Broadwind (BWEN) 10-K 5 Mar 25 2024 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Feb. 28, 2025	Jun. 30, 2024
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	FY
Document Fiscal Year Focus	2024
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 58,970,000
Entity Common Stock, Shares Outstanding		22,319,652
Auditor Firm ID	49
Auditor Name	RSM US LLP
Auditor Location	Chicago, Illinois

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
CURRENT ASSETS:
Cash	$ 7,721	$ 1,099
Accounts receivable, net	13,454	19,231
AMP credit receivable	2,533	7,051
Contract assets	836	1,460
Inventories	39,950	37,405
Prepaid expenses and other current assets	2,374	3,500
Total current assets	66,868	69,746
LONG-TERM ASSETS:
Property and equipment, net	45,572	47,123
Operating lease right-of-use assets	13,841	15,593
Intangible assets, net	1,403	2,064
Other assets	606	630
TOTAL ASSETS	128,290	135,156
CURRENT LIABILITIES:
Line of credit and current maturities of long-term debt	1,454	5,903
Current portion of finance lease obligations	2,266	2,153
Current portion of operating lease obligations	2,115	1,851
Accounts payable	16,080	20,728
Accrued liabilities	3,605	6,477
Customer deposits	18,037	16,500
Total current liabilities	43,557	53,612
LONG-TERM LIABILITIES:
Long-term debt, net of current maturities	7,742	6,250
Long-term finance lease obligations, net of current portion	3,777	3,372
Long-term operating lease obligations, net of current portion	13,799	15,888
Other	15	15
Total long-term liabilities	25,333	25,525
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; 45,000,000 shares authorized; 22,593,589 and 21,840,301 shares issued as of December 31, 2024, and December 31, 2023, respectively	23	22
Treasury stock, at cost, 273,937 shares as of December 31, 2024 and December 31, 2023	(1,842)	(1,842)
Additional paid-in capital	401,564	399,336
Accumulated deficit	(340,345)	(341,497)
Total stockholders’ equity	59,400	56,019
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 128,290	$ 135,156

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
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)	45,000,000	45,000,000
Common stock, shares issued (in shares)	22,593,589	21,840,301
Treasury stock, common shares (in shares)	273,937	273,937

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenues	$ 143,136	$ 203,477
Cost of sales	121,947	170,969
Gross profit	21,189	32,508
OPERATING EXPENSES:
Selling, general and administrative	16,303	20,705
Intangible amortization	661	664
Total operating expenses	16,964	21,369
Operating income	4,225	11,139
OTHER (EXPENSE) INCOME, net:
Interest expense, net	(3,078)	(3,201)
Other, net	79	(48)
Total other expense, net	(2,999)	(3,249)
Net income before provision for income taxes	1,226	7,890
Provision for income taxes	74	241
NET INCOME	$ 1,152	$ 7,649
NET INCOME PER COMMON SHARE—BASIC:
Net income (in dollars per share)	$ 0.05	$ 0.36
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares)	21,895,847	21,188,669
NET INCOME PER COMMON SHARE—DILUTED:
Net income (in dollars per share)	$ 0.05	$ 0.36
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares)	21,974,629	21,491,270

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - 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, 2022	21,127,130	(273,937)
BALANCE at Dec. 31, 2022	$ 21	$ (1,842)	$ 397,240	$ (349,146)	$ 46,273
Stock issued for restricted stock (in shares)	493,327	0
Stock issued for restricted stock	$ 1	$ 0	618	0	619
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	380,247	0
Stock issued under defined contribution 401(k) retirement savings plan	$ 0	$ 0	1,336	0	1,336
Share-based compensation	$ 0	$ 0	877	0	877
Shares withheld for taxes in connection with issuance of restricted stock (in shares)	(160,403)	0
Shares withheld for taxes in connection with issuance of restricted stock	$ 0	$ 0	(735)	0	(735)
Net income	$ 0	$ 0	0	7,649	7,649
BALANCE (in shares) at Dec. 31, 2023	21,840,301	(273,937)
BALANCE at Dec. 31, 2023	$ 22	$ (1,842)	399,336	(341,497)	56,019
Stock issued for restricted stock (in shares)	240,397	0
Stock issued for restricted stock	$ 0	$ 0	0	0	0
Stock issued under defined contribution 401(k) retirement savings plan (in shares)	559,559	0
Stock issued under defined contribution 401(k) retirement savings plan	$ 1	$ 0	1,198	0	1,199
Share-based compensation	$ 0	$ 0	1,160	0	1,160
Shares withheld for taxes in connection with issuance of restricted stock (in shares)	(46,668)	0
Shares withheld for taxes in connection with issuance of restricted stock	$ 0	$ 0	(130)	0	(130)
Net income	$ 0	$ 0	0	1,152	1,152
BALANCE (in shares) at Dec. 31, 2024	22,593,589	(273,937)
BALANCE at Dec. 31, 2024	$ 23	$ (1,842)	$ 401,564	$ (340,345)	$ 59,400

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,152	$ 7,649
Adjustments to reconcile net cash provided by (used in) provided by operating activities:
Depreciation and amortization expense	6,684	6,383
Deferred income taxes	0	(10)
Stock-based compensation	1,160	877
Allowance for credit losses	(5)	82
Common stock issued under defined contribution 401(k) plan	1,199	1,336
(Gain) loss on disposal of assets	(114)	42
Changes in operating assets and liabilities:
Accounts receivable	5,782	(2,295)
AMP credit receivable	4,518	(7,051)
Contract assets	624	495
Inventories	(2,545)	6,857
Prepaid expenses and other current assets	1,126	(210)
Accounts payable	(4,392)	(6,008)
Accrued liabilities	(2,872)	2,782
Customer deposits	1,537	(18,050)
Other non-current assets and liabilities	(48)	175
Net cash provided by (used in) operating activities	13,806	(6,946)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(3,618)	(6,405)
Proceeds from disposals of property and equipment	159	21
Net cash used in investing activities	(3,459)	(6,384)
CASH FLOWS FROM FINANCING ACTIVITIES:
(Payments on) proceeds from line of credit, net	(4,637)	4,705
Payments for deferred financing costs	(20)	(48)
Proceeds from long-term debt	4,107	1,056
Payments on long-term debt	(1,399)	(1,872)
Principal payments on finance leases	(1,646)	(1,409)
Shares withheld for taxes in connection with issuance of restricted stock	(130)	(735)
Net cash (used in) provided by financing activities	(3,725)	1,697
NET INCREASE (DECREASE) IN CASH	6,622	(11,633)
CASH beginning of the period	1,099	12,732
CASH end of the period	7,721	1,099
Supplemental cash flow information:
Interest paid	1,555	2,073
Income taxes paid	192	17
Non-cash investing and financing activities:
Equipment additions via finance lease	1,376	719
Non-cash purchases of property and equipment	257	482
Settlement of incentive compensation liability with stock	$ 0	$ 619

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2024
Insider Trading Arr Line Items
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	1C. Risk Management and Strategy We rely on information systems to obtain, rapidly process, analyze, and manage data in order to effectively operate our business. We are committed to protecting our business information, intellectual property, customer, supplier and employee data and information systems from cybersecurity risks and maintain an active cybersecurity risk management program. We maintain enterprise-wide information security policies, processes and standards that set the requirements around acceptable use of information systems and data, risk assessment and management, identity and access management, data security, security operations, security incident response and threat and vulnerability management. We work to align to the National Institute of Standards and Technology (NIST) 800-171 Cybersecurity Framework, as its program controls are designed to protect and maintain confidentiality, integrity, and continued availability of our data and information systems. Our team of information system professionals and third-party providers monitors our information systems for cybersecurity threats, breaches, intrusions and other weaknesses, responds to cybersecurity incidents, develops and implements plans to mitigate cybersecurity threats and facilitates training for our employees. We also engage consultants and other third third gain For more information on the Company’s cybersecurity-related risks, see Item 1A, Risk Factors, of this Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We maintain enterprise-wide information security policies, processes and standards that set the requirements around acceptable use of information systems and data, risk assessment and management, identity and access management, data security, security operations, security incident response and threat and vulnerability management. We work to align to the National Institute of Standards and Technology (NIST) 800-171 Cybersecurity Framework, as its program controls are designed to protect and maintain confidentiality, integrity, and continued availability of our data and information systems. Our team of information system professionals and third-party providers monitors our information systems for cybersecurity threats, breaches, intrusions and other weaknesses, responds to cybersecurity incidents, develops and implements plans to mitigate cybersecurity threats and facilitates training for our employees.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	For more information on the Company’s cybersecurity-related risks, see Item 1A, Risk Factors, of this Form 10-K.
Cybersecurity Risk Board of Directors Oversight [Text Block]	Governance Management plays a critical role in assessing and managing material risks from cybersecurity threats. Our Director of Information Technology leads an internal team and works directly with our third-party information security professionals to manage our cybersecurity risk management program and activities. This includes monitoring our information systems for cybersecurity threats, reviewing cybersecurity incidents, analyzing emerging threats, and the development and implementation of risk mitigation strategies. Our Director of Information Technology reports directly to our executive leadership team on cybersecurity matters, providing the leadership team with updates on enterprise risks, cybersecurity incidents, the status of ongoing initiatives, key metrics, and additional cybersecurity topics. Our information technology team, led by the Director of Information Technology, meets regularly to discuss the progress of ongoing program initiatives, cybersecurity priorities, identified risks and metrics. The Board of Directors exercises direct oversight of strategic risks to the Company. The Board has delegated the responsibility for cybersecurity oversight to the Audit Committee. The Audit Committee’s responsibilities include reviewing and discussing with management the strategies, process and controls pertaining to the management of information technology operations, including cybersecurity risks and information security. The Director of Information Technology reports to the Audit Committee annually and more frequently, as needed, on cybersecurity matters, including the cybersecurity threat landscape, key metrics demonstrating the overall management of our cybersecurity risk and risk management program, related key initiatives, enterprise program framework alignment, annual risk mitigation strategy, and review of cybersecurity incidents. Our Board is committed to maintaining a well-informed and cybersecurity-aware posture, engaging through regular and requested updates on our strategy and evolving threat landscape.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board of Directors exercises direct oversight of strategic risks to the Company. The Board has delegated the responsibility for cybersecurity oversight to the Audit Committee. The Audit Committee’s responsibilities include reviewing and discussing with management the strategies, process and controls pertaining to the management of information technology operations, including cybersecurity risks and information security. The Director of Information Technology reports to the Audit Committee annually and more frequently, as needed, on cybersecurity matters, including the cybersecurity threat landscape, key metrics demonstrating the overall management of our cybersecurity risk and risk management program, related key initiatives, enterprise program framework alignment, annual risk mitigation strategy, and review of cybersecurity incidents. Our Board is committed to maintaining a well-informed and cybersecurity-aware posture, engaging through regular and requested updates on our strategy and evolving threat landscape.
Cybersecurity Risk Role of Management [Text Block]	Management plays a critical role in assessing and managing material risks from cybersecurity threats. Our Director of Information Technology leads an internal team and works directly with our third-party information security professionals to manage our cybersecurity risk management program and activities. This includes monitoring our information systems for cybersecurity threats, reviewing cybersecurity incidents, analyzing emerging threats, and the development and implementation of risk mitigation strategies.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our Director of Information Technology reports directly to our executive leadership team on cybersecurity matters, providing the leadership team with updates on enterprise risks, cybersecurity incidents, the status of ongoing initiatives, key metrics, and additional cybersecurity topics. Our information technology team, led by the Director of Information Technology, meets regularly to discuss the progress of ongoing program initiatives, cybersecurity priorities, identified risks and metrics.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Note 1 - Description of Busines

Note 1 - Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	1. Description of Business Broadwind, Inc. (the “Company”) is a precision manufacturer of structures, equipment and components for clean tech 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 most significant presence is within the U.S. wind energy industry, although the Company has increasingly diversified into other industrial markets. Within the U.S. wind energy industry, the Company provides products primarily to turbine manufacturers. The Company also provides precision gearing and heavy fabrications to a broad range of industrial customers for oil and gas (“O&G”), mining, steel and other industrial applications, in addition to supplying components for natural gas turbines. The Company has three reportable operating segments: Heavy Fabrications, Gearing, and Industrial Solutions. 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 concentrations, 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 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 (1650 tower sections), sufficient to support turbines generating more than 1.7 3 Gearing The Company provides gearing, gearboxes and precision machined components to a broad set of customers in diverse markets including; surface and underground mining, wind energy, steel, material handling, infrastructure, onshore and offshore O&G fracking and drilling, marine, defense, and other industrial markets. The Company has manufactured loose gearing, gearboxes and systems, and provided heat treat services for aftermarket and OEM applications for a century. The Company uses an integrated manufacturing process, which includes machining and finishing processes in addition to gearbox repair 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. The Company has recently expanded into the U.S. wind power generation market, by providing tower internals kitting solutions for on-site installations, as OEMs domesticate their supply chain due to lead time and reliability issues. The Company leverages a global supply chain to provide instrumentation & controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes & wiring, and electromechanical devices. The Company also provides packaging solutions and fabricates panels and sub-assemblies to reduce customers’ costs, improve manufacturing velocity and reliability. Liquidity The Company meets its short term liquidity needs through cash generated from operations, its available cash balances, through its 2022 10 3 7 2022 2022 December 31, 2024 2022 December 31, 2024 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 years ended December 31, 2024 December 31, 2023 Debt and finance lease obligations at December 31, 2024 2022 December 31, 2024 On September 22, 2023, 3, October 12, 2023 ( 3” October 12, 2023. October 12, 2026 one On September 12, 2022, may December 31, 2022, No December 31, 2024 2023. December 31, 2024 3 424 In January 2023, 2023 2024. November 2023, 2024 2025, The Company anticipates that current cash resources, amounts available under the 2022 3, twelve Reclassifications Certain prior year amounts, which are not Summary of Significant Accounting Policies Management’s Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (“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 inventory reserves, warranty reserves, impairment of long-lived assets, allowance for credit losses, 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 Cash As of December 31, 2024 December 31, 2023 December 31, 2024 2023 Revenue Recognition Revenues are generally recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Control is typically transferred upon shipment or delivery depending on the terms of the contract or under the terms of the bill and hold arrangements discussed below. A performance obligation is a promise in a contract to transfer a distinct product or service to the customer. Customer deposits, deferred revenue and other receipts are deferred and recognized when the revenue is realized and earned. Cash payments to customers are presumed to be classified as reductions of revenue in the Company’s statement of operations. For substantially all tower sales within the Company’s Heavy Fabrications segment, as well as certain sales within our Gearing segment, products are sold under terms included in bill and hold sales arrangements that result in different timing for revenue recognition versus shipment. 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 2024 2023 no not not Cost of Sales Cost of sales represents all direct and indirect costs associated with the production of products for sale to customers. These costs include operation, repair and maintenance of equipment, materials, direct and indirect labor and benefit costs, rent and utilities, maintenance, insurance, equipment rentals, freight, and depreciation. AMP credits and related discounts and administrative fees are also recognized in cost of sales. See “AMP Credits” discussion below in this “Summary of Significant Accounting Policies” for further details. Selling, General and Administrative Expenses Selling, general and administrative (“SG&A”) expenses include all corporate and administrative functions such as sales and marketing, legal, human resource management, finance, investor and public relations, information technology and senior management. These functions serve to support the Company’s current and future operations and provide an infrastructure to support future growth. Major expense items in this category include management and staff wages and benefits, share-based compensation and professional services. Accounts Receivable (A/R) The Company generally grants uncollateralized credit to customers on an individual basis based upon the customer’s financial condition and credit history. Credit is typically on net 30 Historically, the Company’s A/R is highly concentrated with a select number of customers. During the year ended December 31, 2024 December 31, 2023 The Company had an accounts receivable balance of $17,018 at December 31, 2022. Allowance for Credit Losses  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 customers. 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 years ended December 31, 2024 2023 not The Company monitors its collections and write-off experience to assess whether or not may may AMP Credits The Company accounts for government assistance that is not 740 20, third Inventories Inventories are stated at the lower of cost or net realizable value. Net realizable value is the value that can be realized upon the sale of the inventory less a reasonable estimate of selling costs. Cost is determined either based on the first first Inventories consist of raw materials, work-in-process and finished goods. Raw materials consist of components and parts for general production use. Work-in-process consists of labor and overhead, processing costs, purchased subcomponents and materials purchased for specific customer orders. Finished goods consist of components purchased from third Long-Lived Assets Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment is recognized using the straight-line method over the estimated useful lives of the related assets for financial reporting purposes, and generally using an accelerated method for income tax reporting purposes. Depreciation expense related to property and equipment for the years ended December 31, 2024 2023 not The Company reviews property and equipment and other long-lived assets (“long-lived assets”) for impairment whenever events or circumstances indicate that carrying amounts may not first In evaluating the recoverability of long-lived assets, the Company must make assumptions regarding estimated future cash flows and other factors to determine the fair value of such assets. If the Company’s fair value estimates or related assumptions change in the future, the Company may 8, Leases The Company leases various property and equipment under operating lease arrangements. The Company recognizes operating lease assets and liabilities on the balance sheet. Rent expense for these types of leases is recognized on a straight-line basis over the lease term. In addition, the Company has entered into finance lease arrangements to finance property and equipment and assumed finance lease obligations in connection with certain acquisitions. The cost basis and accumulated amortization of assets recorded under finance leases are included in property and equipment, while the liabilities are included in finance lease obligations. Warranty Liability The Company provides warranty terms that generally range from one five third December 31, 2024 2023 As of December 31, 2024 2023 Balance, beginning of period $ 322 $ 149 Increase of warranty reserve 15 206 Warranty claims (7 ) (19 ) Other adjustments (163 ) (14 ) Balance, end of period $ 167 $ 322 Income Taxes The Company accounts for income taxes based upon an asset and liability approach. Deferred tax assets and liabilities represent the future tax consequences of the differences between the financial statement carrying amounts of assets and liabilities versus the tax basis of assets and liabilities. Under this method, deferred tax assets are recognized for deductible temporary differences, and operating loss and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not In connection with the preparation of its consolidated financial statements, the Company is required to estimate its income tax liability for each of the tax jurisdictions in which the Company operates. This process involves estimating the Company’s actual current income tax expense and assessing temporary differences resulting from differing treatment of certain income or expense items for income tax reporting and financial reporting purposes. The Company also recognizes as deferred income tax assets the expected future income tax benefits of net operating loss (“NOL”) carryforwards. In evaluating the realizability of deferred income tax assets associated with NOL carryforwards, the Company considers, among other things, expected future taxable income, the expected timing of the reversals of existing temporary reporting differences and the expected impact of tax planning strategies that may The Company also accounts for the uncertainty in income taxes related to the recognition and measurement of a tax position taken or expected to be taken in an income tax return. The Company follows the applicable pronouncement guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition related to the uncertainty in these income tax positions. Share-Based Compensation The Company grants restricted stock units (“RSUs”) and/or performance awards (“PSUs”) to certain officers, directors, and employees. The Company accounts for share-based compensation related to these awards based on the estimated fair value of the equity award and recognizes expense ratably over the required vesting term of the award. The expense associated with PSUs is also based on the probability of achieving embedded targets. Awards that are based on a fixed number of shares are treated as equity while awards that are based on a fixed amount of dollars are treated as liabilities. See Note 15 Net Income Per Share The Company presents both basic and diluted net income (loss) per share. Basic net income (loss) per share is based solely upon the weighted average number of common shares outstanding and excludes any dilutive effects of restricted stock, options, warrants and convertible securities. Diluted net income (loss) per share is based upon the weighted average number of common shares and common-share equivalents outstanding during the year excluding those common-share equivalents where the impact to basic net income (loss) per share would be anti-dilutive.

Note 2 - Revenues

Note 2 - Revenues	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	2. Revenues are recognized when control of the promised goods or services is 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 years ended December 31, 2024 2023 Year Ended December 31, 2024 2023 Heavy Fabrications $ 82,657 $ 133,368 Gearing 35,588 45,408 Industrial Solutions 26,056 25,159 Eliminations (1,165 ) (458 ) Consolidated $ 143,136 $ 203,477 The Company’s revenue is generally recognized at a point in time, typically when control of the promised goods or services is transferred to its customers in an amount that reflects the consideration it expects to be entitled to in exchange for those goods or services. For substantially all tower sales within the Company’s Heavy Fabrications segment as well as certain sales within our Gearing segment, products are sold under terms included in bill and hold sales arrangements that result in different timing for revenue recognition versus shipment. The Company recognizes revenue under these arrangements only when there is a substantive reason for the arrangement, the ordered goods are identified separately as belonging to the customer and not not December 31, 2024 2023, During the years ended December 31, 2024 2023 no December 31, 2024 2023 not not December 31, 2022 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 - Net Income Per Share

Note 3 - Net Income Per Share	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	3 . NET INCOME PER SHARE The following table presents a reconciliation of basic and diluted income per share for the years ended December 31, 2024 2023 For the Years Ended December 31, 2024 2023 Basic income per share calculation: Net income $ 1,152 $ 7,649 Weighted average number of common shares outstanding 21,895,847 21,188,669 Basic net income per share $ 0.05 $ 0.36 Diluted income per share calculation: Net income $ 1,152 $ 7,649 Weighted average number of common shares outstanding 21,895,847 21,188,669 Common stock equivalents: Non-vested stock awards 78,782 302,601 Weighted average number of common shares outstanding 21,974,629 21,491,270 Diluted net income per share $ 0.05 $ 0.36

Note 4 - Recent Accounting Pron

Note 4 - Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	4. 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 November 2023, No. 2023 07, 280 December 31, 2024, January 1, 2025. December 31, 2024. 16 In December 2023, No. 2023 09, 740 December 31, 2025. not In November 2024, No. 2024 03,“Income 220 40 December 15, 2026.

Note 5 - Allowance for Credit L

Note 5 - Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	5 . ALLOWANCE FOR CREDIT LOSSES The activity in the accounts receivable allowance from operations for the years ended December 31, 2024 2023 For the Year Ended December 31, 2024 2023 Balance at beginning of period $ 99 $ 17 Bad debt expense — 127 Write-offs — (47 ) Other adjustments (5 ) 2 Balance at end of period $ 94 $ 99

Note 6 - Inventories

Note 6 - Inventories	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Inventory Disclosure [Text Block]	6. The components of inventories as of December 31, 2024 2023 As of December 31, 2024 2023 Raw materials $ 19,651 $ 24,651 Work-in-process 9,945 10,390 Finished goods 12,517 4,595 42,113 39,636 Less: Reserve (2,163 ) (2,231 ) Net inventories $ 39,950 $ 37,405

Note 7 - AMP Credits

Note 7 - AMP Credits	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Advanced Manufacturing Production Tax Credits [Text Block]	7. CREDITS During 2024 2023, August 16, 2022. 2023 2032. third December 31, 2024 2023. December 31, 2024 2023. On December 21, 2023, 2023 2024 third 2023 2023 first 2024. December 31, 2023. During 2024,

Note 8 - Long-lived Assets

Note 8 - Long-lived Assets	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Property, Plant, and Equipment and Intangible Assets [Text Block]	8. The cost basis and estimated lives of property and equipment as of December 31, 2024 2023 As of December 31, 2024 2023 Life (in years) Land $ 1,423 $ 1,423 Buildings 22,719 22,111 39 Machinery and equipment 128,329 125,107 2 - 10 Office furniture and equipment 5,996 5,962 3 - 7 Leasehold improvements 9,110 9,068 Shorter of asset life or life of lease Construction in progress 836 3,526 168,413 167,197 Less accumulated depreciation and amortization (122,841 ) (120,074 ) Total property and equipment $ 45,572 $ 47,123 As of December 31, 2024 During the years ended December 31, 2024 2023, not December 31, 2024 2023. As of December 31, 2024 2023 December 31, 2024 December 31, 2023 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 $ (170 ) $ — $ — — Customer relationships 15,979 (8,103 ) (7,592 ) 284 1.1 15,979 (7,842 ) (7,592 ) 545 2.1 Trade names 9,099 (7,980 ) — 1,119 2.8 9,099 (7,580 ) — 1,519 3.8 Intangible assets $ 25,248 $ (16,253 ) $ (7,592 ) $ 1,403 2.5 $ 25,248 $ (15,592 ) $ (7,592 ) $ 2,064 3.3 Intangible assets represent the fair value assigned to definite-lived assets such as trade names and customer relationships. Estimated useful lives for intangibles assets range from 6 20 December 31, 2024 2023 December 31, 2024 2025 $ 661 2026 422 2027 320 Total $ 1,403

Note 9 - Accrued Liabilities

Note 9 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	9. Accrued liabilities as of December 31, 2024 2023 December 31, December 31, 2024 2023 Accrued payroll and benefits $ 2,968 $ 5,051 Income taxes payable 137 254 Accrued professional fees 81 140 Accrued warranty liability 167 322 Self-insured workers compensation reserve 10 21 Accrued sales tax 6 310 Accrued other 236 379 Total accrued liabilities $ 3,605 $ 6,477

Note 10 - Debt and Credit Agree

Note 10 - Debt and Credit Agreements	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	10. The Company’s outstanding debt balances as of December 31, 2024 2023 December 31, 2024 2023 Line of credit $ — $ 4,657 Other notes payable 1,618 1,361 Long-term debt 7,578 6,135 Total debt 9,196 12,153 Less: current maturities (1,454 ) (5,903 ) Long-term debt, net of current maturities $ 7,742 $ 6,250 As of December 31, 2024 2025 $ 1,454 2026 1,478 2027 5,835 2028 382 2029 47 Total $ 9,196 Credit Facilities On August 4, 2022, “2022 may “2022 2022 2022 December 31, 2024 December 31, 2023 December 31, 2024 December 31, 2023 On February 8, 2023, No. 1 fourth 2022 December 31, 2023 2022 twelve January 31, 2024 June 30, 2024 twelve twelve March 31, 2023, June 30, 2023, September 30, 2023, December 31, 2023. On December 19, 2024, No. 2 1 84 2 2022 1.1:1.0 1.0:1.0 twelve January 31, 2024 December 31, 2025. The 2022 August 4, 2027. August 4, 2027, 84 As of December 31, 2024 2022 December 31, 2024 2022 December 31, 2024 December 31, 2023 Other The Company has outstanding notes payable for capital expenditures in the amount of $1,618 and $1,361 as of December 31, 2024 2023 December 31, 2024 2023 September 2028 June 2029.

Note 11 - Leases

Note 11 - Leases	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Lessee Operating and Finance Leases [Text Block]	11. The Company leases various property and equipment under operating lease arrangements. The Company recognizes operating lease assets and liabilities on the balance sheet and discloses key information regarding leasing arrangements. The Company has elected to apply the short-term lease exception to all leases of one As of December 31, 2024 December 31, 2023 842 Lease terms generally range from 3 to 15 not not December 31, 2024 2023 In addition, the Company has entered into finance lease arrangements to finance property and equipment and assumed finance lease obligations in connection with certain acquisitions. The related assets are included in the “Property and equipment, net” line item of these consolidated financial statements and the liabilities are included in the “Current portion of finance lease obligations” line item and “Long-term finance lease obligations, net of current portion” line item of these consolidated financial statements. Finance lease cost for the years ended December 31, 2024 2023 Amortization expense recorded in connection with assets recorded under finance leases was $1,473 December 31, 2024 2023 Quantitative information regarding the Company’s leases is as follows: Year Ended December 31, 2024 2023 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 1,473 $ 1,263 Interest on finance lease liabilities 473 527 Total finance lease costs 1,946 1,790 Operating lease cost components: Operating lease cost 2,694 2,792 Short-term lease cost 192 361 Variable lease cost (1) 1,524 1,260 Sublease income (200 ) (212 ) Total operating lease costs 4,210 4,201 Total lease cost $ 6,156 $ 5,991 Supplemental cash flow information related to our operating leases is as follows for the twelve months ended December 31, 2024 and 2023: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 3,359 $ 3,460 Right-of-use assets obtained in exchange for new operating lease liabilities $ 29 $ 983 Weighted-average remaining lease term-finance leases at end of period (in years) 2.8 3.2 Weighted-average remaining lease term-operating leases at end of period (in years) 6.2 7.1 Weighted-average discount rate-finance leases at end of period 5.3 % 6.1 % Weighted-average discount rate-operating leases at end of period 8.9 % 8.5 % ( 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. Amortization associated with new right-of-use assets obtained in exchange for new operating lease liabilities is $4 December 31, 2024 2023 As of December 31, 2024 Finance Operating Leases Leases Total 2025 $ 2,581 $ 3,455 $ 6,036 2026 1,508 3,449 4,957 2027 1,212 3,151 4,363 2028 952 3,160 4,112 2029 526 3,187 3,713 2030 and thereafter — 4,618 4,618 Total lease payments 6,779 21,020 27,799 Less—portion representing interest (736 ) (5,106 ) (5,842 ) Present value of lease obligations 6,043 15,914 21,957 Less—current portion of lease obligations (2,266 ) (2,115 ) (4,381 ) Long-term portion of lease obligations $ 3,777 $ 13,799 $ 17,576

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	12. Legal Proceedings The Company is party to a variety of legal proceedings or claims that arise in the ordinary course of its business. The Company accrues for costs related to loss contingencies when such costs are probable and reasonably estimable. As of December 31, 2024 not no no not one 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. Also, certain environmental laws can impose the entire cost or a portion of the cost of investigating and cleaning up a contaminated site, regardless of fault, upon any one may 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. Warranty Liability The Company provides warranty terms that generally range from one five third 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 dependent on actual losses sustained by the customer. When the damages are determined to be probable and estimable, the damages are recorded as a reduction to revenue. There was no December 31, 2024 December 31, 2023 Workers’ Compensation Reserves The Company entered into a guaranteed workers’ compensation cost program during 2016. 2016 may may not Health Insurance Reserves As of December 31, 2024 2023 not may may Other As of December 31, 2024 two November 2022, four October 2026. four February 2022 February 2026.

Note 13 - Fair Value Measuremen

Note 13 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	13 . FAIR VALUE MEASUREMENTS The Company measures its financial assets and liabilities at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., exit price) in an orderly transaction between market participants at the measurement date. Additionally, 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 Fair value of financial instruments The carrying amounts of the Company’s financial instruments, which include cash, A/R, 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.

Note 14 - Income Taxes

Note 14 - Income Taxes	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14. The provision for income taxes for the years ended December 31, 2024 2023 For the Years Ended Year Ended December 31, 2024 2023 Current provision Federal $ — $ — State 74 251 Total current provision 74 251 Deferred provision Federal (1,194 ) (1,758 ) State (84 ) (209 ) Total deferred provision (1,278 ) (1,967 ) Increase in deferred tax valuation allowance 1,278 1,957 Total provision for income taxes $ 74 $ 241 During the year ended December 31, 2024 December 31, 2023 August 16, 2022, 2023 2032. no The total change in the deferred tax valuation allowance was $1,278 December 31, 2024 2023 2024 2023 The tax effects of the temporary differences and NOLs that give rise to significant portions of deferred tax assets and liabilities are as follows: As of Year Ended December 31, 2024 2023 Noncurrent deferred income tax assets: Net operating loss carryforwards $ 76,361 $ 75,235 Accrual and reserves 4,721 4,637 Leases 3,106 3,532 Other 6 4 Total noncurrent deferred tax assets 84,194 83,408 Valuation allowance (77,794 ) (76,516 ) Noncurrent deferred tax assets, net of valuation allowance 6,400 6,892 Noncurrent deferred income tax liabilities: Fixed assets 2,480 2,364 Intangible assets 325 487 Leases 3,570 4,016 Total noncurrent deferred tax liabilities 6,375 6,867 Net deferred income tax asset $ 25 $ 25 Valuation allowances of $77,794 and $76,516 have been provided for deferred income tax assets for which realization is uncertain as of December 31, 2024 2023 Valuation allowance as of December 31, 2023 $ (76,516 ) Gross increase for current year activity (1,278 ) Valuation allowance as of Balance at December 31, 2024 $ (77,794 ) As of December 31, 2024 2026. 2028 2037. January 1, 2018 not The reconciliation between the statutory U.S. federal income tax rate and the Company’s effective income tax rate is as follows: For the Year Ended December 31, 2024 2023 Statutory U.S. federal income tax rate 21.0 % 21.0 % State and local income taxes, net of federal income tax benefit (3.7 ) 0.6 Other permanent differences 5.8 0.4 Change in valuation allowance 104.3 22.8 162(m) 0.0 0.5 Other 3.4 0.2 Other deferred adjustment 26.4 (7.5 ) AMP credits (151.2 ) (35.2 ) Effective income tax rate 6.0 % 2.8 % The Company accounts for the uncertainty in income taxes by prescribing a minimum recognition threshold for a tax position taken, or expected to be taken, in a tax return that is required to be met before being recognized in the financial statements. The Company recognizes interest and penalties related to uncertain tax positions as income tax expense. As of December 31, 2024 no The Company files income tax returns in the U.S. federal and state jurisdictions. As of December 31, 2024 no December 31, 2019; may 2008 2009 2011 no Section 382 1986, may may 382, 2010. In February 2013, February 2016 382 February 7, 2019, three 2019 April 23, 2019 ( “2019 February 3, 2022, three 2022 February 3, 2025, three 2025 The Rights Plan is intended to act as a deterrent to any person or group, together with its affiliates and associates, being or 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 one February 12, 2013 not

Note 15 - Share-based Compensat

Note 15 - Share-based Compensation	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	15. Overview of Share-Based Compensation Plan The Company has granted equity awards pursuant to previously Board approved equity incentive plans. Most recently, the Company has granted equity awards pursuant to the Broadwind Energy, Inc. 2015 February 2015 April 2015. February 19, 2019, 2015 “2015 2015 2015 2019 February 7, 2021, 2015 2015 2015 2021 March 2, 2023, 2015 2015 2015 2023 The purposes of the Company’s equity incentive plans are (a) to align the interests of the Company’s stockholders and recipients of awards by increasing the proprietary interest of such recipients in the Company’s growth and success; (b) to advance the interests of the Company by attracting and retaining officers, other employees, non-employee directors and independent contractors; and (c) to motivate such persons to act in the long-term best interests of the Company and its stockholders. Under the 2015 may 422 Stock Options. 2015 may one five ten Restricted Stock Units (RSUs). 2015 one five Performance Awards (PSUs). 2015 The 2015 December 31, 2024 2015 There was no stock option activity during the years ended December 31, 2024 2023 no December 31, 2024 2023 The following table summarizes information with respect to outstanding RSUs and PSUs accounted for as equity awards as of December 31, 2024 2023 Weighted Average Grant-Date Fair Value Number of Shares Per Share Unvested as of December 31, 2023 687,206 $ 3.03 Granted 456,370 $ 2.72 Vested (240,397 ) $ 3.41 Forfeited (79,371 ) $ 2.88 Unvested as of December 31, 2024 823,808 $ 2.96 RSUs and PSUs are generally subject to ratable vesting over a three December 31, 2024 2023 25%, The following table summarizes share-based compensation expense, net of taxes withheld, included in the Company’s consolidated statements of operations for the years ended December 31, 2024 2023 For the Years Ended December 31, 2024 2023 Share-based compensation expense: Cost of sales $ 68 $ 118 Selling, general and administrative 1,092 759 Net effect of share-based compensation expense on net income $ 1,160 $ 877 Reduction in earnings per share: Basic earnings per share $ 0.05 $ 0.04 Diluted earnings per share $ 0.05 $ 0.04 ( 1 Income tax benefit is not not December 31, 2024 2023 As of December 31, 2024 2026.

Note 16 - Segment Reporting

Note 16 - Segment Reporting	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	16. The Company is organized into reportable 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 (“CODM”). The Company’s CODM has been identified as the Chief Executive Officer and President, who reviews operating income by segment in relation to total operating income to make decisions about allocating resources and assessing performance. The Company’s segments and their product 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 concentrations, 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 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 (1650 tower sections), sufficient to support turbines generating more than 1.7 3 Gearing The Company provides gearing, gearboxes and precision machined components to a broad set of customers in diverse markets including; surface and underground mining, wind energy, steel, material handling, infrastructure, onshore and offshore oil and gas fracking and drilling, marine, defense, and other industrial markets. The Company has manufactured loose gearing, gearboxes and systems, and provided heat treat services for aftermarket and OEM applications for a century. The Company uses an integrated manufacturing process, which includes machining and finishing processes in addition to gearbox repair 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. The Company has recently expanded into the U.S. wind power generation market, by providing tower internals kitting solutions for on-site installations, as OEMs domesticate their supply chain due to lead time and reliability issues. The Company leverages a global supply chain to provide instrumentation & controls, valve assemblies, sensor devices, fuel system components, electrical junction boxes & wiring, and electromechanical devices. The Company also provides packaging solutions and fabricates panels and sub-assemblies to reduce customers’ costs, improve manufacturing velocity and reliability. Corporate and Other “Corporate” includes the assets and SG&A 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, Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Year Ended December 31, 2024 Revenues from external customers $ 82,657 35,588 24,891 — — $ 143,136 Intersegment revenues — — 1,165 — (1,165 ) — Net revenues 82,657 35,588 26,056 — (1,165 ) 143,136 Direct materials 46,398 8,797 14,867 — * 70,062 Direct labor 11,356 5,797 * — — 17,153 Indirect labor 10,575 4,972 1,711 — — 17,258 Variable overhead * 4,397 1,861 — — 6,258 AMP credits (8,819 ) — — — — (8,819 ) Salaries and benefits * * * 2,332 — 2,332 Share-based compensation * * * 859 — 859 Depreciation and amortization 3,938 2,183 427 136 — 6,684 All other expenses (1) 12,081 9,580 3,925 2,703 (1,165 ) 27,124 Operating income (loss) 7,128 (138 ) 3,265 (6,030 ) — 4,225 Capital expenditures 1,617 1,554 397 50 — 3,618 Total assets 43,035 41,406 14,864 48,488 (19,503 ) 128,290 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Year Ended December 31, 2023 Revenues from external customers $ 133,368 45,408 24,701 — — $ 203,477 Intersegment revenues — — 458 — (458 ) — Net revenues 133,368 45,408 25,159 — (458 ) 203,477 Direct materials 76,769 13,819 14,460 — * 105,048 Direct labor 17,084 6,993 * — — 24,077 Indirect labor 13,202 6,085 1,379 — — 20,666 Variable overhead * 5,499 1,973 — — 7,472 AMP credits (13,354 ) — — — — (13,354 ) Salaries and benefits * * * 2,646 — 2,646 Share-based compensation * * * 634 — 634 Depreciation and amortization 3,517 2,270 380 216 — 6,383 All other expenses (1) 21,144 8,896 3,807 5,388 (469 ) 38,766 Operating income (loss) 15,006 1,846 3,160 (8,884 ) 11 11,139 Capital expenditures 4,739 1,398 214 54 — 6,405 Total assets 46,931 48,599 16,295 58,487 (35,156 ) 135,156 * Line item not No. 2023 07 ( 1 Heavy Fabrications Gearing Industrial Solutions Corporate The Company generates revenues entirely from transactions completed in the U.S. and its long-lived assets are all located in the U.S. All intercompany revenue is eliminated in consolidation. Transactions between reportable segments are treated consistent with the accounting policies referenced in Note 1, 2024 10% 2023 10%

Note 17 - Employee Benefit Plan

Note 17 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	17. Retirement Savings and Profit Sharing Plans Retirement Savings and Profit Sharing Plans The Company offers a 401 may December 31, 2024 first For the years ended December 31, 2024 2023 Deferred Compensation Plan The Company maintains a deferred compensation plan for certain key employees and nonemployee directors, whereby certain wages earned, compensation for services rendered, and discretionary company-matching contributions may December 31, 2024 2023 December 31, 2024 2023 In addition to the employee benefit plans described above, the Company participates in certain customary employee benefits plans, including those which provide health and life insurance benefits to employees.

Note 18 - Capitalization

Note 18 - Capitalization	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Equity [Text Block]	18. At the Special Meeting of Stockholders held on October 23, 2024, May 16, 2024, August 30, 2024.

Note 19 - Subsequent Events

Note 19 - Subsequent Events	12 Months Ended
	Dec. 31, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	19. On January 28, 2025, 2025 2026, $1.00

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Management’s Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. (“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 inventory reserves, warranty reserves, impairment of long-lived assets, allowance for credit losses, 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
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash As of December 31, 2024 December 31, 2023 December 31, 2024 2023
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition Revenues are generally recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Control is typically transferred upon shipment or delivery depending on the terms of the contract or under the terms of the bill and hold arrangements discussed below. A performance obligation is a promise in a contract to transfer a distinct product or service to the customer. Customer deposits, deferred revenue and other receipts are deferred and recognized when the revenue is realized and earned. Cash payments to customers are presumed to be classified as reductions of revenue in the Company’s statement of operations. For substantially all tower sales within the Company’s Heavy Fabrications segment, as well as certain sales within our Gearing segment, products are sold under terms included in bill and hold sales arrangements that result in different timing for revenue recognition versus shipment. 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 2024 2023 no not not
Cost of Goods and Service [Policy Text Block]	Cost of Sales Cost of sales represents all direct and indirect costs associated with the production of products for sale to customers. These costs include operation, repair and maintenance of equipment, materials, direct and indirect labor and benefit costs, rent and utilities, maintenance, insurance, equipment rentals, freight, and depreciation. AMP credits and related discounts and administrative fees are also recognized in cost of sales. See “AMP Credits” discussion below in this “Summary of Significant Accounting Policies” for further details.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Selling, General and Administrative Expenses Selling, general and administrative (“SG&A”) expenses include all corporate and administrative functions such as sales and marketing, legal, human resource management, finance, investor and public relations, information technology and senior management. These functions serve to support the Company’s current and future operations and provide an infrastructure to support future growth. Major expense items in this category include management and staff wages and benefits, share-based compensation and professional services.
Receivable [Policy Text Block]	Accounts Receivable (A/R) The Company generally grants uncollateralized credit to customers on an individual basis based upon the customer’s financial condition and credit history. Credit is typically on net 30 Historically, the Company’s A/R is highly concentrated with a select number of customers. During the year ended December 31, 2024 December 31, 2023 The Company had an accounts receivable balance of $17,018 at December 31, 2022.
Credit Loss, Financial Instrument [Policy Text Block]	Allowance for Credit Losses  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 customers. 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 years ended December 31, 2024 2023 not The Company monitors its collections and write-off experience to assess whether or not may may
Government Assistance [Policy Text Block]	AMP Credits The Company accounts for government assistance that is not 740 20, third
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost or net realizable value. Net realizable value is the value that can be realized upon the sale of the inventory less a reasonable estimate of selling costs. Cost is determined either based on the first first Inventories consist of raw materials, work-in-process and finished goods. Raw materials consist of components and parts for general production use. Work-in-process consists of labor and overhead, processing costs, purchased subcomponents and materials purchased for specific customer orders. Finished goods consist of components purchased from third
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Long-Lived Assets Property and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment is recognized using the straight-line method over the estimated useful lives of the related assets for financial reporting purposes, and generally using an accelerated method for income tax reporting purposes. Depreciation expense related to property and equipment for the years ended December 31, 2024 2023 not The Company reviews property and equipment and other long-lived assets (“long-lived assets”) for impairment whenever events or circumstances indicate that carrying amounts may not first In evaluating the recoverability of long-lived assets, the Company must make assumptions regarding estimated future cash flows and other factors to determine the fair value of such assets. If the Company’s fair value estimates or related assumptions change in the future, the Company may 8,
Lessee, Leases [Policy Text Block]	Leases The Company leases various property and equipment under operating lease arrangements. The Company recognizes operating lease assets and liabilities on the balance sheet. Rent expense for these types of leases is recognized on a straight-line basis over the lease term. In addition, the Company has entered into finance lease arrangements to finance property and equipment and assumed finance lease obligations in connection with certain acquisitions. The cost basis and accumulated amortization of assets recorded under finance leases are included in property and equipment, while the liabilities are included in finance lease obligations.
Standard Product Warranty, Policy [Policy Text Block]	Warranty Liability The Company provides warranty terms that generally range from one five third December 31, 2024 2023 As of December 31, 2024 2023 Balance, beginning of period $ 322 $ 149 Increase of warranty reserve 15 206 Warranty claims (7 ) (19 ) Other adjustments (163 ) (14 ) Balance, end of period $ 167 $ 322
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes based upon an asset and liability approach. Deferred tax assets and liabilities represent the future tax consequences of the differences between the financial statement carrying amounts of assets and liabilities versus the tax basis of assets and liabilities. Under this method, deferred tax assets are recognized for deductible temporary differences, and operating loss and tax credit carryforwards. Deferred tax liabilities are recognized for taxable temporary differences. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not In connection with the preparation of its consolidated financial statements, the Company is required to estimate its income tax liability for each of the tax jurisdictions in which the Company operates. This process involves estimating the Company’s actual current income tax expense and assessing temporary differences resulting from differing treatment of certain income or expense items for income tax reporting and financial reporting purposes. The Company also recognizes as deferred income tax assets the expected future income tax benefits of net operating loss (“NOL”) carryforwards. In evaluating the realizability of deferred income tax assets associated with NOL carryforwards, the Company considers, among other things, expected future taxable income, the expected timing of the reversals of existing temporary reporting differences and the expected impact of tax planning strategies that may The Company also accounts for the uncertainty in income taxes related to the recognition and measurement of a tax position taken or expected to be taken in an income tax return. The Company follows the applicable pronouncement guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition related to the uncertainty in these income tax positions.
Share-Based Payment Arrangement [Policy Text Block]	Share-Based Compensation The Company grants restricted stock units (“RSUs”) and/or performance awards (“PSUs”) to certain officers, directors, and employees. The Company accounts for share-based compensation related to these awards based on the estimated fair value of the equity award and recognizes expense ratably over the required vesting term of the award. The expense associated with PSUs is also based on the probability of achieving embedded targets. Awards that are based on a fixed number of shares are treated as equity while awards that are based on a fixed amount of dollars are treated as liabilities. See Note 15
Earnings Per Share, Policy [Policy Text Block]	Net Income Per Share The Company presents both basic and diluted net income (loss) per share. Basic net income (loss) per share is based solely upon the weighted average number of common shares outstanding and excludes any dilutive effects of restricted stock, options, warrants and convertible securities. Diluted net income (loss) per share is based upon the weighted average number of common shares and common-share equivalents outstanding during the year excluding those common-share equivalents where the impact to basic net income (loss) per share would be anti-dilutive.

Note 1 - Description of Busin_2

Note 1 - Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	As of December 31, 2024 2023 Balance, beginning of period $ 322 $ 149 Increase of warranty reserve 15 206 Warranty claims (7 ) (19 ) Other adjustments (163 ) (14 ) Balance, end of period $ 167 $ 322

Note 2 - Revenues (Tables)

Note 2 - Revenues (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Year Ended December 31, 2024 2023 Heavy Fabrications $ 82,657 $ 133,368 Gearing 35,588 45,408 Industrial Solutions 26,056 25,159 Eliminations (1,165 ) (458 ) Consolidated $ 143,136 $ 203,477

Note 3 - Net Income Per Share (

Note 3 - Net Income Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Years Ended December 31, 2024 2023 Basic income per share calculation: Net income $ 1,152 $ 7,649 Weighted average number of common shares outstanding 21,895,847 21,188,669 Basic net income per share $ 0.05 $ 0.36 Diluted income per share calculation: Net income $ 1,152 $ 7,649 Weighted average number of common shares outstanding 21,895,847 21,188,669 Common stock equivalents: Non-vested stock awards 78,782 302,601 Weighted average number of common shares outstanding 21,974,629 21,491,270 Diluted net income per share $ 0.05 $ 0.36

Note 5 - Allowance for Credit_2

Note 5 - Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block]	For the Year Ended December 31, 2024 2023 Balance at beginning of period $ 99 $ 17 Bad debt expense — 127 Write-offs — (47 ) Other adjustments (5 ) 2 Balance at end of period $ 94 $ 99

Note 6 - Inventories (Tables)

Note 6 - Inventories (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	As of December 31, 2024 2023 Raw materials $ 19,651 $ 24,651 Work-in-process 9,945 10,390 Finished goods 12,517 4,595 42,113 39,636 Less: Reserve (2,163 ) (2,231 ) Net inventories $ 39,950 $ 37,405

Note 8 - Long-lived Assets (Tab

Note 8 - Long-lived Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Property, Plant and Equipment [Table Text Block]	As of December 31, 2024 2023 Life (in years) Land $ 1,423 $ 1,423 Buildings 22,719 22,111 39 Machinery and equipment 128,329 125,107 2 - 10 Office furniture and equipment 5,996 5,962 3 - 7 Leasehold improvements 9,110 9,068 Shorter of asset life or life of lease Construction in progress 836 3,526 168,413 167,197 Less accumulated depreciation and amortization (122,841 ) (120,074 ) Total property and equipment $ 45,572 $ 47,123
Schedule of Finite-Lived Intangible Assets [Table Text Block]	December 31, 2024 December 31, 2023 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 $ (170 ) $ — $ — — Customer relationships 15,979 (8,103 ) (7,592 ) 284 1.1 15,979 (7,842 ) (7,592 ) 545 2.1 Trade names 9,099 (7,980 ) — 1,119 2.8 9,099 (7,580 ) — 1,519 3.8 Intangible assets $ 25,248 $ (16,253 ) $ (7,592 ) $ 1,403 2.5 $ 25,248 $ (15,592 ) $ (7,592 ) $ 2,064 3.3
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2025 $ 661 2026 422 2027 320 Total $ 1,403

Note 9 - Accrued Liabilities (T

Note 9 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, December 31, 2024 2023 Accrued payroll and benefits $ 2,968 $ 5,051 Income taxes payable 137 254 Accrued professional fees 81 140 Accrued warranty liability 167 322 Self-insured workers compensation reserve 10 21 Accrued sales tax 6 310 Accrued other 236 379 Total accrued liabilities $ 3,605 $ 6,477

Note 10 - Debt and Credit Agr_2

Note 10 - Debt and Credit Agreements (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2024 2023 Line of credit $ — $ 4,657 Other notes payable 1,618 1,361 Long-term debt 7,578 6,135 Total debt 9,196 12,153 Less: current maturities (1,454 ) (5,903 ) Long-term debt, net of current maturities $ 7,742 $ 6,250
Schedule of Maturities of Long-Term Debt [Table Text Block]	2025 $ 1,454 2026 1,478 2027 5,835 2028 382 2029 47 Total $ 9,196

Note 11 - Leases (Tables)

Note 11 - Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Lease Quantitative Disclosure [Table Text Block]	Year Ended December 31, 2024 2023 Components of lease cost Finance lease cost components: Amortization of finance lease assets $ 1,473 $ 1,263 Interest on finance lease liabilities 473 527 Total finance lease costs 1,946 1,790 Operating lease cost components: Operating lease cost 2,694 2,792 Short-term lease cost 192 361 Variable lease cost (1) 1,524 1,260 Sublease income (200 ) (212 ) Total operating lease costs 4,210 4,201 Total lease cost $ 6,156 $ 5,991 Supplemental cash flow information related to our operating leases is as follows for the twelve months ended December 31, 2024 and 2023: Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflow from operating leases $ 3,359 $ 3,460 Right-of-use assets obtained in exchange for new operating lease liabilities $ 29 $ 983 Weighted-average remaining lease term-finance leases at end of period (in years) 2.8 3.2 Weighted-average remaining lease term-operating leases at end of period (in years) 6.2 7.1 Weighted-average discount rate-finance leases at end of period 5.3 % 6.1 % Weighted-average discount rate-operating leases at end of period 8.9 % 8.5 %
Finance and Operating Lease Liability Maturity [Table Text Block]	Finance Operating Leases Leases Total 2025 $ 2,581 $ 3,455 $ 6,036 2026 1,508 3,449 4,957 2027 1,212 3,151 4,363 2028 952 3,160 4,112 2029 526 3,187 3,713 2030 and thereafter — 4,618 4,618 Total lease payments 6,779 21,020 27,799 Less—portion representing interest (736 ) (5,106 ) (5,842 ) Present value of lease obligations 6,043 15,914 21,957 Less—current portion of lease obligations (2,266 ) (2,115 ) (4,381 ) Long-term portion of lease obligations $ 3,777 $ 13,799 $ 17,576

Note 14 - Income Taxes (Tables)

Note 14 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	For the Years Ended Year Ended December 31, 2024 2023 Current provision Federal $ — $ — State 74 251 Total current provision 74 251 Deferred provision Federal (1,194 ) (1,758 ) State (84 ) (209 ) Total deferred provision (1,278 ) (1,967 ) Increase in deferred tax valuation allowance 1,278 1,957 Total provision for income taxes $ 74 $ 241
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	As of Year Ended December 31, 2024 2023 Noncurrent deferred income tax assets: Net operating loss carryforwards $ 76,361 $ 75,235 Accrual and reserves 4,721 4,637 Leases 3,106 3,532 Other 6 4 Total noncurrent deferred tax assets 84,194 83,408 Valuation allowance (77,794 ) (76,516 ) Noncurrent deferred tax assets, net of valuation allowance 6,400 6,892 Noncurrent deferred income tax liabilities: Fixed assets 2,480 2,364 Intangible assets 325 487 Leases 3,570 4,016 Total noncurrent deferred tax liabilities 6,375 6,867 Net deferred income tax asset $ 25 $ 25
Summary of Valuation Allowance [Table Text Block]	Valuation allowance as of December 31, 2023 $ (76,516 ) Gross increase for current year activity (1,278 ) Valuation allowance as of Balance at December 31, 2024 $ (77,794 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	For the Year Ended December 31, 2024 2023 Statutory U.S. federal income tax rate 21.0 % 21.0 % State and local income taxes, net of federal income tax benefit (3.7 ) 0.6 Other permanent differences 5.8 0.4 Change in valuation allowance 104.3 22.8 162(m) 0.0 0.5 Other 3.4 0.2 Other deferred adjustment 26.4 (7.5 ) AMP credits (151.2 ) (35.2 ) Effective income tax rate 6.0 % 2.8 %

Note 15 - Share-based Compens_2

Note 15 - Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Weighted Average Grant-Date Fair Value Number of Shares Per Share Unvested as of December 31, 2023 687,206 $ 3.03 Granted 456,370 $ 2.72 Vested (240,397 ) $ 3.41 Forfeited (79,371 ) $ 2.88 Unvested as of December 31, 2024 823,808 $ 2.96
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	For the Years Ended December 31, 2024 2023 Share-based compensation expense: Cost of sales $ 68 $ 118 Selling, general and administrative 1,092 759 Net effect of share-based compensation expense on net income $ 1,160 $ 877 Reduction in earnings per share: Basic earnings per share $ 0.05 $ 0.04 Diluted earnings per share $ 0.05 $ 0.04

Note 16 - Segment Reporting (Ta

Note 16 - Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Year Ended December 31, 2024 Revenues from external customers $ 82,657 35,588 24,891 — — $ 143,136 Intersegment revenues — — 1,165 — (1,165 ) — Net revenues 82,657 35,588 26,056 — (1,165 ) 143,136 Direct materials 46,398 8,797 14,867 — * 70,062 Direct labor 11,356 5,797 * — — 17,153 Indirect labor 10,575 4,972 1,711 — — 17,258 Variable overhead * 4,397 1,861 — — 6,258 AMP credits (8,819 ) — — — — (8,819 ) Salaries and benefits * * * 2,332 — 2,332 Share-based compensation * * * 859 — 859 Depreciation and amortization 3,938 2,183 427 136 — 6,684 All other expenses (1) 12,081 9,580 3,925 2,703 (1,165 ) 27,124 Operating income (loss) 7,128 (138 ) 3,265 (6,030 ) — 4,225 Capital expenditures 1,617 1,554 397 50 — 3,618 Total assets 43,035 41,406 14,864 48,488 (19,503 ) 128,290 Heavy Fabrications Gearing Industrial Solutions Corporate Eliminations Consolidated For the Year Ended December 31, 2023 Revenues from external customers $ 133,368 45,408 24,701 — — $ 203,477 Intersegment revenues — — 458 — (458 ) — Net revenues 133,368 45,408 25,159 — (458 ) 203,477 Direct materials 76,769 13,819 14,460 — * 105,048 Direct labor 17,084 6,993 * — — 24,077 Indirect labor 13,202 6,085 1,379 — — 20,666 Variable overhead * 5,499 1,973 — — 7,472 AMP credits (13,354 ) — — — — (13,354 ) Salaries and benefits * * * 2,646 — 2,646 Share-based compensation * * * 634 — 634 Depreciation and amortization 3,517 2,270 380 216 — 6,383 All other expenses (1) 21,144 8,896 3,807 5,388 (469 ) 38,766 Operating income (loss) 15,006 1,846 3,160 (8,884 ) 11 11,139 Capital expenditures 4,739 1,398 214 54 — 6,405 Total assets 46,931 48,599 16,295 58,487 (35,156 ) 135,156

Note 1 - Description of Busin_3

Note 1 - Description of Business and Summary of Significant Accounting Policies (Details Textual) $ / shares in Units, shares in Thousands, $ in Thousands		12 Months Ended		24 Months Ended
	Sep. 12, 2022 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) $ / shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2024 USD ($) $ / shares	Jan. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Number of Reportable Segments		3
Cash and Cash Equivalents, at Carrying Value		$ 7,721	$ 1,099	$ 7,721
Accounts Receivable, Sale		56,632	40,343
Accounts Receivable, Sale, Discount Fees		1,474	$ 858
Debt and Lease Obligation		15,239		15,239
Debt, Current		$ 3,720		$ 3,720
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares		$ 0.001	$ 0.001	$ 0.001
Interest Income, Other		$ 7	$ 8
Accounts Receivable, after Allowance for Credit Loss						$ 17,018
Depreciation		$ 6,023	$ 5,719
Customer Concentration Risk [Member]
Number of Major Customers		5	5
Customer Concentration Risk [Member] | Revenue from Contract with Customer Benchmark [Member] | Five Largest Customers [Member]
Concentration Risk, Percentage		73%	74%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Five Largest Customers [Member]
Concentration Risk, Percentage			40%	50%
Long-Term Contract with Customer [Member]
Contract with Customer, Asset, before Allowance for Credit Loss					$ 175,000
The Sales Agreement [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 1
Sales Agent Commission Percentage	2.75%
Stock Issued During Period, Shares, New Issues (in shares) | 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
Senior Secured Term Loan [Member]
Line of Credit, Current		$ 7,578		$ 7,578
Revolving Credit Facility [Member]
Line of Credit Facility, Remaining Borrowing Capacity		24,901		24,901
Line of Credit, Current		$ 0		$ 0
Maximum [Member]
Product Warranty Term (Year)		5 years
Maximum [Member] | The Sales Agreement [Member]
Value of Shares Issuable, Maximum	$ 12,000
Minimum [Member]
Product Warranty Term (Year)		1 year
Heavy Fabrications [Member]
Number of Facilities		2
Number of Tower Sections in Production Capacity of Turbines Total		1,650
Heavy Fabrications [Member] | Maximum [Member]
Annual Tower Production Capacity		550

Note 1 - Description of Busin_4

Note 1 - Description of Business and Summary of Significant Accounting Policies - Changes in Carrying Amount of Total Product Warranty Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Balance, beginning of period	$ 322	$ 149
Increase of warranty reserve	15	206
Warranty claims	(7)	(19)
Other adjustments	(163)	(14)
Balance, end of period	$ 167	$ 322

Note 2 - Revenues (Details Text

Note 2 - Revenues (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer, Including Assessed Tax	$ 143,136	$ 203,477
Transferred over Time [Member] | Gearing [Member]
Revenue from Contract with Customer, Including Assessed Tax	1,059	5,370
Transferred over Time [Member] | Heavy Fabrications [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 5,983	$ 11,033	$ 1,955

Note 2 - Revenues - Disaggregat

Note 2 - Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenues	$ 143,136	$ 203,477
Consolidation, Eliminations [Member]
Revenues	(1,165)	(458)
Heavy Fabrications [Member] | Operating Segments [Member]
Revenues	82,657	133,368
Gearing [Member] | Operating Segments [Member]
Revenues	35,588	45,408
Industrial Solutions [Member] | Operating Segments [Member]
Revenues	$ 26,056	$ 25,159

Note 3 - Earnings Per Share - E

Note 3 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Net income		$ 1,152	$ 7,649
Weighted average number of common shares outstanding (in shares)		21,895,847	21,188,669
Basic net income per share (in dollars per share)		$ 0.05	$ 0.36
Non-vested stock awards (in shares)	[1]	78,782	302,601
Weighted average number of common shares outstanding (in shares)		21,974,629	21,491,270
Diluted net income per share (in dollars per share)		$ 0.05	$ 0.36
[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 5 - Allowance for Credit_3

Note 5 - Allowance for Credit Losses - Activity in Accounts Receivable Allowance from Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Balance at beginning of period	$ 99	$ 17
Bad debt expense	0	127
Write-offs	0	(47)
Other adjustments	(5)	2
Balance at end of period	$ 94	$ 99

Note 6 - Inventories - Schedule

Note 6 - Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Raw materials	$ 19,651	$ 24,651
Work-in-process	9,945	10,390
Finished goods	12,517	4,595
Inventory, Gross	42,113	39,636
Less: Reserve	(2,163)	(2,231)
Net inventories	$ 39,950	$ 37,405

Note 7 - AMP Credits (Details T

Note 7 - AMP Credits (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 21, 2023 USD ($)
Increase (Decrease) in AMP Credit Receivable	$ (4,518)	$ 7,051
Heavy Fabrications [Member]
Increase (Decrease) in AMP Credit Receivable	$ 9,588	14,493
AMP Credit, Credit Per Watt of Wind Power Produced	0.03
AMP Credit, Credits Sold			$ 6,952
AMP Credit, Discount on the Sale Of AMP Credits, Percentage	6.50%		6.50%
AMP Credit, Discount on the Sale of AMP Credits, Amount			$ 452
AMP Credit, Write-down of Remaining Credit Receivable			7,541
AMP Credit, Loss on Sale of AMP Credits			490
AMP Credit, Miscellaneous Administrative Cost Incurred	$ 623		$ 254
AMP Credit, Miscellaneous Costs Incurred, Uncapitalized	$ 146	$ 197

Note 8 - Long-lived Assets (Det

Note 8 - Long-lived Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Construction in Progress Expenditures Incurred but Not yet Paid	$ 1,005
Amortization of Intangible Assets	$ 661	$ 664
Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	6 years
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	1 year
Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	20 years
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	3 years
Industrial Solutions [Member]
Goodwill and Intangible Asset Impairment, Total	$ 0

Note 8 - Long-lived Assets - Co

Note 8 - Long-lived Assets - Cost Basis and Estimated Lives of Property and Equipment from Continuing Operations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property and equipment, gross	$ 168,413	$ 167,197
Less accumulated depreciation and amortization	(122,841)	(120,074)
Total property and equipment	45,572	47,123
Land [Member]
Property and equipment, gross	1,423	1,423
Building [Member]
Property and equipment, gross	$ 22,719	22,111
Life (Year)	39 years
Machinery and Equipment [Member]
Property and equipment, gross	$ 128,329	125,107
Machinery and Equipment [Member] | Minimum [Member]
Life (Year)	2 years
Machinery and Equipment [Member] | Maximum [Member]
Life (Year)	10 years
Office Equipment [Member]
Property and equipment, gross	$ 5,996	5,962
Office Equipment [Member] | Minimum [Member]
Life (Year)	3 years
Office Equipment [Member] | Maximum [Member]
Life (Year)	7 years
Leasehold Improvements [Member]
Property and equipment, gross	$ 9,110	9,068
Construction in Progress [Member]
Property and equipment, gross	$ 836	$ 3,526

Note 8 - Long-lived Assets - _2

Note 8 - Long-lived Assets - Cost Basis, Accumulated Amortization and Net Book Value of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Intangible assets, cost basis	$ 25,248	$ 25,248
Intangible assets, accumulated amortization	(16,253)	(15,592)
Intangible assets, accumulated impairment charges	(7,592)	(7,592)
Intangible assets, net	$ 1,403	$ 2,064
Intangible assets, remaining weighted average amortization period (Year)	2 years 6 months	3 years 3 months 18 days
Noncompete Agreements [Member]
Intangible assets, cost basis	$ 170	$ 170
Intangible assets, accumulated amortization	(170)	(170)
Customer Relationships [Member]
Intangible assets, cost basis	15,979	15,979
Intangible assets, accumulated amortization	(8,103)	(7,842)
Intangible assets, accumulated impairment charges	(7,592)	(7,592)
Intangible assets, net	$ 284	$ 545
Intangible assets, remaining weighted average amortization period (Year)	1 year 1 month 6 days	2 years 1 month 6 days
Trade Names [Member]
Intangible assets, cost basis	$ 9,099	$ 9,099
Intangible assets, accumulated amortization	(7,980)	(7,580)
Intangible assets, net	$ 1,119	$ 1,519
Intangible assets, remaining weighted average amortization period (Year)	2 years 9 months 18 days	3 years 9 months 18 days

Note 8 - Long-lived Assets - Es

Note 8 - Long-lived Assets - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
2025	$ 661
2026	422
2027	320
Total	$ 1,403	$ 2,064

Note 9 - Accrued Liabilities -

Note 9 - Accrued Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accrued payroll and benefits	$ 2,968	$ 5,051
Income taxes payable	137	254
Accrued professional fees	81	140
Accrued warranty liability	167	322	$ 149
Self-insured workers compensation reserve	10	21
Accrued sales tax	6	310
Accrued other	236	379
Total accrued liabilities	$ 3,605	$ 6,477

Note 10 - Debt and Credit Agr_3

Note 10 - Debt and Credit Agreements (Details Textual) $ in Thousands			12 Months Ended
	Dec. 19, 2024	Dec. 18, 2024	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Aug. 04, 2022 USD ($)
Long-Term Debt, Current Maturities			$ 1,454	$ 5,903
Development Corporation of Abilene Loan [Member]
Notes Payable			1,618	1,361
Notes Payable, Other Payables [Member]
Long-Term Debt, Current Maturities			$ 371	$ 163
Debt Instrument, Interest Rate, Stated Percentage			7%
Notes Payable, Other Payables [Member] | Minimum [Member]
Debt Instrument, Periodic Payment			$ 1
Notes Payable, Other Payables [Member] | Maximum [Member]
Debt Instrument, Periodic Payment			20
The 2022 Credit Facility [Member]
Line of Credit, Current			7,578
Debt Instrument, Covenant, Fixed Charge Coverage Ratio	1	1.1
Line of Credit Facility, Remaining Borrowing Capacity			24,901
Revolving Credit Facility [Member]
Line of Credit, Current			0
Line of Credit Facility, Remaining Borrowing Capacity			$ 24,901
Debt Instrument, Interest Rate, Effective Percentage			6.71%	7.64%
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			$ 269	$ 359
Accumulated Amortization, Debt Issuance Costs			$ 251	$ 141
Senior Secured Term Loan [Member]
Debt Instrument, Interest Rate, Effective Percentage			6.96%	7.89%

Note 10 - Debt and Credit Agr_4

Note 10 - Debt and Credit Agreements - Outstanding Debt Balances (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Long-term debt	$ 9,196	$ 12,153
Less: current maturities	(1,454)	(5,903)
Long-term debt, net of current maturities	7,742	6,250
Line of Credit [Member]
Long-term debt	0	4,657
Notes Payable, Other Payables [Member]
Long-term debt	1,618	1,361
Less: current maturities	(371)	(163)
Long-Term Debt [Member]
Long-term debt	$ 7,578	$ 6,135

Note 10 - Debt and Credit Agr_5

Note 10 - Debt and Credit Agreements - Future Annual Principal Payments on Outstanding Debt Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
2025	$ 1,454
2026	1,478
2027	5,835
2028	382
2029	47
Total	$ 9,196	$ 12,153

Note 11 - Leases (Details Textu

Note 11 - Leases (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2021
Operating Lease, Right-of-Use Asset	$ 13,841	$ 15,593
Operating Lease, Liability, Current	2,115	1,851
Operating Lease, Liability, Noncurrent	13,799	15,888
Operating Lease, Expense	4,208	4,201
Finance Lease, Expense	1,946	1,790
Finance Lease, Right-of-Use Asset, Amortization	1,473	1,263
Operating Lease, Right-of-Use Asset, Periodic Reduction	$ 4	$ 5
Minimum [Member]
Lessee, Lease Term of Contract (Year)			3 years
Maximum [Member]
Lessee, Lease Term of Contract (Year)			15 years

Note 11 - Leases - Leases Infor

Note 11 - Leases - Leases Information (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Amortization of finance lease assets		$ 1,473	$ 1,263
Interest on finance lease liabilities		473	527
Total finance lease costs		1,946	1,790
Operating lease cost		2,694	2,792
Short-term lease cost		192	361
Variable lease cost	[1]	1,524	1,260
Sublease income		(200)	(212)
Total operating lease costs		4,210	4,201
Total lease cost		6,156	5,991
Operating cash outflow from operating leases		3,359	3,460
operating lease liabilities		$ 29	$ 983
Weighted-average remaining lease term-finance leases at end of period (in years) (Year)		2 years 9 months 18 days	3 years 2 months 12 days
Weighted-average remaining lease term-operating leases at end of period (in years) (Year)		6 years 2 months 12 days	7 years 1 month 6 days
Weighted-average discount rate-finance leases at end of period		5.30%	6.10%
Weighted-average discount rate-operating leases at end of period		8.90%	8.50%
[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 11 - Leases - Future Minim

Note 11 - Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
2025, finance leases	$ 2,581
2025, operating leases	3,455
2025, total	6,036
2026, finance leases	1,508
2026, operating leases	3,449
2026, total	4,957
2027, finance leases	1,212
2027, operating leases	3,151
2027, total	4,363
2028, finance leases	952
2028, operating leases	3,160
2028, total	4,112
2029, finance leases	526
2029, operating leases	3,187
2029, total	3,713
2030 and thereafter, finance leases	0
2030 and thereafter, operating leases	4,618
2030 and thereafter, total	4,618
Total lease payments, finance leases	6,779
Total lease payments, operating leases	21,020
Total lease payments, total	27,799
Less—portion representing interest, finance leases	(736)
Less—portion representing interest, operating leases	(5,106)
Less—portion representing interest, total	(5,842)
Present value of lease obligations, finance leases	6,043
Present value of lease obligations, operating leases	15,914
Present value of lease obligations, total	21,957
Less—current portion of lease obligations, finance leases	(2,266)	$ (2,153)
Less—current portion of lease obligations, operating leases	(2,115)	(1,851)
Less—current portion of lease obligations, total	(4,381)
Long-term portion of lease obligations, finance leases	3,777	3,372
Long-term portion of lease obligations, operating leases	13,799	$ 15,888
Long-term portion of lease obligations, total	$ 17,576

Note 12 - Commitments and Con_2

Note 12 - Commitments and Contingencies (Details Textual) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 28, 2022	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Accrued Health Insurance Liabilities		$ 410	$ 742
Collective Bargaining Agreements, Number of Agreements		2
Neville Island Union [Member]
Collective Bargaining Agreement, Term (Year)	4 years
Cicero Union [Member]
Collective Bargaining Agreement, Term (Year)	4 years
Workforce Subject to Collective-Bargaining Arrangements Expiring within One Year [Member] | Unionized Employees Concentration Risk [Member]
Concentration Risk, Percentage		18%
Minimum [Member]
Product Warranty Term (Year)		1 year
Maximum [Member]
Product Warranty Term (Year)		5 years

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual) - USD ($) $ / shares in Units, $ in Thousands			12 Months Ended
	Feb. 03, 2022	Feb. 07, 2019	Dec. 31, 2024	Dec. 31, 2023
Income Tax Expense (Benefit)			$ 74	$ 241
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			1,278	1,957
Deferred Tax Assets, Valuation Allowance			77,794	$ 76,516
Operating Loss Carryforwards			295,198
Operating Loss Carryforwards, Subject to Expiration			227,781
Operating Loss Carry Forwards Annual Limit			$ 14,284
Rights [Member]
Term of Extended Rights Plan (Year)	3 years	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)			0.001
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)			$ 7.7
Class of Warrant or Right Current Beneficial Ownership Percentage That Will Not Trigger Preferred Share Purchase Rights			4.90%

Note 14 - Income Taxes - Provis

Note 14 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Federal	$ 0	$ 0
State	74	251
Total current provision	74	251
Federal	(1,194)	(1,758)
State	(84)	(209)
Total deferred provision	(1,278)	(1,967)
Increase in deferred tax valuation allowance	1,278	1,957
Total provision for income taxes	$ 74	$ 241

Note 14 - Income Taxes - Deferr

Note 14 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Net operating loss carryforwards	$ 76,361	$ 75,235
Accrual and reserves	4,721	4,637
Leases	3,106	3,532
Other	6	4
Total noncurrent deferred tax assets	84,194	83,408
Valuation allowance	(77,794)	(76,516)
Noncurrent deferred tax assets, net of valuation allowance	6,400	6,892
Fixed assets	2,480	2,364
Intangible assets	(325)	(487)
Leases	3,570	4,016
Total noncurrent deferred tax liabilities	6,375	6,867
Net deferred income tax asset	$ 25	$ 25

Note 14 - Income Taxes - Reconc

Note 14 - Income Taxes - Reconciliation of Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Valuation allowance	$ (76,516)
Gross increase for current year activity	(1,278)	$ (1,957)
Valuation allowance	$ (77,794)	$ (76,516)

Note 14 - Income Taxes - Reco_2

Note 14 - Income Taxes - Reconciliation of Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Statutory U.S. federal income tax rate	21%	21%
State and local income taxes, net of federal income tax benefit	(3.70%)	0.60%
Other permanent differences	5.80%	0.40%
Change in valuation allowance	104.30%	22.80%
162(m)	0%	0.50%
Other	3.40%	0.20%
Other deferred adjustment	26.40%	(7.50%)
AMP credits	(151.20%)	(35.20%)
Effective income tax rate	6%	2.80%

Note 15 - Share-based Compens_3

Note 15 - Share-based Compensation (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Mar. 02, 2023	Feb. 07, 2021	Feb. 19, 2019	Feb. 28, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Forfeiture Rate	25%	25%
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1,213
Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Share-Based Payment Arrangement, Option [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	1 year
Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	5 years
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	1 year
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	5 years
The 2015 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	4,700,000		4,700,000	3,200,000	2,200,000	1,100,000
Shares, Issued (in shares)	2,381,572
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	823,808
The 2007 and 2012 Equity Incentive Plans [Member]
Common Stock, Capital Shares Reserved for Future Issuance (in shares)	0	0

Note 15 - Share-based Compens_4

Note 15 - Share-based Compensation - Restricted Stock Unit and Performance Award Activity (Details)	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Unvested, number of shares (in shares) | shares	687,206
Unvested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 3.03
Granted, number of shares (in shares) | shares	456,370
Granted, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.72
Vested, number of shares (in shares) | shares	(240,397)
Vested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 3.41
Forfeited, number of shares (in shares) | shares	(79,371)
Forfeited, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.88
Unvested, number of shares (in shares) | shares	823,808
Unvested, weighted average grant-date fair value per share (in dollars per share) | $ / shares	$ 2.96

Note 15 - Share-based Compens_5

Note 15 - Share-based Compensation - Share-based Compensation Expense (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Share-based compensation expense	$ 1,160	$ 877
Basic earnings per share (in dollars per share)	$ 0.05	$ 0.04
Diluted earnings per share (in dollars per share)	$ 0.05	$ 0.04
Cost of Sales [Member]
Share-based compensation expense	$ 68	$ 118
Selling, General and Administrative Expenses [Member]
Share-based compensation expense	$ 1,092	$ 759

Note 16 - Segment Reporting (De

Note 16 - Segment Reporting (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Revenue from Contract with Customer, Including Assessed Tax	$ 143,136	$ 203,477
Customer Concentration Risk [Member]
Number of Major Customers	5	5
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers	1	1
Heavy Fabrications [Member]
Number of Facilities	2
Number of Tower Sections in Production Capacity of Turbines Total	1,650
Heavy Fabrications [Member] | Customer Concentration Risk [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 71,607	$ 107,555
Heavy Fabrications [Member] | Maximum [Member]
Annual Tower Production Capacity	550

Note 16 - Segment Reporting - S

Note 16 - Segment Reporting - Segment Reporting (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023
Revenue from Contract with Customer, Including Assessed Tax		$ 143,136	$ 203,477
Direct materials		70,062	105,048
Direct labor		17,153	24,077
Indirect labor		17,258	20,666
Variable overhead		6,258	7,472
AMP credits		(8,819)	(13,354)
Salaries and benefits		2,332	2,646
Share-based compensation		859	634
Depreciation and amortization		6,684	6,383
All other expenses (1)	[1]	27,124	38,766
Operating income (loss)		4,225	11,139
Capital expenditures		3,618	6,405
Total assets		128,290	135,156
External Customers [Member]
Revenue from Contract with Customer, Including Assessed Tax		143,136	203,477
Operating Segments [Member] | Heavy Fabrications [Member]
Revenue from Contract with Customer, Including Assessed Tax		82,657	133,368
Direct materials		46,398	76,769
Direct labor		11,356	17,084
Indirect labor		10,575	13,202
AMP credits		(8,819)	(13,354)
Depreciation and amortization		3,938	3,517
All other expenses (1)	[1]	12,081	21,144
Operating income (loss)		7,128	15,006
Capital expenditures		1,617	4,739
Total assets		43,035	46,931
Operating Segments [Member] | Heavy Fabrications [Member] | External Customers [Member]
Revenue from Contract with Customer, Including Assessed Tax		82,657	133,368
Operating Segments [Member] | Gearing [Member]
Revenue from Contract with Customer, Including Assessed Tax		35,588	45,408
Direct materials		8,797	13,819
Direct labor		5,797	6,993
Indirect labor		4,972	6,085
Variable overhead		4,397	5,499
AMP credits		0	0
Depreciation and amortization		2,183	2,270
All other expenses (1)	[1]	9,580	8,896
Operating income (loss)		(138)	1,846
Capital expenditures		1,554	1,398
Total assets		41,406	48,599
Operating Segments [Member] | Gearing [Member] | External Customers [Member]
Revenue from Contract with Customer, Including Assessed Tax		35,588	45,408
Operating Segments [Member] | Industrial Solutions [Member]
Revenue from Contract with Customer, Including Assessed Tax		26,056	25,159
Direct materials		14,867	14,460
Indirect labor		1,711	1,379
Variable overhead		1,861	1,973
AMP credits		0	0
Depreciation and amortization		427	380
All other expenses (1)	[1]	3,925	3,807
Operating income (loss)		3,265	3,160
Capital expenditures		397	214
Total assets		14,864	16,295
Operating Segments [Member] | Industrial Solutions [Member] | External Customers [Member]
Revenue from Contract with Customer, Including Assessed Tax		24,891	24,701
Operating Segments [Member] | Corporate Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax		0	0
Direct materials		0	0
Direct labor		0	0
Indirect labor		0	0
Variable overhead		0	0
AMP credits		0	0
Salaries and benefits		2,332	2,646
Share-based compensation		859	634
Depreciation and amortization		136	216
All other expenses (1)	[1]	2,703	5,388
Operating income (loss)		(6,030)	(8,884)
Capital expenditures		50	54
Total assets		48,488	58,487
Operating Segments [Member] | Corporate Segment [Member] | External Customers [Member]
Revenue from Contract with Customer, Including Assessed Tax		0	0
Consolidation, Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax		(1,165)	(458)
Direct labor		0	0
Indirect labor		0	0
Variable overhead		0	0
AMP credits		0	0
Salaries and benefits		0	0
Share-based compensation		0	0
Depreciation and amortization		0	0
All other expenses (1)	[1]	(1,165)	(469)
Operating income (loss)		0	11
Capital expenditures		0	0
Total assets		(19,503)	(35,156)
Consolidation, Eliminations [Member] | External Customers [Member]
Revenue from Contract with Customer, Including Assessed Tax		0	0
Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax		(1,165)	(458)
Intersegment Eliminations [Member] | Heavy Fabrications [Member]
Revenue from Contract with Customer, Including Assessed Tax		0	0
Intersegment Eliminations [Member] | Gearing [Member]
Revenue from Contract with Customer, Including Assessed Tax		0	0
Intersegment Eliminations [Member] | Industrial Solutions [Member]
Revenue from Contract with Customer, Including Assessed Tax		1,165	458
Intersegment Eliminations [Member] | Corporate Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax		$ 0	$ 0
[1]All other expenses for each reportable segment primarily consist of: Heavy Fabrications-variable overhead, salaries and benefits, and rent and utilities Gearing- salaries and benefits and rent and utilities Industrial Solutions-direct labor, salaries and benefits, and rent and utilities Corporate-professional expenses

Note 17 - Employee Benefit Pl_2

Note 17 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Contribution Plan, Employer Match, Employee Contribution, Level One	100%
Defined Contribution Plan, Employer Match, Level One	3%
Defined Contribution Plan, Employer Match, Employee Contribution, Level Two	50%
Defined Contribution Plan, Employer Match, Level Two	2%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	100%
Defined Contribution Plan, Cost	$ 1,251	$ 1,394
Deferred Compensation Arrangement with Individual, Compensation Expense	7	(8)
Deferred Compensation Arrangement with Individual, Recorded Liability	$ 16	$ 23

Note 18 - Capitalization (Detai

Note 18 - Capitalization (Details Textual) - $ / shares	Dec. 31, 2024	May 16, 2024	May 15, 2024	Dec. 31, 2023
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001			$ 0.001
Common Stock, Shares Authorized (in shares)	45,000,000		30,000,000	45,000,000
Maximum [Member]
Common Stock, Shares Authorized (in shares)		45,000,000

Note 19 - Subsequent Events (De

Note 19 - Subsequent Events (Details Textual) - Heavy Fabrications [Member] $ in Thousands	Dec. 31, 2026 USD ($)	Dec. 31, 2025 USD ($)	Jan. 28, 2025	Dec. 21, 2023 USD ($)
AMP Credit, Credits Sold				$ 6,952
Subsequent Event [Member]
AMP Credit, Price Per AMP Credit Sold			0.935
Forecast [Member]
AMP Credit, Credits Sold	$ 20,000	$ 15,000