Broadwind (BWEN) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2023	Nov. 08, 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	Q3
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		21,417,335

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash	$ 1,740	$ 12,732
Accounts receivable, net	41,253	17,018
AMP credit receivable	11,217	0
Contract assets	2,176	1,955
Inventories, net	39,906	44,262
Prepaid expenses and other current assets	3,454	3,291
Total current assets	99,746	79,258
LONG-TERM ASSETS:
Property and equipment, net	46,889	45,319
Operating lease right-of-use assets, net	15,086	16,396
Intangible assets, net	2,229	2,728
Other assets	649	839
TOTAL ASSETS	164,599	144,540
CURRENT LIABILITIES:
Line of credit and current portion of long-term debt	19,762	1,170
Current portion of finance lease obligations	1,612	2,008
Current portion of operating lease obligations	1,660	1,882
Accounts payable	25,269	26,255
Accrued liabilities	6,238	4,313
Customer deposits	29,904	34,550
Total current liabilities	84,445	70,178
LONG-TERM LIABILITIES:
Long-term debt, net of current maturities	6,562	7,141
Long-term finance lease obligations, net of current portion	3,628	4,226
Long-term operating lease obligations, net of current portion	15,583	16,696
Other	19	26
Total long-term liabilities	25,792	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; 21,673,800 and 21,127,130 shares issued as of September 30, 2023, and December 31, 2022, respectively	22	21
Treasury stock, at cost, 273,937 shares as of September 30, 2023 and December 31, 2022	(1,842)	(1,842)
Additional paid-in capital	398,750	397,240
Accumulated deficit	(342,568)	(349,146)
Total stockholders’ equity	54,362	46,273
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 164,599	$ 144,540

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 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)	21,673,800	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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues	$ 57,163	$ 44,843	$ 156,879	$ 136,699
Cost of sales	46,996	41,095	131,403	128,545
Gross profit	10,167	3,748	25,476	8,154
OPERATING EXPENSES:
Selling, general and administrative	4,635	4,085	16,113	12,109
Intangible amortization	165	183	498	550
Total operating expenses	4,800	4,268	16,611	12,659
Operating income (loss)	5,367	(520)	8,865	(4,505)
OTHER EXPENSE, net:
Interest expense, net	(932)	(1,234)	(2,171)	(2,355)
Other, net	(13)	(4)	(37)	17
Total other expense, net	(945)	(1,238)	(2,208)	(2,338)
Net income (loss) before provision for income taxes	4,422	(1,758)	6,657	(6,843)
Provision for income taxes	28	14	79	36
NET INCOME (LOSS)	$ 4,394	$ (1,772)	$ 6,578	$ (6,879)
NET INCOME (LOSS) PER COMMON SHARE—BASIC:
Net income (loss) (in dollars per share)	$ 0.21	$ (0.09)	$ 0.31	$ (0.34)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares)	21,336,957	20,505,884	21,100,876	20,155,548
NET INCOME (LOSS) PER COMMON SHARE—DILUTED:
Net income (loss) (in dollars per share)	$ 0.2	$ (0.09)	$ 0.31	$ (0.34)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares)	21,574,011	20,505,884	21,451,073	20,155,548

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	$ 20	$ (1,842)	$ 395,372	$ (339,416)	$ 54,134
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
Shares withheld for taxes in connection with issuance of restricted stock (in shares)					(280,175)
Net income (loss)					$ (6,879)
BALANCE (in shares) at Sep. 30, 2022	20,944,873	(273,937)
BALANCE at Sep. 30, 2022	$ 21	$ (1,842)	396,730	(346,295)	48,614
BALANCE	$ 20	$ (1,842)	395,435	(341,820)	51,793
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	$ 20	$ (1,842)	396,021	(344,523)	49,676
Stock issued for restricted stock (in shares)	7,000	0
Stock issued for restricted stock	$ 0	$ 0	0	0	0
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	94,773	0
Stock issued under defined contribution 401(k) retirement savings plan	$ 0	$ 0	302	0	302
Share-based compensation	$ 0	$ 0	180	0	180
Shares withheld for taxes in connection with issuance of restricted stock (in shares)	(2,267)	0
Shares withheld for taxes in connection with issuance of restricted stock	$ 0	$ 0	(2)	0	(2)
Net income (loss)	$ 0	$ 0	0	(1,772)	(1,772)
Sale of common stock, net (in shares)	100,379	0
Sale of common stock, net	$ 1	$ 0	229	0	230
BALANCE (in shares) at Sep. 30, 2022	20,944,873	(273,937)
BALANCE at Sep. 30, 2022	$ 21	$ (1,842)	396,730	(346,295)	48,614
BALANCE	21	(1,842)	396,730	(346,295)	48,614
BALANCE	$ 21	$ (1,842)	397,240	(349,146)	46,273
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)					$ 6,578
BALANCE (in shares) at Sep. 30, 2023	21,673,800	(273,937)
BALANCE at Sep. 30, 2023	$ 22	$ (1,842)	398,750	(342,568)	54,362
BALANCE	$ 21	$ (1,842)	397,720	(348,377)	47,522
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
BALANCE	$ 22	$ (1,842)	398,180	(346,962)	49,398
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	94,875	0
Stock issued under defined contribution 401(k) retirement savings plan	$ 0	$ 0	330	0	330
Share-based compensation	0	0	240	0	240
Net income (loss)	$ 0	$ 0	0	4,394	4,394
BALANCE (in shares) at Sep. 30, 2023	21,673,800	(273,937)
BALANCE at Sep. 30, 2023	$ 22	$ (1,842)	398,750	(342,568)	54,362
BALANCE	$ 22	$ (1,842)	$ 398,750	$ (342,568)	$ 54,362

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 6,578	$ (6,879)
Adjustments to reconcile net cash used in operating activities:
Depreciation and amortization expense	4,772	4,581
Deferred income taxes	(7)	(13)
Change in fair value of interest rate swap agreements	0	(27)
Share-based compensation	649	760
Allowance for doubtful accounts	16	(18)
Common stock issued under defined contribution 401(k) plan	978	915
Loss on disposal of assets	48	3
Changes in operating assets and liabilities:
Accounts receivable	(24,251)	(3,096)
AMP credit receivable	(11,217)	0
Employee retention credit receivable	0	497
Contract assets	(221)	(2,353)
Inventories	4,356	(525)
Prepaid expenses and other current assets	(162)	(1,200)
Accounts payable	(1,577)	4,968
Accrued liabilities	1,925	1,271
Customer deposits	(4,646)	(9,006)
Other non-current assets and liabilities	166	(149)
Net cash used in operating activities	(22,593)	(10,271)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(5,315)	(2,757)
Proceeds from disposals of property and equipment	15	0
Net cash used in investing activities	(5,300)	(2,757)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit, net	18,518	7,966
Payments for deferred financing costs	0	(470)
Proceeds from long-term debt	387	8,113
Payments on long-term debt	(893)	(261)
Principal payments on finance leases	(994)	(1,347)
Shares withheld for taxes in connection with issuance of restricted stock	(117)	(546)
Proceeds from sale of common stock, net	0	230
Net cash provided by financing activities	16,901	13,685
NET (DECREASE) INCREASE IN CASH	(10,992)	657
CASH beginning of the period	12,732	852
CASH end of the period	$ 1,740	$ 1,509

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 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 nine September 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 nine September 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 nine 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 September 30, 2023 2022 September 30, 2023. On September 22, 2023, 3, October 12, 2023 ( 3” October 12, 2023. one On September 12, 2022, may December 31, 2022, No nine September 30, 2023. September 30, 2023, 3 424 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 nine September 30, 2023, three nine September 30, 2022, In January 2023, 2023 2024. November 2023, 2024 2025, 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, 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	9 Months Ended
	Sep. 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 nine September 30, 2023 2022 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Heavy Fabrications $ 38,326 $ 30,640 $ 103,864 $ 93,486 Gearing 11,404 10,190 34,347 30,890 Industrial Solutions 7,434 4,020 19,125 13,142 Eliminations (1 ) (7 ) (457 ) (819 ) Consolidated $ 57,163 $ 44,843 $ 156,879 $ 136,699 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 nine September 30, 2023 2022, no three nine September 30, 2023, three nine September 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	9 Months Ended
	Sep. 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 nine September 30, 2023 2022 Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Basic earnings per share calculation: Net income (loss) $ 4,394 $ (1,772 ) $ 6,578 $ (6,879 ) Weighted average number of common shares outstanding 21,336,957 20,505,884 21,100,876 20,155,548 Basic net income (loss) per share $ 0.21 $ (0.09 ) $ 0.31 $ (0.34 ) Diluted earnings per share calculation: Net income (loss) $ 4,394 $ (1,772 ) $ 6,578 $ (6,879 ) Weighted average number of common shares outstanding 21,336,957 20,505,884 21,100,876 20,155,548 Common stock equivalents: Non-vested stock awards (1) 237,054 — 350,197 — Weighted average number of common shares outstanding 21,574,011 20,505,884 21,451,073 20,155,548 Diluted net income (loss) per share $ 0.20 $ (0.09 ) $ 0.31 $ (0.34 ) ( 1 September 30, 2022, three nine September 30, 2022.

Note 4 - Inventories

Note 4 - Inventories	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 4 The components of inventories as of September 30, 2023 December 31, 2022 September 30, December 31, 2023 2022 Raw materials $ 27,020 $ 27,644 Work-in-process 10,460 13,843 Finished goods 4,824 4,916 42,304 46,403 Less: Reserve for excess and obsolete inventory (2,398 ) (2,141 ) Net inventories $ 39,906 $ 44,262

Note 5 - AMP Credits

Note 5 - AMP Credits	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Advanced Manufacturing Production Tax Credits [Text Block]	NOTE 5 During the three nine September 30, 2023, August 16, 2022. 2023 2032. third three nine September 30, 2023. September 30, 2023. 2024 2025 1, 2024.

Note 6 - Intangible Assets

Note 6 - Intangible Assets	9 Months Ended
	Sep. 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 September 30, 2023 December 31, 2022 September 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 (7,777 ) (7,592 ) 610 2.3 15,979 (7,581 ) (7,592 ) 806 3.1 Trade names 9,099 (7,480 ) — 1,619 4.0 9,099 (7,180 ) — 1,919 4.8 Intangible assets $ 25,248 $ (15,427 ) $ (7,592 ) $ 2,229 3.6 $ 25,248 $ (14,928 ) $ (7,592 ) $ 2,728 4.3 ​ As of September 30, 2023 2023 $ 165 2024 661 2025 661 2026 422 2027 320 Total $ 2,229 ​ ​

Note 7 - Accrued Liabilities

Note 7 - Accrued Liabilities	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 7 Accrued liabilities as of September 30, 2023 December 31, 2022 September 30, December 31, 2023 2022 Accrued payroll and benefits $ 4,397 $ 3,110 Accrued property taxes 610 17 Income taxes payable 95 26 Accrued professional fees 106 118 Accrued warranty liability 224 149 Self-insured workers compensation reserve 25 30 Long term incentive plan accrual — 619 Accrued other 781 244 Total accrued liabilities $ 6,238 $ 4,313

Note 8 - Debt and Credit Agreem

Note 8 - Debt and Credit Agreements	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 The Company’s outstanding debt balances as of September 30, 2023 December 31, 2022 September 30, December 31, 2023 2022 Line of credit $ 18,518 $ — Other notes payable 1,401 1,094 Long-term debt 6,405 7,217 Total debt 26,324 8,311 Less: Current portion (19,762 ) (1,170 ) Long-term debt, net of current maturities $ 6,562 $ 7,141 Credit Facility On August 4, 2022, “2022 may “2022 2022 2022 September 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 September 30, 2023 2022 September 30, 2023, 2022 September 30, 2023, December 31, 2022, Other In addition, the Company has outstanding notes payable for capital expenditures in the amount of $1,401 and $1,094 as of September 30, 2023 December 31, 2022 September 30, 2023 December 31, 2022 September 2028.

Note 9 - Leases

Note 9 - Leases	9 Months Ended
	Sep. 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 nine September 30, 2023 2022, nine September 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 September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 229 $ 293 $ 968 $ 869 Interest on finance lease liabilities 108 82 292 259 Total finance lease costs 337 375 1,260 1,128 Operating lease cost components: Operating lease cost 698 716 2,091 2,119 Short-term lease cost 122 187 289 483 Variable lease cost (1) 283 218 806 669 Sublease income (49 ) (64 ) (146 ) (143 ) Total operating lease costs 1,054 1,057 3,040 3,128 Total lease cost $ 1,391 $ 1,432 $ 4,300 $ 4,256 Supplemental cash flow information related to our operating leases is as follows for the nine months ended September 30, 2023 and 2022: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 2,592 $ 2,609 Weighted-average remaining lease term-finance leases at end of period (in years) 3.4 2.5 Weighted-average remaining lease term-operating leases at end of period (in years) 7.5 8.3 Weighted-average discount rate-finance leases at end of period 6.1 % 6.0 % Weighted-average discount rate-operating leases at end of period 8.9 % 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 September 30, 2023 ​ Finance Operating Leases Leases Total 2023 $ 615 $ 868 $ 1,483 2024 1,600 3,014 4,614 2025 1,193 3,080 4,273 2026 936 3,075 4,011 2027 671 3,114 3,785 2028 and thereafter 1,014 10,955 11,969 Total lease payments 6,029 24,106 30,135 Less—portion representing interest (789 ) (6,863 ) (7,652 ) Present value of lease obligations 5,240 17,243 22,483 Less—current portion of lease obligations (1,612 ) (1,660 ) (3,272 ) Long-term portion of lease obligations $ 3,628 $ 15,583 $ 19,211 ​

Note 10 - Fair Value Measuremen

Note 10 - Fair Value Measurements	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 September 30, 2023 nine September 30, 2023 nine September 30, 2022 August 16, 2022, 2023 2032. no nine September 30, 2023 not The Company files income tax returns in U.S. federal and state jurisdictions. As of September 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 September 30, 2023 September 30, 2023

Note 12 - Share-based Compensat

Note 12 - Share-based Compensation	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 12 ​ There was no nine September 30, 2023 September 30, 2023 The following table summarizes the Company’s restricted stock unit and performance award activity during the nine September 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 September 30, 2023 791,852 $ 3.53 Under certain situations, shares are withheld from issuance to cover taxes for the vesting of restricted stock units and performance awards. For the nine September 30, 2023, nine September 30, 2022, The following table summarizes share-based compensation expense included in the Company’s condensed consolidated statements of operations for the nine September 30, 2023 2022 Nine Months Ended September 30, 2023 2022 Share-based compensation expense: Cost of sales $ 94 $ 106 Selling, general and administrative 555 1,079 Net effect of share-based compensation expense on net income $ 649 $ 1,185 Reduction in earnings per share: Basic earnings per share $ 0.03 $ 0.06 Diluted earnings per share $ 0.03 $ 0.06

Note 13 - Legal Proceedings and

Note 13 - Legal Proceedings and Other Matters	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 nine September 30, 2023 2022 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended September 30, 2023 Revenues from external customers $ 38,326 $ 11,404 $ 7,433 $ — $ — $ 57,163 Intersegment revenues — — 1 — (1 ) — Net revenues 38,326 11,404 7,434 — (1 ) 57,163 Operating income (loss) 5,791 265 846 (1,535 ) — 5,367 Depreciation and amortization 896 563 94 52 — 1,605 Capital expenditures 1,098 190 31 19 — 1,338 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended September 30, 2022 Revenues from external customers $ 30,640 $ 10,190 $ 4,013 $ — $ — $ 44,843 Intersegment revenues — — 7 — (7 ) — Net revenues 30,640 10,190 4,020 — (7 ) 44,843 Operating income (loss) 372 624 (191 ) (1,322 ) (3 ) (520 ) Depreciation and amortization 852 477 98 59 — 1,486 Capital expenditures 976 64 20 — — 1,060 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Nine Months Ended September 30, 2023 Revenues from external customers $ 103,864 $ 34,347 $ 18,668 $ — $ — $ 156,879 Intersegment revenues — — 457 — (457 ) — Net revenues 103,864 34,347 19,125 — (457 ) 156,879 Operating income (loss) 12,448 1,194 2,311 (7,091 ) 3 8,865 Depreciation and amortization 2,610 1,715 280 167 — 4,772 Capital expenditures 3,916 1,314 49 36 — 5,315 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Nine Months Ended September 30, 2022 Revenues from external customers $ 93,486 $ 30,874 $ 12,339 $ — $ — $ 136,699 Intersegment revenues — 16 803 — (819 ) — Net revenues 93,486 30,890 13,142 — (819 ) 136,699 Operating loss (11 ) (73 ) (368 ) (4,050 ) (3 ) (4,505 ) Depreciation and amortization 2,593 1,507 299 182 — 4,581 Capital expenditures 2,176 540 38 3 — 2,757 Total Assets as of September 30, December 31, Segments: 2023 2022 Heavy Fabrications $ 75,431 $ 45,475 Gearing 51,891 51,944 Industrial Solutions 14,094 12,775 Corporate 74,995 62,809 Eliminations (51,812 ) (28,463 ) $ 164,599 $ 144,540

Note 16 - Commitments and Conti

Note 16 - Commitments and Contingencies	9 Months Ended
	Sep. 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 nine September 30, 2023 2022 For the Nine Months Ended September 30, 2023 2022 Balance at beginning of period $ 17 $ 47 Bad debt expense 59 — Write-offs (38 ) (8 ) Other adjustments (5 ) (10 ) Balance at end of period $ 33 $ 29 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 September 30, 2023 December 31, 2022.

Note 17 - Subsequent Events

Note 17 - Subsequent Events	9 Months Ended
	Sep. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 17 SUBSEQUENT EVENTS In January 2023, 2023 2024. November 2023, 2024 2025,

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Heavy Fabrications $ 38,326 $ 30,640 $ 103,864 $ 93,486 Gearing 11,404 10,190 34,347 30,890 Industrial Solutions 7,434 4,020 19,125 13,142 Eliminations (1 ) (7 ) (457 ) (819 ) Consolidated $ 57,163 $ 44,843 $ 156,879 $ 136,699

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Basic earnings per share calculation: Net income (loss) $ 4,394 $ (1,772 ) $ 6,578 $ (6,879 ) Weighted average number of common shares outstanding 21,336,957 20,505,884 21,100,876 20,155,548 Basic net income (loss) per share $ 0.21 $ (0.09 ) $ 0.31 $ (0.34 ) Diluted earnings per share calculation: Net income (loss) $ 4,394 $ (1,772 ) $ 6,578 $ (6,879 ) Weighted average number of common shares outstanding 21,336,957 20,505,884 21,100,876 20,155,548 Common stock equivalents: Non-vested stock awards (1) 237,054 — 350,197 — Weighted average number of common shares outstanding 21,574,011 20,505,884 21,451,073 20,155,548 Diluted net income (loss) per share $ 0.20 $ (0.09 ) $ 0.31 $ (0.34 )

Note 4 - Inventories (Tables)

Note 4 - Inventories (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2023 2022 Raw materials $ 27,020 $ 27,644 Work-in-process 10,460 13,843 Finished goods 4,824 4,916 42,304 46,403 Less: Reserve for excess and obsolete inventory (2,398 ) (2,141 ) Net inventories $ 39,906 $ 44,262

Note 6 - Intangible Assets (Tab

Note 6 - Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	September 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 (7,777 ) (7,592 ) 610 2.3 15,979 (7,581 ) (7,592 ) 806 3.1 Trade names 9,099 (7,480 ) — 1,619 4.0 9,099 (7,180 ) — 1,919 4.8 Intangible assets $ 25,248 $ (15,427 ) $ (7,592 ) $ 2,229 3.6 $ 25,248 $ (14,928 ) $ (7,592 ) $ 2,728 4.3
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	2023 $ 165 2024 661 2025 661 2026 422 2027 320 Total $ 2,229

Note 7 - Accrued Liabilities (T

Note 7 - Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	September 30, December 31, 2023 2022 Accrued payroll and benefits $ 4,397 $ 3,110 Accrued property taxes 610 17 Income taxes payable 95 26 Accrued professional fees 106 118 Accrued warranty liability 224 149 Self-insured workers compensation reserve 25 30 Long term incentive plan accrual — 619 Accrued other 781 244 Total accrued liabilities $ 6,238 $ 4,313

Note 8 - Debt and Credit Agre_2

Note 8 - Debt and Credit Agreements (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Debt [Table Text Block]	September 30, December 31, 2023 2022 Line of credit $ 18,518 $ — Other notes payable 1,401 1,094 Long-term debt 6,405 7,217 Total debt 26,324 8,311 Less: Current portion (19,762 ) (1,170 ) Long-term debt, net of current maturities $ 6,562 $ 7,141

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Schedule of Lease Quantitative Disclosure [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 229 $ 293 $ 968 $ 869 Interest on finance lease liabilities 108 82 292 259 Total finance lease costs 337 375 1,260 1,128 Operating lease cost components: Operating lease cost 698 716 2,091 2,119 Short-term lease cost 122 187 289 483 Variable lease cost (1) 283 218 806 669 Sublease income (49 ) (64 ) (146 ) (143 ) Total operating lease costs 1,054 1,057 3,040 3,128 Total lease cost $ 1,391 $ 1,432 $ 4,300 $ 4,256 Supplemental cash flow information related to our operating leases is as follows for the nine months ended September 30, 2023 and 2022: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 2,592 $ 2,609 Weighted-average remaining lease term-finance leases at end of period (in years) 3.4 2.5 Weighted-average remaining lease term-operating leases at end of period (in years) 7.5 8.3 Weighted-average discount rate-finance leases at end of period 6.1 % 6.0 % Weighted-average discount rate-operating leases at end of period 8.9 % 8.7 %
Finance and Operating Lease Liability Maturity [Table Text Block]	Finance Operating Leases Leases Total 2023 $ 615 $ 868 $ 1,483 2024 1,600 3,014 4,614 2025 1,193 3,080 4,273 2026 936 3,075 4,011 2027 671 3,114 3,785 2028 and thereafter 1,014 10,955 11,969 Total lease payments 6,029 24,106 30,135 Less—portion representing interest (789 ) (6,863 ) (7,652 ) Present value of lease obligations 5,240 17,243 22,483 Less—current portion of lease obligations (1,612 ) (1,660 ) (3,272 ) Long-term portion of lease obligations $ 3,628 $ 15,583 $ 19,211

Note 12 - Share-based Compens_2

Note 12 - Share-based Compensation (Tables)	9 Months Ended
	Sep. 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 September 30, 2023 791,852 $ 3.53
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Nine Months Ended September 30, 2023 2022 Share-based compensation expense: Cost of sales $ 94 $ 106 Selling, general and administrative 555 1,079 Net effect of share-based compensation expense on net income $ 649 $ 1,185 Reduction in earnings per share: Basic earnings per share $ 0.03 $ 0.06 Diluted earnings per share $ 0.03 $ 0.06

Note 15 - Segment Reporting (Ta

Note 15 - Segment Reporting (Tables)	9 Months Ended
	Sep. 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 September 30, 2023 Revenues from external customers $ 38,326 $ 11,404 $ 7,433 $ — $ — $ 57,163 Intersegment revenues — — 1 — (1 ) — Net revenues 38,326 11,404 7,434 — (1 ) 57,163 Operating income (loss) 5,791 265 846 (1,535 ) — 5,367 Depreciation and amortization 896 563 94 52 — 1,605 Capital expenditures 1,098 190 31 19 — 1,338 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Three Months Ended September 30, 2022 Revenues from external customers $ 30,640 $ 10,190 $ 4,013 $ — $ — $ 44,843 Intersegment revenues — — 7 — (7 ) — Net revenues 30,640 10,190 4,020 — (7 ) 44,843 Operating income (loss) 372 624 (191 ) (1,322 ) (3 ) (520 ) Depreciation and amortization 852 477 98 59 — 1,486 Capital expenditures 976 64 20 — — 1,060 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Nine Months Ended September 30, 2023 Revenues from external customers $ 103,864 $ 34,347 $ 18,668 $ — $ — $ 156,879 Intersegment revenues — — 457 — (457 ) — Net revenues 103,864 34,347 19,125 — (457 ) 156,879 Operating income (loss) 12,448 1,194 2,311 (7,091 ) 3 8,865 Depreciation and amortization 2,610 1,715 280 167 — 4,772 Capital expenditures 3,916 1,314 49 36 — 5,315 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Nine Months Ended September 30, 2022 Revenues from external customers $ 93,486 $ 30,874 $ 12,339 $ — $ — $ 136,699 Intersegment revenues — 16 803 — (819 ) — Net revenues 93,486 30,890 13,142 — (819 ) 136,699 Operating loss (11 ) (73 ) (368 ) (4,050 ) (3 ) (4,505 ) Depreciation and amortization 2,593 1,507 299 182 — 4,581 Capital expenditures 2,176 540 38 3 — 2,757 Total Assets as of September 30, December 31, Segments: 2023 2022 Heavy Fabrications $ 75,431 $ 45,475 Gearing 51,891 51,944 Industrial Solutions 14,094 12,775 Corporate 74,995 62,809 Eliminations (51,812 ) (28,463 ) $ 164,599 $ 144,540

Note 16 - Commitments and Con_2

Note 16 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2023
Notes Tables
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	For the Nine Months Ended September 30, 2023 2022 Balance at beginning of period $ 17 $ 47 Bad debt expense 59 — Write-offs (38 ) (8 ) Other adjustments (5 ) (10 ) Balance at end of period $ 33 $ 29

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 12, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Jan. 31, 2023	Dec. 31, 2022	Mar. 09, 2021
Revenue as Percentage of Sales Associated with New Wind Turbine Installations				51%	51%
Debt and Lease Obligation		$ 31,564		$ 31,564
Debt, Current		$ 21,374		$ 21,374
Common Stock, Par or Stated Value Per Share (in dollars per share)		$ 0.001		$ 0.001			$ 0.001
Proceeds from Issuance of Common Stock, Net				$ 0	$ 230
Accounts Receivable, Sale		$ 12,084	$ 30,662	31,081	77,099
Accounts Receivable, Sale, Discount Fees		334	$ 615	649	$ 1,110
Long-Term Contract with Customer [Member]
Contract with Customer, Asset, before Allowance for Credit Loss						$ 175,000
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
The Sales Agreement [Member] | Maximum [Member]
Value of Shares Issuable, Maximum	$ 12,000
The 2022 Credit Facility [Member]
Line of Credit, Current		24,923		24,923
Revolving Credit Facility [Member]
Line of Credit, Current		6,405		6,405
Revolving Credit Facility [Member] | The 2022 Credit Facility [Member]
Line of Credit, Current		$ 18,518		$ 18,518

Note 2 - Revenues (Details Text

Note 2 - Revenues (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer, Including Assessed Tax	$ 57,163	$ 44,843	$ 156,879	$ 136,699
Heavy Fabrications [Member] | Transferred over Time [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 1,424	$ 5,927	$ 5,285	$ 13,336

Note 2 - Revenues - Disaggregat

Note 2 - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues	$ 57,163	$ 44,843	$ 156,879	$ 136,699
Consolidation, Eliminations [Member]
Revenues	(1)	(7)	(457)	(819)
Heavy Fabrications [Member] | Operating Segments [Member]
Revenues	38,326	30,640	103,864	93,486
Gearing [Member] | Operating Segments [Member]
Revenues	11,404	10,190	34,347	30,890
Industrial Solutions [Member] | Operating Segments [Member]
Revenues	$ 7,434	$ 4,020	$ 19,125	$ 13,142

Note 3 - Earnings Per Share (De

Note 3 - Earnings Per Share (Details Textual)	9 Months Ended
	Sep. 30, 2023 shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	811,342

Note 3 - Earnings Per Share - E

Note 3 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended						9 Months Ended
		Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Net income (loss)		$ 4,394	$ 1,415	$ 769	$ (1,772)	$ (2,703)	$ (2,404)	$ 6,578	$ (6,879)
Weighted average number of common shares outstanding (in shares)		21,336,957			20,505,884			21,100,876	20,155,548
Basic net income (loss) per share (in dollars per share)		$ 0.21			$ (0.09)			$ 0.31	$ (0.34)
Non-vested stock awards (1) (in shares)	[1]	237,054			0			350,197	0
Weighted average number of common shares outstanding (in shares)		21,574,011			20,505,884			21,451,073	20,155,548
Diluted net income (loss) per share (in dollars per share)		$ 0.2			$ (0.09)			$ 0.31	$ (0.34)
[1]Restricted stock units granted and outstanding of 811,342 as of September 30, 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 and nine months ended September 30, 2022.

Note 4 - Inventories - Inventor

Note 4 - Inventories - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Raw materials	$ 27,020	$ 27,644
Work-in-process	10,460	13,843
Finished goods	4,824	4,916
Inventory, Gross	42,304	46,403
Less: Reserve for excess and obsolete inventory	(2,398)	(2,141)
Net inventories	$ 39,906	$ 44,262

Note 5 - AMP Credits (Details T

Note 5 - AMP Credits (Details Textual) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Increase (Decrease) in AMP Credit Receivable		$ 11,217	$ 0
Heavy Fabrications [Member]
Increase (Decrease) in AMP Credit Receivable	$ 4,488	$ 11,217
AMP Credit, Credit Per Watt of Wind Power Produced	0.03	0.03

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details Textual)	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	3 years 7 months 6 days	4 years 3 months 18 days
Minimum [Member]
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	2 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	Sep. 30, 2023	Dec. 31, 2022
Cost Basis	$ 25,248	$ 25,248
Accumulated Amortization	(15,427)	(14,928)
Accumulated Impairment Charges	(7,592)	(7,592)
Intangible assets, net	$ 2,229	$ 2,728
Remaining Average Amortization Period (Year)	3 years 7 months 6 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	(7,777)	(7,581)
Accumulated Impairment Charges	(7,592)	(7,592)
Intangible assets, net	$ 610	$ 806
Remaining Average Amortization Period (Year)	2 years 3 months 18 days	3 years 1 month 6 days
Trade Names [Member]
Cost Basis	$ 9,099	$ 9,099
Accumulated Amortization	(7,480)	(7,180)
Accumulated Impairment Charges	0	0
Intangible assets, net	$ 1,619	$ 1,919
Remaining Average Amortization Period (Year)	4 years	4 years 9 months 18 days

Note 6 - Intangible Assets - Es

Note 6 - Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
2023	$ 165
2024	661
2025	661
2026	422
2027	320
Total	$ 2,229	$ 2,728

Note 7 - Accrued Liabilities -

Note 7 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accrued payroll and benefits	$ 4,397	$ 3,110
Accrued property taxes	610	17
Income taxes payable	95	26
Accrued professional fees	106	118
Accrued warranty liability	224	149
Self-insured workers compensation reserve	25	30
Long term incentive plan accrual	0	619
Accrued other	781	244
Total accrued liabilities	$ 6,238	$ 4,313

Note 8 - Debt and Credit Agre_3

Note 8 - Debt and Credit Agreements (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Aug. 04, 2022
Long-Term Debt, Current Maturities	$ 19,762	$ 1,170
Development Corporation of Abilene Loan [Member]
Notes Payable	1,401	1,094
Notes Payable, Other Payables [Member]
Long-Term Debt, Current Maturities	$ 161	$ 88
Debt Instrument, Interest Rate, Stated Percentage	6%
Notes Payable, Other Payables [Member] | Minimum [Member]
Debt Instrument, Periodic Payment	$ 3
Notes Payable, Other Payables [Member] | Maximum [Member]
Debt Instrument, Periodic Payment	15
The 2022 Credit Facility [Member]
Line of Credit, Current	24,923
Line of Credit Facility, Remaining Borrowing Capacity	11,906
Revolving Credit Facility [Member]
Line of Credit, Current	$ 6,405
Debt Instrument, Interest Rate, Effective Percentage	7.82%	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	$ 368
Accumulated Amortization, Debt Issuance Costs	112
Line of Credit, Current	$ 18,518
Senior Secured Term Loan [Member]
Debt Instrument, Interest Rate, Effective Percentage	7.82%	6.80%

Note 8 - Debt and Credit Agre_4

Note 8 - Debt and Credit Agreements - Outstanding Debt Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Long-term debt	$ 26,324	$ 8,311
Less: Current portion	(19,762)	(1,170)
Long-term debt, net of current maturities	6,562	7,141
Line of Credit [Member]
Long-term debt	18,518	0
Notes Payable, Other Payables [Member]
Long-term debt	1,401	1,094
Less: Current portion	(161)	(88)
Long-Term Debt [Member]
Long-term debt	$ 6,405	$ 7,217

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 65	$ 187	$ 780	$ 1,773

Note 9 - Leases - Leases Inform

Note 9 - Leases - Leases Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Amortization of finance lease assets		$ 229	$ 293	$ 968	$ 869
Interest on finance lease liabilities		108	82	292	259
Total finance lease costs		337	375	1,260	1,128
Operating lease cost		698	716	2,091	2,119
Short-term lease cost		122	187	289	483
Variable lease cost	[1]	283	218	806	669
Sublease income		(49)	(64)	(146)	(143)
Total operating lease costs		1,054	1,057	3,040	3,128
Total lease cost		$ 1,391	$ 1,432	4,300	4,256
Operating cash outflow from operating leases				$ 2,592	$ 2,609
Weighted-average remaining lease term-finance leases at end of period (in years) (Year)		3 years 4 months 24 days	2 years 6 months	3 years 4 months 24 days	2 years 6 months
Weighted-average remaining lease term-operating leases at end of period (in years) (Year)		7 years 6 months	8 years 3 months 18 days	7 years 6 months	8 years 3 months 18 days
Weighted-average discount rate-finance leases at end of period		6.10%	6%	6.10%	6%
Weighted-average discount rate-operating leases at end of period		8.90%	8.70%	8.90%	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	Sep. 30, 2023	Dec. 31, 2022
2023, finance leases	$ 615
2023, operating leases	868
2023, total	1,483
2024, finance leases	1,600
2024, operating leases	3,014
2024, total	4,614
2025, finance leases	1,193
2025, operating leases	3,080
2025, total	4,273
2026, finance leases	936
2026, operating leases	3,075
2026, total	4,011
2027, finance leases	671
2027, operating leases	3,114
2027, total	3,785
2026 and thereafter, finance leases	1,014
2028 and thereafter, operating leases	10,955
2028 and thereafter, total	11,969
Total lease payments, finance leases	6,029
Total lease payments, operating leases	24,106
Total lease payments, total	30,135
Less—portion representing interest, finance leases	(789)
Less—portion representing interest, operating leases	(6,863)
Less—portion representing interest, total	(7,652)
Present value of lease obligations, finance leases	5,240
Present value of lease obligations, operating leases	17,243
Present value of lease obligations, total	22,483
Less—current portion of lease obligations, finance leases	(1,612)	$ (2,008)
Less—current portion of lease obligations, operating leases	(1,660)	(1,882)
Less—current portion of lease obligations, total	(3,272)
Long-term portion of lease obligations, finance leases	3,628	4,226
Long-term portion of lease obligations, operating leases	15,583	$ 16,696
Long-term portion of lease obligations, total	$ 19,211

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) $ / shares shares	Sep. 30, 2022 USD ($)
Income Tax Expense (Benefit)	$ 28	$ 14	$ 79	$ 36
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) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
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	280,175
Payment, Tax Withholding, Share-Based Payment Arrangement	$ 117	$ 546

Note 12 - Share-based Compens_4

Note 12 - Share-based Compensation - Restricted Stock Unit and Performance Award Activity (Details)	9 Months Ended
	Sep. 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	$ 4.1
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	$ 3.53

Note 12 - Share-based Compens_5

Note 12 - Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Share-based compensation expense	$ 649	$ 1,185
Basic earnings per share (in dollars per share)	$ 0.03	$ 0.06
Diluted earnings per share (in dollars per share)	$ 0.03	$ 0.06
Cost of Sales [Member]
Share-based compensation expense	$ 94	$ 106
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	$ 555	$ 1,079

Note 15 - Segment Reporting (De

Note 15 - Segment Reporting (Details Textual) - Heavy Fabrications [Member]	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Revenues from external customers	$ 57,163	$ 44,843	$ 156,879	$ 136,699
Revenue from Contract with Customer, Including Assessed Tax	57,163	44,843	156,879	136,699
Operating income (loss)	5,367	(520)	8,865	(4,505)
Depreciation and amortization	1,605	1,486	4,772	4,581
Capital expenditures	1,338	1,060	5,315	2,757
Total assets	164,599		164,599		$ 144,540
Corporate Segment [Member]
Revenues from external customers		0	0
Depreciation and amortization		59
Operating Segments [Member] | Heavy Fabrications [Member]
Revenues from external customers	38,326	30,640	103,864	93,486
Revenue from Contract with Customer, Including Assessed Tax	38,326	30,640	103,864	93,486
Operating income (loss)	5,791	372	12,448	(11)
Depreciation and amortization	896	852	2,610	2,593
Capital expenditures	1,098	976	3,916	2,176
Total assets	75,431		75,431		45,475
Operating Segments [Member] | Gearing [Member]
Revenues from external customers	11,404	10,190	34,347	30,874
Revenue from Contract with Customer, Including Assessed Tax	11,404	10,190	34,347	30,890
Operating income (loss)	265	624	1,194	(73)
Depreciation and amortization	563	477	1,715	1,507
Capital expenditures	190	64	1,314	540
Total assets	51,891		51,891		51,944
Operating Segments [Member] | Industrial Solutions [Member]
Revenues from external customers	7,433	4,013	18,668	12,339
Revenue from Contract with Customer, Including Assessed Tax	7,434	4,020	19,125	13,142
Operating income (loss)	846	(191)	2,311	(368)
Depreciation and amortization	94	98	280	299
Capital expenditures	31	20	49	38
Total assets	14,094		14,094		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)	(1,535)	(1,322)	(7,091)	(4,050)
Depreciation and amortization	52		167	182
Capital expenditures	19	0	36	3
Total assets	74,995		74,995		62,809
Consolidation, Eliminations [Member]
Revenues from external customers	0	0	0	0
Revenue from Contract with Customer, Including Assessed Tax	(1)	(7)	(457)	(819)
Operating income (loss)	0	(3)	3	(3)
Depreciation and amortization	0	0	0	0
Capital expenditures	0	0	0	0
Total assets	(51,812)		(51,812)		$ (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	0	0	16
Intersegment Eliminations [Member] | Industrial Solutions [Member]
Revenue from Contract with Customer, Including Assessed Tax	1	7	457	803
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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Balance at beginning of period	$ 17	$ 47
Bad debt expense	59	0
Write-offs	(38)	(8)
Other adjustments	(5)	(10)
Balance at end of period	$ 33	$ 29

Note 17 - Subsequent Events (De

Note 17 - Subsequent Events (Details Textual) $ in Millions	Jan. 31, 2023 USD ($)
Long-Term Contract with Customer [Member]
Contract with Customer, Asset, before Allowance for Credit Loss	$ 175