelve January 31, 2024 June 30, 2024 twelve twelve March 31, 2023, June 30, 2023, September 30, 2023, December 31, 2023. The 2022 August 4, 2027. August 4, 2027, 84 As of June 30, 2023 2022 June 30, 2023, 2022 June 30, 2023, December 31, 2022, Other In addition, the Company has outstanding notes payable for capital expenditures in the amount of $1,647 and $1,094 as of June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 September 2028.

Note 9 - Leases

Note 9 - Leases	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Lessee Operating and Finance Leases [Text Block]	NOTE 9 The Company leases certain facilities and equipment. The leases are accounted for under Accounting Standard Update 2016 02, 842” The Company has elected to apply the short-term lease exception to all leases of one six June 30, 2023 2022, not six June 30, 2023 2022, Some of the Company’s facility leases include options to renew. The exercise of the renewal options is typically at the Company’s discretion. The Company regularly evaluates the renewal options and includes them in the lease term when the Company is reasonably certain to exercise them. Quantitative information regarding the Company’s leases is as follows: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 369 $ 288 $ 739 $ 576 Interest on finance lease liabilities 86 96 184 176 Total finance lease costs 455 384 923 752 Operating lease cost components: Operating lease cost 689 705 1,393 1,403 Short-term lease cost 78 144 167 296 Variable lease cost (1) 178 226 523 452 Sublease income (49 ) (31 ) (97 ) (79 ) Total operating lease costs 896 1,044 1,986 2,072 Total lease cost $ 1,351 $ 1,428 $ 2,909 $ 2,824 Supplemental cash flow information related to our operating leases is as follows for the six months ended June 30, 2023 and 2022: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 1,727 $ 1,736 Weighted-average remaining lease term-finance leases at end of period (in years) 3.1 2.7 Weighted-average remaining lease term-operating leases at end of period (in years) 7.7 8.5 Weighted-average discount rate-finance leases at end of period 5.1 % 6.0 % Weighted-average discount rate-operating leases at end of period 8.8 % 8.7 % ( 1 Variable lease costs consist primarily of taxes, insurance, utilities, and common area or other maintenance costs for the Company’s leased facilities and equipment. ​ As of June 30, 2023 ​ Finance Operating Leases Leases Total 2023 $ 1,066 $ 1,725 $ 2,791 2024 1,392 2,998 4,390 2025 986 3,064 4,050 2026 774 3,059 3,833 2027 671 3,098 3,769 2028 and thereafter 1,023 10,951 11,974 Total lease payments 5,912 24,895 30,807 Less—portion representing interest (791 ) (7,241 ) (8,032 ) Present value of lease obligations 5,121 17,654 22,775 Less—current portion of lease obligations (1,590 ) (1,737 ) (3,327 ) Long-term portion of lease obligations $ 3,531 $ 15,917 $ 19,448 ​

Note 10 - Fair Value Measuremen

Note 10 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 10 Fair Value of Financial Instruments The carrying amounts of the Company’s financial instruments, which include cash, accounts receivable, accounts payable and customer deposits, approximate their respective fair values due to the relatively short-term nature of these instruments. Based upon interest rates currently available to the Company for debt with similar terms, the carrying value of the Company’s long-term debt is approximately equal to its fair value. The Company is required to provide disclosure and categorize assets and liabilities measured at fair value into one three 1 3 Level 1 Level 2 not Level 3

Note 11 - Income Taxes

Note 11 - Income Taxes	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 11 Effective tax rates differ from federal statutory income tax rates primarily due to changes in the Company’s valuation allowance, permanent differences and provisions for state and local income taxes. As of June 30, 2023 six June 30, 2023 six June 30, 2022 August 16, 2022, 2023 2032. no six June 30, 2023 not The Company files income tax returns in U.S. federal and state jurisdictions. As of June 30, 2023 1996 December 31, 2022 2026. 2028 2037. January 1, 2018 not Since the Company has no not twelve 382 1986, may may 382 382 2010, may In February 2013, 2016, 2019 2022 three 382 The Rights Plan is intended to act as a deterrent to any person or group, together with its affiliates and associates, becoming the beneficial owner of 4.9% or more of the Company’s common stock and thereby triggering a further limitation of the Company’s available NOL carryforwards. In connection with the adoption of the Rights Plan, the Board declared a non-taxable dividend of one preferred share purchase right (a “Right”) for each outstanding share of the Company’s common stock to the Company’s stockholders of record as of the close of business on February 22, 2013. one one February 12, 2013 not As of June 30, 2023 June 30, 2023

Note 12 - Share-based Compensat

Note 12 - Share-based Compensation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 12 ​ There was no six June 30, 2023 June 30, 2023 The following table summarizes the Company’s restricted stock unit and performance award activity during the six June 30, 2023 Weighted Average Number of Grant-Date Fair Value Shares Per Share Unvested as of December 31, 2022 822,737 $ 2.37 Granted 342,104 $ 4.10 Vested (324,926 ) $ 2.13 Forfeited (48,063 ) $ 3.13 Unvested as of June 30, 2023 791,852 $ 3.17 Under certain situations, shares are withheld from issuance to cover taxes for the vesting of restricted stock units and performance awards. For the six June 30, 2023, The following table summarizes share-based compensation expense included in the Company’s condensed consolidated statements of operations for the six June 30, 2023 2022 Six Months Ended June 30, 2023 2022 Share-based compensation expense: Cost of sales $ 69 $ 83 Selling, general and administrative 341 497 Net effect of share-based compensation expense on net income $ 410 $ 580 Reduction in earnings per share: Basic earnings per share $ 0.02 $ 0.03 Diluted earnings per share $ 0.02 $ 0.03

Note 13 - Legal Proceedings and

Note 13 - Legal Proceedings and Other Matters	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	NOTE 13 Legal Proceedings The Company is party to a variety of legal proceedings that arise in the normal course of its business. While the results of these legal proceedings cannot be predicted with certainty, management believes that the final outcome of these proceedings will not no not one

Note 14 - Recent Accounting Pro

Note 14 - Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	NOTE 14 The Company reviews new accounting standards as issued. Although some of the accounting standards issued or effective in the current fiscal year may none In June 2016, No. 2016 13, 326 December 15, 2022, three March 31, 2023. not 16,

Note 15 - Segment Reporting

Note 15 - Segment Reporting	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 15— The Company is organized into reporting segments based on the nature of the products offered and business activities from which it earns revenues and incurs expenses for which discrete financial information is available and regularly reviewed by the Company’s chief operating decision maker. The Company’s segments and their product and service offerings are summarized below: Heavy Fabrications The Company provides large, complex and precision fabrications to customers in a broad range of industrial markets. The Company’s most significant presence is within the U.S. wind energy industry, although it has diversified into other industrial markets in order to improve capacity utilization, reduce customer concentration, and reduce exposure to uncertainty related to governmental policies currently impacting the U.S. wind energy industry. Within the U.S. wind energy industry, the Company provides steel towers and tower adapters primarily to wind turbine manufacturers. Production facilities, located in Manitowoc, Wisconsin and Abilene, Texas, are situated in close proximity to the primary U.S. domestic wind energy and equipment manufacturing hubs. The two facilities have a combined annual tower production capacity of up to approximately 550 towers (1,650 tower sections), sufficient to support turbines generating more than 1,100 megawatts of power. The Company has expanded production capabilities and leveraged manufacturing competencies, including welding, lifting capacity and stringent quality practices, into aftermarket and original equipment manufacturer (“OEM”) components utilized in surface and underground mining, construction, material handling, oil and gas (“O&G”) and other infrastructure markets. Gearing The Company provides gearing and gearboxes to a broad set of customers in diverse markets including; onshore and offshore O&G fracking and drilling, surface and underground mining, wind energy, steel, material handling and other infrastructure markets. The Company has manufactured loose gearing, gearboxes and systems, and provided heat treat services for aftermarket and OEM applications for nearly a century. The Company uses an integrated manufacturing process, which includes machining and finishing processes in Cicero, Illinois, and heat treatment and gearbox repair in Neville Island, Pennsylvania. Industrial Solutions The Company provides supply chain solutions, light fabrication, inventory management, kitting and assembly services, primarily serving the combined cycle natural gas turbine market, as well as other clean technology markets. Corporate “Corporate” includes the assets and selling, general and administrative expenses of the Company’s corporate office. “Eliminations” comprises adjustments to reconcile segment results to consolidated results. The accounting policies of the reportable segments are the same as those referenced in Note 1, three six June 30, 2023 2022 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended June 30, 2023 Revenues from external customers $ 33,944 $ 10,977 $ 5,922 $ — $ — $ 50,843 Intersegment revenues — — 348 — (348 ) — Net revenues 33,944 10,977 6,270 — (348 ) 50,843 Operating income (loss) 3,867 348 843 (2,845 ) 3 2,216 Depreciation and amortization 856 556 92 58 — 1,562 Capital expenditures 2,156 739 — 17 — 2,912 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended June 30, 2022 Revenues from external customers $ 35,575 $ 10,107 $ 4,330 $ — $ — $ 50,012 Intersegment revenues — 8 719 — (727 ) — Net revenues 35,575 10,115 5,049 — (727 ) 50,012 Operating income (loss) 78 (585 ) 32 (1,437 ) — (1,912 ) Depreciation and amortization 862 555 98 61 — 1,576 Capital expenditures 718 476 9 2 — 1,205 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Six Months Ended June 30, 2023 Revenues from external customers $ 65,537 $ 22,943 $ 11,236 $ — $ — $ 99,716 Intersegment revenues — — 456 — (456 ) — Net revenues 65,537 22,943 11,692 — (456 ) 99,716 Operating income (loss) 6,657 929 1,465 (5,556 ) 3 3,498 Depreciation and amortization 1,714 1,152 186 115 — 3,167 Capital expenditures 2,818 1,124 18 17 — 3,977 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Six Months Ended June 30, 2022 Revenues from external customers $ 62,847 $ 20,684 $ 8,325 $ — $ — $ 91,856 Intersegment revenues — 16 796 — (812 ) — Net revenues 62,847 20,700 9,121 — (812 ) 91,856 Operating loss (383 ) (697 ) (177 ) (2,728 ) — (3,985 ) Depreciation and amortization 1,741 1,031 201 122 — 3,095 Capital expenditures 1,200 476 18 3 — 1,697 Total Assets as of June 30, December 31, Segments: 2023 2022 Heavy Fabrications $ 65,149 $ 45,475 Gearing 53,205 51,944 Industrial Solutions 15,150 12,775 Corporate 70,570 62,809 Eliminations (47,109 ) (28,463 ) $ 156,965 $ 144,540

Note 16 - Commitments and Conti

Note 16 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 16 Environmental Compliance and Remediation Liabilities The Company’s operations and products are subject to a variety of environmental laws and regulations in the jurisdictions in which the Company operates and sells products governing, among other things, air emissions, wastewater discharges, the use, handling and disposal of hazardous materials, soil and groundwater contamination, employee health and safety, and product content, performance and packaging. Certain environmental laws may one may Allowance for Doubtful Accounts  Beginning January 1, 2023, The Company selected a loss-rate method for the CECL model, based on the relationship between historical write-offs of receivables and the underlying sales by major customer. Utilizing this model, a historical loss-rate is applied against the amortized cost of applicable assets, at the time the asset is established. The loss rate reflects the Company’s current estimate of the risk of loss (even when that risk is remote) over the expected remaining contractual life of the assets. The Company’s policy is to deduct write-offs from the allowance for credit losses account in the period in which the financial assets are deemed uncollectible. The adjustment for credit losses using this CECL model on accounts receivable and contract assets during the three March 31, 2023 not The allowance for credit losses for prior periods was prepared in accordance with legacy GAAP. Based upon past experience and judgment, the Company established an allowance for doubtful accounts with respect to accounts receivable. The Company’s standard allowance estimation methodology considered a number of factors that, based on its collections experience, the Company believed would have an impact on its credit risk and the collectability of its accounts receivable. These factors included individual customer circumstances, history with the Company, the length of the time period during which the account receivable had been past due and other relevant criteria.  The Company monitors its collections and write-off experience to assess whether or not may may six June 30, 2023 2022 For the Six Months Ended June 30, 2023 2022 Balance at beginning of period $ 17 $ 47 Bad debt expense 16 40 Other adjustments — (10 ) Balance at end of period $ 33 $ 77 Collateral In select instances, the Company has pledged specific inventory and machinery and equipment assets to serve as collateral on related payable or financing obligations. Liquidated Damages In certain customer contracts, the Company has agreed to pay liquidated damages in the event of qualifying delivery or production delays. These damages are typically limited to a specific percentage of the value of the product in question and/or are dependent on actual losses sustained by the customer. The Company does not no June 30, 2023 December 31, 2022.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain prior year amounts have been reclassified to conform to current year presentation in the condensed consolidated financial statements and the notes to the condensed consolidated financial statements.
Use of Estimates, Policy [Policy Text Block]	Management’s Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the date of the financial statements and reported amounts of revenues and expenses during the reported period. Significant estimates, among others, include revenue recognition, future cash flows, inventory reserves, warranty reserves, impairment of long-lived assets, allowance for doubtful accounts, health insurance reserves, and valuation allowances on deferred taxes. Although these estimates are based upon management’s best knowledge of current events and actions that the Company may

Note 2 - Revenues (Tables)

Note 2 - Revenues (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Heavy Fabrications $ 33,944 $ 35,575 $ 65,537 $ 62,847 Gearing 10,977 10,115 22,943 20,700 Industrial Solutions 6,270 5,049 11,692 9,121 Eliminations (348 ) (727 ) (456 ) (812 ) Consolidated $ 50,843 $ 50,012 $ 99,716 $ 91,856

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Basic earnings per share calculation: Net income (loss) $ 1,415 $ (2,703 ) $ 2,184 $ (5,107 ) Weighted average number of common shares outstanding 21,091,496 20,244,176 20,980,880 19,977,477 Basic net income (loss) per share $ 0.07 $ (0.13 ) $ 0.10 $ (0.26 ) Diluted earnings per share calculation: Net income (loss) $ 1,415 $ (2,703 ) $ 2,184 $ (5,107 ) Weighted average number of common shares outstanding 21,091,496 20,244,176 20,980,880 19,977,477 Common stock equivalents: Non-vested stock awards (1) 317,031 — 409,351 — Weighted average number of common shares outstanding 21,408,527 20,244,176 21,390,231 19,977,477 Diluted net income (loss) per share $ 0.07 $ (0.13 ) $ 0.10 $ (0.26 )

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2023 2022 Raw materials $ 30,459 $ 27,644 Work-in-process 15,082 13,843 Finished goods 5,250 4,916 50,791 46,403 Less: Reserve for excess and obsolete inventory (2,236 ) (2,141 ) Net inventories $ 48,555 $ 44,262

Note 6 - Intangible Assets (Tab

Note 6 - Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	June 30, 2023 December 31, 2022 Remaining Remaining Weighted Weighted Accumulated Net Average Accumulated Net Average Cost Accumulated Impairment Book Amortization Accumulated Impairment Book Amortization Basis Amortization Charges Value Period Cost Amortization Charges Value Period Intangible assets: Noncompete agreements $ 170 $ (170 ) $ — $ — — $ 170 $ (167 ) $ — $ 3 0.1 Customer relationships 15,979 (7,711 ) (7,592 ) 676 2.6 15,979 (7,581 ) (7,592 ) 806 3.1 Trade names 9,099 (7,380 ) — 1,719 4.3 9,099 (7,180 ) — 1,919 4.8 Intangible assets $ 25,248 $ (15,261 ) $ (7,592 ) $ 2,395 3.8 $ 25,248 $ (14,928 ) $ (7,592 ) $ 2,728 4.3
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	2023 $ 331 2024 661 2025 661 2026 422 2027 320 Total $ 2,395

Note 7 - Accrued Liabilities (T

Note 7 - Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	June 30, December 31, 2023 2022 Accrued payroll and benefits $ 4,011 $ 3,110 Accrued property taxes 419 17 Income taxes payable 66 26 Accrued professional fees 417 118 Accrued warranty liability 181 149 Self-insured workers compensation reserve 27 30 Long term incentive plan accrual — 619 Accrued other 559 244 Total accrued liabilities $ 5,680 $ 4,313

Note 8 - Debt and Credit Agre_2

Note 8 - Debt and Credit Agreements (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Debt [Table Text Block]	June 30, December 31, 2023 2022 Line of credit $ 11,991 $ — Other notes payable 1,647 1,094 Long-term debt 6,675 7,217 Less: Current portion (13,110 ) (1,170 ) Long-term debt, net of current maturities $ 7,203 $ 7,141

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Lease Quantitative Disclosure [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 369 $ 288 $ 739 $ 576 Interest on finance lease liabilities 86 96 184 176 Total finance lease costs 455 384 923 752 Operating lease cost components: Operating lease cost 689 705 1,393 1,403 Short-term lease cost 78 144 167 296 Variable lease cost (1) 178 226 523 452 Sublease income (49 ) (31 ) (97 ) (79 ) Total operating lease costs 896 1,044 1,986 2,072 Total lease cost $ 1,351 $ 1,428 $ 2,909 $ 2,824 Supplemental cash flow information related to our operating leases is as follows for the six months ended June 30, 2023 and 2022: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 1,727 $ 1,736 Weighted-average remaining lease term-finance leases at end of period (in years) 3.1 2.7 Weighted-average remaining lease term-operating leases at end of period (in years) 7.7 8.5 Weighted-average discount rate-finance leases at end of period 5.1 % 6.0 % Weighted-average discount rate-operating leases at end of period 8.8 % 8.7 %
Finance and Operating Lease Liability Maturity [Table Text Block]	Finance Operating Leases Leases Total 2023 $ 1,066 $ 1,725 $ 2,791 2024 1,392 2,998 4,390 2025 986 3,064 4,050 2026 774 3,059 3,833 2027 671 3,098 3,769 2028 and thereafter 1,023 10,951 11,974 Total lease payments 5,912 24,895 30,807 Less—portion representing interest (791 ) (7,241 ) (8,032 ) Present value of lease obligations 5,121 17,654 22,775 Less—current portion of lease obligations (1,590 ) (1,737 ) (3,327 ) Long-term portion of lease obligations $ 3,531 $ 15,917 $ 19,448

Note 12 - Share-based Compens_2

Note 12 - Share-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Weighted Average Number of Grant-Date Fair Value Shares Per Share Unvested as of December 31, 2022 822,737 $ 2.37 Granted 342,104 $ 4.10 Vested (324,926 ) $ 2.13 Forfeited (48,063 ) $ 3.13 Unvested as of June 30, 2023 791,852 $ 3.17
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Six Months Ended June 30, 2023 2022 Share-based compensation expense: Cost of sales $ 69 $ 83 Selling, general and administrative 341 497 Net effect of share-based compensation expense on net income $ 410 $ 580 Reduction in earnings per share: Basic earnings per share $ 0.02 $ 0.03 Diluted earnings per share $ 0.02 $ 0.03

Note 15 - Segment Reporting (Ta

Note 15 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended June 30, 2023 Revenues from external customers $ 33,944 $ 10,977 $ 5,922 $ — $ — $ 50,843 Intersegment revenues — — 348 — (348 ) — Net revenues 33,944 10,977 6,270 — (348 ) 50,843 Operating income (loss) 3,867 348 843 (2,845 ) 3 2,216 Depreciation and amortization 856 556 92 58 — 1,562 Capital expenditures 2,156 739 — 17 — 2,912 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended June 30, 2022 Revenues from external customers $ 35,575 $ 10,107 $ 4,330 $ — $ — $ 50,012 Intersegment revenues — 8 719 — (727 ) — Net revenues 35,575 10,115 5,049 — (727 ) 50,012 Operating income (loss) 78 (585 ) 32 (1,437 ) — (1,912 ) Depreciation and amortization 862 555 98 61 — 1,576 Capital expenditures 718 476 9 2 — 1,205 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Six Months Ended June 30, 2023 Revenues from external customers $ 65,537 $ 22,943 $ 11,236 $ — $ — $ 99,716 Intersegment revenues — — 456 — (456 ) — Net revenues 65,537 22,943 11,692 — (456 ) 99,716 Operating income (loss) 6,657 929 1,465 (5,556 ) 3 3,498 Depreciation and amortization 1,714 1,152 186 115 — 3,167 Capital expenditures 2,818 1,124 18 17 — 3,977 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Six Months Ended June 30, 2022 Revenues from external customers $ 62,847 $ 20,684 $ 8,325 $ — $ — $ 91,856 Intersegment revenues — 16 796 — (812 ) — Net revenues 62,847 20,700 9,121 — (812 ) 91,856 Operating loss (383 ) (697 ) (177 ) (2,728 ) — (3,985 ) Depreciation and amortization 1,741 1,031 201 122 — 3,095 Capital expenditures 1,200 476 18 3 — 1,697 Total Assets as of June 30, December 31, Segments: 2023 2022 Heavy Fabrications $ 65,149 $ 45,475 Gearing 53,205 51,944 Industrial Solutions 15,150 12,775 Corporate 70,570 62,809 Eliminations (47,109 ) (28,463 ) $ 156,965 $ 144,540

Note 16 - Commitments and Con_2

Note 16 - Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	For the Six Months Ended June 30, 2023 2022 Balance at beginning of period $ 17 $ 47 Bad debt expense 16 40 Other adjustments — (10 ) Balance at end of period $ 33 $ 77

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended		18 Months Ended
	Sep. 12, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2022	Mar. 09, 2021
Revenue as Percentage of Sales Associated with New Wind Turbine Installations				50%		53%
Debt and Lease Obligation		$ 25,434		$ 25,434		$ 25,434
Debt, Current		$ 14,700		$ 14,700		$ 14,700
Common Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.001		$ 0.001		$ 0.001	$ 0.001
Accounts Receivable, Sale		$ 9,495	$ 30,512	$ 18,807	$ 46,438
Accounts Receivable, Sale, Discount Fees		184	$ 417	315	$ 495
The ATM Agreement [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)								$ 0.001
The Sales Agreement [Member]
Sales Agent Commission Percentage	2.75%
Stock Issued During Period, Shares, New Issues (in shares)	100,379
Proceeds from Issuance of Common Stock, Net	$ 323
Payments of Stock Issuance Costs	9
Other Stock Issuance Expenses	93
Sale of Stock, Common Stock Available for Issuance, Value		11,667		11,667		$ 11,667
The Sales Agreement [Member] | Maximum [Member]
Value of Shares Issuable, Maximum	$ 12,000
The 2022 Credit Facility [Member]
Line of Credit, Current		18,666		18,666		18,666
Revolving Credit Facility [Member]
Line of Credit, Current		6,675		6,675		6,675
Revolving Credit Facility [Member] | The 2022 Credit Facility [Member]
Line of Credit, Current		$ 11,991		$ 11,991		$ 11,991

Note 2 - Revenues (Details Text

Note 2 - Revenues (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue from Contract with Customer, Including Assessed Tax	$ 50,843	$ 50,012	$ 99,716	$ 91,856
Heavy Fabrications [Member] | Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 2,003	$ 4,182	$ 3,861	$ 7,409

Note 2 - Revenues - Disaggregat

Note 2 - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues	$ 50,843	$ 50,012	$ 99,716	$ 91,856
Consolidation, Eliminations [Member]
Revenues	(348)	(727)	(456)	(812)
Heavy Fabrications [Member] | Operating Segments [Member]
Revenues	33,944	35,575	65,537	62,847
Gearing [Member] | Operating Segments [Member]
Revenues	10,977	10,115	22,943	20,700
Industrial Solutions [Member] | Operating Segments [Member]
Revenues	$ 6,270	$ 5,049	$ 11,692	$ 9,121

Note 3 - Earnings Per Share (De

Note 3 - Earnings Per Share (Details Textual)	6 Months Ended
	Jun. 30, 2023 shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	829,890

Note 3 - Earnings Per Share - E

Note 3 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income (loss)		$ 1,415	$ 769	$ (2,703)	$ (2,404)	$ 2,184	$ (5,107)
Weighted average number of common shares outstanding (in shares)		21,091,496		20,244,176		20,980,880	19,977,477
Basic net income (loss) per share (in dollars per share)		$ 0.07		$ (0.13)		$ 0.10	$ (0.26)
Non-vested stock awards (1) (in shares)	[1]	317,031		0		409,351	0
Weighted average number of common shares outstanding (in shares)		21,408,527		20,244,176		21,390,231	19,977,477
Diluted net income (loss) per share (in dollars per share)		$ 0.07		$ (0.13)		$ 0.10	$ (0.26)
[1]Restricted stock units granted and outstanding of 623,191 as of March 31, 2022, are excluded from the computation of diluted earnings due to the anti-dilutive effect as a result of the Company’s net loss for the three months ended March 31, 2022.

Note 4 - Inventories - Inventor

Note 4 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Raw materials	$ 30,459	$ 27,644
Work-in-process	15,082	13,843
Finished goods	5,250	4,916
Inventory, Gross	50,791	46,403
Less: Reserve for excess and obsolete inventory	(2,236)	(2,141)
Net inventories	$ 48,555	$ 44,262

Note 5 - AMP Credits (Details T

Note 5 - AMP Credits (Details Textual) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Increase (Decrease) in AMP Credit Receivable		$ 6,729	$ 0
Heavy Fabrications [Member]
Increase (Decrease) in AMP Credit Receivable	$ 3,567	$ 6,729
AMP Credit, Credit Per Watt of Wind Power Produced	0.03	0.03

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details Textual)	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	3 years 9 months 18 days	4 years 3 months 18 days
Minimum [Member]
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	3 years
Maximum [Member]
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	4 years

Note 6 - Intangible Assets - In

Note 6 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Cost Basis	$ 25,248	$ 25,248
Accumulated Amortization	(15,261)	(14,928)
Accumulated Impairment Charges	(7,592)	(7,592)
Intangible assets, net	$ 2,395	$ 2,728
Remaining Average Amortization Period (Year)	3 years 9 months 18 days	4 years 3 months 18 days
Noncompete Agreements [Member]
Cost Basis	$ 170	$ 170
Accumulated Amortization	(170)	(167)
Accumulated Impairment Charges	0	0
Intangible assets, net	0	$ 3
Remaining Average Amortization Period (Year)		1 month 6 days
Customer Relationships [Member]
Cost Basis	15,979	$ 15,979
Accumulated Amortization	(7,711)	(7,581)
Accumulated Impairment Charges	(7,592)	(7,592)
Intangible assets, net	$ 676	$ 806
Remaining Average Amortization Period (Year)	2 years 7 months 6 days	3 years 1 month 6 days
Trade Names [Member]
Cost Basis	$ 9,099	$ 9,099
Accumulated Amortization	(7,380)	(7,180)
Accumulated Impairment Charges	0	0
Intangible assets, net	$ 1,719	$ 1,919
Remaining Average Amortization Period (Year)	4 years 3 months 18 days	4 years 9 months 18 days

Note 6 - Intangible Assets - Es

Note 6 - Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
2023	$ 331
2024	661
2025	661
2026	422
2027	320
Total	$ 2,395	$ 2,728

Note 7 - Accrued Liabilities -

Note 7 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Accrued payroll and benefits	$ 4,011	$ 3,110
Accrued property taxes	419	17
Income taxes payable	66	26
Accrued professional fees	417	118
Accrued warranty liability	181	149
Self-insured workers compensation reserve	27	30
Long term incentive plan accrual	0	619
Accrued other	559	244
Total accrued liabilities	$ 5,680	$ 4,313

Note 8 - Debt and Credit Agre_3

Note 8 - Debt and Credit Agreements (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Aug. 04, 2022
Long-Term Debt, Current Maturities	$ 13,110	$ 1,170
Development Corporation of Abilene Loan [Member]
Notes Payable	1,647	1,094
Notes Payable, Other Payables [Member]
Long-Term Debt, Current Maturities	$ 37	$ 88
Debt Instrument, Interest Rate, Stated Percentage	5%
Notes Payable, Other Payables [Member] | Minimum [Member]
Debt Instrument, Periodic Payment, Total	$ 3
Notes Payable, Other Payables [Member] | Maximum [Member]
Debt Instrument, Periodic Payment, Total	16
The 2022 Credit Facility [Member]
Line of Credit, Current	18,666
Line of Credit Facility, Remaining Borrowing Capacity	13,128
Revolving Credit Facility [Member]
Line of Credit, Current	$ 6,675
Debt Instrument, Interest Rate, Effective Percentage	7.31%	6.55%
Revolving Credit Facility [Member] | The 2022 Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 35,000
Line of Credit Facility, Optional Increase in Maximum Borrowing Capacity			10,000
Debt Instrument, Face Amount			$ 7,578
Debt Issuance Costs, Net	$ 392
Accumulated Amortization, Debt Issuance Costs	88
Line of Credit, Current	$ 11,991
Senior Secured Term Loan [Member]
Debt Instrument, Interest Rate, Effective Percentage	7.56%	6.80%

Note 8 - Debt and Credit Agre_4

Note 8 - Debt and Credit Agreements - Outstanding Debt Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Less: Current portion	$ (13,110)	$ (1,170)
Long-term debt, net of current maturities	7,203	7,141
Line of Credit [Member]
Long-term debt	11,991	0
Notes Payable, Other Payables [Member]
Long-term debt	1,647	1,094
Less: Current portion	(37)	(88)
Long-Term Debt [Member]
Long-term debt	$ 6,675	$ 7,217

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 0	$ 1,773

Note 9 - Leases - Leases Inform

Note 9 - Leases - Leases Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Amortization of finance lease assets		$ 369	$ 288	$ 739	$ 576
Interest on finance lease liabilities		86	96	184	176
Total finance lease costs		455	384	923	752
Operating lease cost		689	705	1,393	1,403
Short-term lease cost		78	144	167	296
Variable lease cost	[1]	178	226	523	452
Sublease income		(49)	(31)	(97)	(79)
Total operating lease costs		896	1,044	1,986	2,072
Total lease cost		$ 1,351	$ 1,428	2,909	2,824
Operating cash outflow from operating leases				$ 1,727	$ 1,736
Weighted-average remaining lease term-finance leases at end of period (in years) (Year)		3 years 1 month 6 days	2 years 8 months 12 days	3 years 1 month 6 days	2 years 8 months 12 days
Weighted-average remaining lease term-operating leases at end of period (in years) (Year)		7 years 8 months 12 days	8 years 6 months	7 years 8 months 12 days	8 years 6 months
Weighted-average discount rate-finance leases at end of period		5.10%	6%	5.10%	6%
Weighted-average discount rate-operating leases at end of period		8.80%	8.70%	8.80%	8.70%
[1]Variable lease costs consist primarily of taxes, insurance, utilities, and common area or other maintenance costs for the Company’s leased facilities and equipment.

Note 9 - Leases - Future Minimu

Note 9 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
2023, finance leases	$ 1,066
2023, operating leases	1,725
2023, total	2,791
2024, finance leases	1,392
2024, operating leases	2,998
2024, total	4,390
2025, finance leases	986
2025, operating leases	3,064
2025, total	4,050
2026, finance leases	774
2026, operating leases	3,059
2026, total	3,833
2027, finance leases	671
2027, operating leases	3,098
2027, total	3,769
2026 and thereafter, finance leases	1,023
2028 and thereafter, operating leases	10,951
2028 and thereafter, total	11,974
Total lease payments, finance leases	5,912
Total lease payments, operating leases	24,895
Total lease payments, total	30,807
Less—portion representing interest, finance leases	(791)
Less—portion representing interest, operating leases	(7,241)
Less—portion representing interest, total	(8,032)
Present value of lease obligations, finance leases	5,121
Present value of lease obligations, operating leases	17,654
Present value of lease obligations, total	22,775
Less—current portion of lease obligations, finance leases	(1,590)	$ (2,008)
Less—current portion of lease obligations, operating leases	(1,737)	(1,882)
Less—current portion of lease obligations, total	(3,327)
Long-term portion of lease obligations, finance leases	3,531	4,226
Long-term portion of lease obligations, operating leases	15,917	$ 16,696
Long-term portion of lease obligations, total	$ 19,448

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)
Income Tax Expense (Benefit)	$ 28	$ 15	$ 51	$ 22
Operating Loss Carryforwards	288,462		288,462
Operating Loss Carryforwards, Subject to Expiration	227,781		227,781
Operating Loss Carry Forwards Annual Limit	14,284		14,284
Unrecognized Tax Benefits	0		0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 0		$ 0
Rights [Member]
Term of Extended Rights Plan (Year)			3 years
Threshold Percentage of Beneficial Ownership for Significant Dilution in Ownership Interest			4.90%
Class of Warrant or Right Number of Rights Per Common Stock Share			1
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares	0.001		0.001
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 7.26		$ 7.26
Class of Warrant or Right Current Beneficial Ownership Percentage That Will Not Trigger Preferred Share Purchase Rights			4.90%

Note 12 - Share-based Compens_3

Note 12 - Share-based Compensation (Details Textual)	6 Months Ended
	Jun. 30, 2023 shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number (in shares)	0
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	92,984

Note 12 - Share-based Compens_4

Note 12 - Share-based Compensation - Restricted Stock Unit and Performance Award Activity (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Unvested, number of shares (in shares) | shares	822,737
Unvested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.37
Granted, number of shares (in shares) | shares	342,104
Granted, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 4.10
Vested, number of shares (in shares) | shares	(324,926)
Vested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.13
Forfeited, number of shares (in shares) | shares	(48,063)
Forfeited, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 3.13
Unvested, number of shares (in shares) | shares	791,852
Unvested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 3.17

Note 12 - Share-based Compens_5

Note 12 - Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Share-based compensation expense	$ 410	$ 580
Basic earnings per share (in dollars per share)	$ 0.02	$ 0.03
Diluted earnings per share (in dollars per share)	$ 0.02	$ 0.03
Cost of Sales [Member]
Share-based compensation expense	$ 69	$ 83
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	$ 341	$ 497

Note 15 - Segment Reporting (De

Note 15 - Segment Reporting (Details Textual) - Heavy Fabrications [Member]	6 Months Ended
	Jun. 30, 2023 MWh
Number of Facilities	2
Maximum [Member]
Annual Tower Production Capacity	550
Number of Tower Sections in Production Capacity of Turbines Total	1,650
Minimum [Member]
Power Generating Capacity of Turbines (Megawatt-Hour)	1,100

Note 15 - Segment Reporting - S

Note 15 - Segment Reporting - Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Revenues from external customers	$ 50,843	$ 50,012	$ 99,716	$ 91,856
Revenue from Contract with Customer, Including Assessed Tax	50,843	50,012	99,716	91,856
Operating income (loss)	2,216	(1,912)	3,498	(3,985)
Depreciation and amortization	1,562	1,576	3,167	3,095
Capital expenditures	2,912	1,205	3,977	1,697
Total assets	156,965		156,965		$ 144,540
Corporate Segment [Member]
Revenues from external customers		0	0
Depreciation and amortization		61
Operating Segments [Member] | Heavy Fabrications [Member]
Revenues from external customers	33,944	35,575	65,537	62,847
Revenue from Contract with Customer, Including Assessed Tax	33,944	35,575	65,537	62,847
Operating income (loss)	3,867	78	6,657	(383)
Depreciation and amortization	856	862	1,714	1,741
Capital expenditures	2,156	718	2,818	1,200
Total assets	65,149		65,149		45,475
Operating Segments [Member] | Gearing [Member]
Revenues from external customers	10,977	10,107	22,943	20,684
Revenue from Contract with Customer, Including Assessed Tax	10,977	10,115	22,943	20,700
Operating income (loss)	348	(585)	929	(697)
Depreciation and amortization	556	555	1,152	1,031
Capital expenditures	739	476	1,124	476
Total assets	53,205		53,205		51,944
Operating Segments [Member] | Industrial Solutions [Member]
Revenues from external customers	5,922	4,330	11,236	8,325
Revenue from Contract with Customer, Including Assessed Tax	6,270	5,049	11,692	9,121
Operating income (loss)	843	32	1,465	(177)
Depreciation and amortization	92	98	186	201
Capital expenditures	0	9	18	18
Total assets	15,150		15,150		12,775
Operating Segments [Member] | Corporate Segment [Member]
Revenues from external customers	0			0
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Operating income (loss)	(2,845)	(1,437)	(5,556)	(2,728)
Depreciation and amortization	58		115	122
Capital expenditures	17	2	17	3
Total assets	70,570		70,570		62,809
Consolidation, Eliminations [Member]
Revenues from external customers	0	0	0	0
Revenue from Contract with Customer, Including Assessed Tax	(348)	(727)	(456)	(812)
Operating income (loss)	3	0	3	0
Depreciation and amortization	0	0	0	0
Capital expenditures	0	0	0	0
Total assets	(47,109)		(47,109)		$ (28,463)
Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Intersegment Eliminations [Member] | Heavy Fabrications [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Intersegment Eliminations [Member] | Gearing [Member]
Revenue from Contract with Customer, Including Assessed Tax	0	8	0	16
Intersegment Eliminations [Member] | Industrial Solutions [Member]
Revenue from Contract with Customer, Including Assessed Tax	348	719	456	796
Intersegment Eliminations [Member] | Corporate Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 0	$ 0	$ 0

Note 16 - Commitments and Con_3

Note 16 - Commitments and Contingencies - Allowance of Doubtful Accounts (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Balance at beginning of period	$ 17	$ 47
Bad debt expense	16	40
Other adjustments	0	(10)
Balance at end of period	$ 33	$ 77