Beam Global (BEEM) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 01, 2023
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-38868
Entity Registrant Name	Beam Global
Entity Central Index Key	0001398805
Entity Tax Identification Number	26-1342810
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	5660 Eastgate Dr.
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92121
City Area Code	(858)
Local Phone Number	799-4583
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,935,656
Common stock, $0.001 par value [Member]
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	BEEM
Security Exchange Name	NASDAQ
Warrants [Member]
Title of 12(b) Security	Warrants
Trading Symbol	BEEMW
Security Exchange Name	NASDAQ

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 23,682	$ 1,681
Accounts receivable	10,422	4,429
Prepaid expenses and other current assets	2,825	1,579
Inventory	12,330	12,246
Total current assets	49,259	19,935
Property and equipment, net	2,002	1,548
Operating lease right of use assets	1,312	1,638
Goodwill	4,600	4,600
Intangible assets, net	9,500	9,947
Deposits	62	62
Total assets	66,735	37,730
Current liabilities
Accounts payable	7,170	2,865
Accrued expenses	3,524	1,687
Sales tax payable	15	33
Deferred revenue, current	796	1,183
Note payable, current	37	0
Contingent consideration, current	1	6,776
Operating lease liabilities, current	598	628
Total current liabilities	12,141	13,172
Deferred revenue, noncurrent	286	266
Note payable, noncurrent	181	0
Contingent consideration, noncurrent	0	15
Operating lease liabilities, noncurrent	773	1,070
Total liabilities	13,381	14,523
Commitments and contingencies (Note 9)
Stockholders' equity
Preferred stock, $0.001 par value, 10,000,000 authorized, none outstanding as of June 30, 2023 and December 31, 2022.	0	0
Common stock, $0.001 par value, 350,000,000 shares authorized, 13,941,056 and 10,178,306 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively.	14	10
Additional paid-in-capital	138,002	100,498
Accumulated deficit	(84,662)	(77,301)
Total stockholders' equity	53,354	23,207
Total liabilities and stockholders' equity	$ 66,735	$ 37,730

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	0	0
Common Stock par value (in Dollars per share)	$ 0.001	$ 0.001
Common Stock shares authorized	350,000,000	350,000,000
Common Stock shares issued	13,941,056	10,178,306
Common Stock shares outstanding	13,941,056	10,178,306

Condensed Statement of Operatio

Condensed Statement of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenues	$ 17,819	$ 3,718	$ 30,839	$ 7,488
Cost of revenues	17,318	4,044	30,333	8,119
Gross profit (loss)	501	(326)	506	(631)
Operating expenses	4,042	2,490	7,888	4,465
Loss from operations	(3,541)	(2,816)	(7,382)	(5,096)
Other income (expense)
Interest income	24	15	25	17
Other income	1	0	11	0
Interest expense	(2)	(1)	(2)	(1)
Other income	23	14	34	16
Loss before income tax expense	(3,518)	(2,802)	(7,348)	(5,080)
Income tax expense	12	1	13	1
Net loss	$ (3,530)	$ (2,803)	$ (7,361)	$ (5,081)
Net loss per share - basic	$ (0.32)	$ (0.28)	$ (0.69)	$ (0.52)
Net loss per share - diluted	$ (0.32)	$ (0.28)	$ (0.69)	$ (0.52)
Weighted average shares outstanding - basic	10,990	10,075	10,604	9,694
Weighted average shares outstanding - diluted	10,990	10,075	10,604	9,694

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 9	$ 83,588	$ (57,619)	$ 25,978
Shares, Outstanding, Beginning Balance at Dec. 31, 2021	8,972
Stock issued for director services - vested		107		107
Stock Issued During Period, Shares, Issued for Services	5
Stock issued to (released from) escrow account - unvested
Stock Issued To Escrow Account Unvested Shares	2
Stock issued for acquisition	$ 1	14,358		14,359
Stock Issued During Period, Shares, Acquisitions	1,055
Employee stock-based compensation expense		94		94
Warrants exercised for cash		88		88
[custom:WarrantsExercisedForCashShares]	14
Net loss			(2,278)	(2,278)
Ending balance, value at Mar. 31, 2022	$ 10	98,235	(59,897)	38,348
Shares, Outstanding, Ending Balance at Mar. 31, 2022	10,048
Beginning balance, value at Dec. 31, 2021	$ 9	83,588	(57,619)	25,978
Shares, Outstanding, Beginning Balance at Dec. 31, 2021	8,972
Net loss				(5,081)
Ending balance, value at Jun. 30, 2022	$ 10	98,665	(62,700)	35,975
Shares, Outstanding, Ending Balance at Jun. 30, 2022	10,084
Beginning balance, value at Mar. 31, 2022	$ 10	98,235	(59,897)	38,348
Shares, Outstanding, Beginning Balance at Mar. 31, 2022	10,048
Stock issued for director services - vested		104		104
Stock Issued During Period, Shares, Issued for Services	5
Stock Issued To Escrow Account Unvested Shares	(5)
Employee stock-based compensation expense		98		98
Warrants exercised for cash		228		228
[custom:WarrantsExercisedForCashShares]	36
Net loss			(2,803)	(2,803)
Ending balance, value at Jun. 30, 2022	$ 10	98,665	(62,700)	35,975
Shares, Outstanding, Ending Balance at Jun. 30, 2022	10,084
Beginning balance, value at Dec. 31, 2022	$ 10	100,498	(77,301)	23,207
Shares, Outstanding, Beginning Balance at Dec. 31, 2022	10,178
Stock issued for director services - vested		76		76
Stock Issued During Period, Shares, Issued for Services	6
Stock issued to (released from) escrow account - unvested
Stock Issued To Escrow Account Unvested Shares	(6)
Stock-based compensation to consultants		1,704		1,704
Stockbased Compensation To Consultants Shares	6
Sale of stock under Committed Equity Facility		158		158
Sale Of Stock UnderCommitted Equity Facility Shares	38
Employee stock-based compensation expense		438		438
Warrants exercised for cash		100		100
[custom:WarrantsExercisedForCashShares]	16
Net loss			(3,831)	(3,831)
Ending balance, value at Mar. 31, 2023	$ 10	102,974	(81,132)	21,852
Shares, Outstanding, Ending Balance at Mar. 31, 2023	10,238
Beginning balance, value at Dec. 31, 2022	$ 10	100,498	(77,301)	23,207
Shares, Outstanding, Beginning Balance at Dec. 31, 2022	10,178
Net loss				(7,361)
Ending balance, value at Jun. 30, 2023	$ 14	138,002	(84,662)	53,354
Shares, Outstanding, Ending Balance at Jun. 30, 2023	13,941
Beginning balance, value at Mar. 31, 2023	$ 10	102,974	(81,132)	21,852
Shares, Outstanding, Beginning Balance at Mar. 31, 2023	10,238
Stock issued for director services - vested		148		148
Stock Issued During Period, Shares, Issued for Services	12
Stock issued to (released from) escrow account - unvested
Stock Issued To Escrow Account Unvested Shares	6
Settlement of earnout related to acquisition	$ 1	7,050		7,051
[custom:StockIssuedDuringPeriodSharesEarnoutRelatedToAcquisition]	447
Sale of stock under Committed Equity Facility		1,956		1,956
Sale Of Stock UnderCommitted Equity Facility Shares	171
Employee stock-based compensation expense		427		427
Warrants exercised for cash		26		26
[custom:WarrantsExercisedForCashShares]	4
Proceeds from issuance of common stock, pursuant to public offering	$ 3	25,421		25,424
Stock Issued During Period, Shares, Other	3,063
Net loss			(3,530)	(3,530)
Ending balance, value at Jun. 30, 2023	$ 14	$ 138,002	$ (84,662)	$ 53,354
Shares, Outstanding, Ending Balance at Jun. 30, 2023	13,941

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Operating Activities:
Net loss	$ (7,361)	$ (5,081)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	691	483
Common stock issued for services	224	211
Change in fair value of contingent consideration liabilities	260	(208)
Employee stock-based compensation	865	192
Stock Compensation expense for non-employees	142	0
(Increase) decrease in:
Accounts receivable	(5,993)	929
Prepaid expenses and other current assets	276	(3,005)
Inventory	36	(3,546)
Increase (decrease) in:
Accounts payable	4,305	2,114
Accrued expenses	1,878	147
Sales tax payable	(18)	57
Deferred revenue	(367)	282
Net cash used in operating activities	(5,062)	(7,425)
Investing Activities:
Working capital payment for acquisition	0	(811)
Purchase of property and equipment	(521)	(216)
Funding of patent costs	(80)	(59)
Net cash used in investing activities	(601)	(1,086)
Financing Activities:
Proceeds from sale of common stock under committee equity facility, net of offering costs	2,114	0
Proceeds from warrant exercises	126	316
Proceeds from issuance of common stock and warrants, pursuant to public offering	25,424	0
Net cash provided by financing activities	27,664	316
Net increase (decrease) in cash	22,001	(8,195)
Cash at beginning of period	1,681	21,949
Cash at end of period	23,682	13,754
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	2	0
Cash paid for taxes	13	0
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Fair value of common stock issued as consideration for business combination	7,051	14,359
Purchase of property and equipment by incurring debt	218	0
Depreciation cost capitalized into inventory	121	54
Right-of-use assets obtained in exchange for lease liabilities	0	192
Warrants issued for services to non-employee	1,609	0
Shares issued for services to non-employee	$ 95	$ 0

NATURE OF OPERATIONS, BASIS OF

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Beam Global, a Nevada corporation (hereinafter the “Company,” “us,” “we,” “our” or “Beam”), is a sustainable technology innovation company based in San Diego, California. We develop, manufacture, and sell high-quality, renewably energized infrastructure products for electric vehicle charging infrastructure, energy security, disaster preparedness and outdoor media advertising. We also produce proprietary energy storage battery products. Our Electric Vehicle (EV) charging infrastructure products are powered by locally generated renewable energy and enable vital and highly valuable services in locations where it is either too expensive, too disruptive, or impossible to connect to a utility grid, or where the requirements for electrical power are so important that grid failures, like blackouts, are intolerable. We do not compete with EV charging companies; rather, we enable such companies by providing infrastructure solutions that replace the time consuming and expensive process of construction and electrical work which are usually required to install traditional grid-tied EV chargers. We also do not compete with utilities. Our products provide utilities with another tool to deliver reliable and low-cost electricity to EV chargers and, in the case of a grid failure, to first responders and others, through our integrated emergency power panels. We also provide energy storage technologies that make commodity battery cells safer, longer lasting and more energy efficient and our battery management systems (BMS) and associated packaging make batteries safe and usable in a variety of mobility, energy-security, and stationary applications. Our charging infrastructure products are rapidly deployed without the need for construction or electrical work. We compete with the highly fragmented and disintegrated ecosystem of general contractors, electrical contractors, consultants, engineers, permitting specialists and others who are required to perform a traditional grid-tied EV charger installation construction and electrical project. Our clean-technology products are designed to replace a complicated, expensive, time-consuming and risk prone process with an easy, low total cost of ownership, robust and reliable product. Basis of Presentation The interim unaudited condensed financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial statements and are in the form prescribed by the Securities and Exchange Commission in instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In management’s opinion, all adjustments (consisting of normal recurring adjustments and reclassifications) necessary to present fairly our results of operations and cash flows for the three months and six months ended June 30, 2023 and 2022, and our financial position as of June 30, 2023, have been made. The results of operations for such interim periods are not necessarily indicative of the operating results to be expected for the full year. Certain information and disclosures normally included in the notes to the annual financial statements have been condensed or omitted from these interim financial statements. Accordingly, these interim unaudited condensed financial statements should be read in conjunction with the financial statements and notes thereto for the year ended December 31, 2022. The December 31, 2022 balance sheet is derived from those statements. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the allowance for doubtful accounts receivable, valuation of inventory and standard cost allocations, depreciable lives of property and equipment, valuation of contingent consideration liability, valuation of intangible assets, estimates of loss contingencies, estimates of the valuation of lease liabilities and the related right of use assets, valuation of share-based costs, and the valuation allowance on deferred tax assets. Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses Concentrations Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist of cash and accounts receivable. The Company maintains its cash in banks and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts from inception through June 30, 2023. As of June 30, 2023, approximately $ 26.4 On March 10, 2023, Silicon Valley Bank (“SVB”) was closed by the California Department of Financial Protection and Innovation, which immediately appointed the Federal Deposit Insurance Corporation (“FDIC”) as receiver. At the time, the Company maintained all of its cash deposits with SVB. All deposits and substantially all of the assets of SVB were transferred to Silicon Valley Bridge Bank, N.A. (“SVBB”), which is no longer affiliated with SVB. On March 27, 2023, First-Citizens Bank & Trust Company entered into an agreement with the FDIC to purchase substantially all loans and certain other assets and assume all customer deposits and certain other liabilities of SVBB. The Company has full access to all of its deposited funds with SVBB and we have also established deposit accounts at Bank of America. Major Customers The Company continually assesses the financial strength of its customers. We are not aware of any material credit risks associated with our customers. 86 14 40 30 10 10 51 23 10 41 34 14 58 23 12 50 17 30 15 11 86 50 Significant Accounting Policies During the six months ended June 30, 2023, there were no changes to our significant accounting policies as described in our Annual Report on Form 10-K for the year ended December 31, 2022, except for the adoption of ASC Topic 326 effective January 1, 2023 with no material effect on the financial statements. Net Loss Per Share Basic net loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the periods presented. Diluted net loss per common share is computed using the weighted average number of common stock outstanding for the period, and, if dilutive, potential common stock outstanding during the period. Potential common stock consists of shares of common stock issuable upon the exercise of stock options, stock warrants, or other common stock equivalents. Potentially dilutive securities are excluded from the computation if their effect is anti-dilutive. Options to purchase 354,498 620,105 284,433 469,621 Segments The Company assesses its segment reporting based on how it internally manages and reports the results of its business to its chief operating decision maker. Management reviews financial results, manages the business and allocates resources on an aggregate basis. Therefore, financial results are reported in a single operating segment.

LIQUIDITY

LIQUIDITY	6 Months Ended
	Jun. 30, 2023
Liquidity
LIQUIDITY	2. LIQUIDITY The Company had net losses of $ 7.4 million 2.1 million 5.1 million 0.7 million 23.7 million 37.1 million 25 In 2022, the Company entered into a Common Stock Purchase Agreement and Registration Rights Agreement with B. Riley Principal Capital II, LLC (“B. Riley”) under which the Company has the right, but not the obligation, to sell up to $30.0 million shares or a maximum of 2.0 million shares of its common stock over a period of 24 months in its sole discretion (see note 11 for further information). The Company issued 198,033 The Company’s outstanding warrants generated $ 0.1 million 420,105 620,105 In March 2023, the Company secured a $ 100 million

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATION	3. BUSINESS COMBINATION All Cell Technologies, LLC On March 4, 2022, the Company completed its acquisition of substantially all the assets of All Cell Technologies, LLC (“All Cell”), a leader in energy storage solutions. This acquisition has increased and diversified our Company’s revenue, intellectual property portfolio and customer base, and improved our gross profitability and manufacturing capabilities. The Company purchased substantially all of the assets and business of All Cell for 1,055,000 In addition, All Cell is eligible to earn an additional number of shares of our common stock if the acquired energy storage business meets certain revenue milestones (the “Earnout Consideration”). The Earnout Consideration is: (i) two times the amount of energy storage products revenue and contracted backlog that is greater than $7.5 million for 2022, and (ii) two times the amount of energy storage products 2023 revenue which exceeds the greater of either $13.5 million or 135% of the 2022 cumulative revenue, capped at $20.0 million. Any revenues exceeding $20.0 million in 2023 will not be eligible for the Earnout Consideration. The maximum aggregate number of shares of our common stock that we will issue to All Cell for the Closing Consideration and Earnout Consideration will not exceed 1.8 million shares. Revenue from energy storage products used in Beam Global products will not be considered as contributing to revenue in the Earnout calculation. The valuation of the Earnout Consideration was performed using a two-factor Monte Carlo simulation, which includes estimates and assumptions such as forecasted revenues of All Cell, volatility, discount rates, share price and the milestone settlement value. As such valuation includes the use of unobservable inputs, it is considered to be a Level 3 measurement. The fair value of the Earnout Consideration is reassessed on a quarterly basis with the change recorded to operating expenses. Change in the fair value of the Earnout Consideration during the year ended December 31, 2022 and the six months ended June 30, 2023 is as follows (in thousands): Schedule of fair value earnout Balance as of December 31, 2021 $ – Acquisition of All Cell 1,251 Change in estimated fair value 5,540 Balance as of December 31, 2022 $ 6,791 Issue earnout shares for 2022 (7,051 ) Change in estimated fair value 261 Balance as of June 30, 2023 $ 1 Amiga DOO Kralievo On June 12, 2023, the Company and the stockholders (the “Sellers”) of Amiga DOO Kraljevo, a Serbian Company that manufactures specialized structures and equipment (“Amiga”), executed a binding Letter of Intent (the “LOI”) for Beam to acquire all the equity stock of Amiga subject to customary closing conditions including but not limited to the full satisfaction of Beam of its due diligence of Amiga. Amiga is a private, family-owned company, founded in 1990 in Kraljevo, Serbia. It employs approximately 210 employees, including a team of engineers. Its business includes, without limitation, production of (i) poles for public lighting; (ii) poles for mobile telephone, networks and transmission lines; (iii) poles for tram, trolleybus, and railways; (iv) poles for contact networks, masts, portals and semi-portals for road and railway signaling; (v) large steel lattice structures for specific purposes (e.g., stadiums, factories, power plants, etc.); and (vi) distribution and command electrical cabinets. Amiga currently has engineering, product development and manufacturing capabilities which we believe are well suited to manufacturing and perfecting Beam’s current products for the European market. Amiga is one of Europe’s leading manufacturers of streetlights and Beam believes it is well positioned to bring Beam’s patented EV Standard™ to market both in the EU and USA. Amiga’s team of engineers will be integrated with Beam’s current team which Beam believes will provide a valuable enhancement and acceleration of product development cycles. Amiga has disclosed to Beam that it generated over EUR 8.5M in revenue in 2022 and had a gross profit during that period. Amiga’s current customer list includes entities in 16 international nations which are similar to Beam’s current customers in the United States, creating what Beam believes will be a significant post-acquisition advantage in selling Beam’s products to an international customer base. Pursuant to the terms of the LOI, Beam will acquire all the equity stock of Amiga from the Sellers in exchange for cash and Beam common stock as set forth below. With respect to the cash portion of the purchase price, Beam will pay to the Sellers, (i) EUR 4,550,000 at closing and (ii) EUR 2,450,000 on or before December 31, 2023 (assuming closing has occurred on or before such date). With respect to the equity portion of the purchase price, Beam will also issue to the Sellers a certain number of shares of Beam common stock (at a price per share equal to the volume weighted average price of Beam’s common stock for the five trading days prior to the closing): (i) at the closing, such number of shares of Beam common stock equal to an aggregate of EUR 1,950,000, and (ii) on or before December 31, 2023, such number of shares of Beam common stock equal to an aggregate of EUR 1,050,000. In addition, each of the Sellers are eligible to earn additional shares of Beam common stock if such Seller is providing services to Beam and Amiga meets certain revenue milestones for fiscal years 2023 and 2024 (the “Earnout Consideration”). The Earnout Consideration that Sellers are eligible to receive for 2023 is equal to two times the amount of net revenue of Amiga (“Amiga Net Revenue”) that is greater than EUR 10,000,000 for 2023. The Earnout Consideration that Sellers are eligible to receive for 2024 is equal to (i) two times the amount of Amiga Net Revenue for 2024 that exceeds the greater of (i) EUR 13,500,000 or (ii) 135% of the Amiga Net Revenue for 2023. The Earnout Consideration for each period will be calculated based on the volume weighted average price of Beam’s common stock for the thirty trading days prior to the end of the applicable measurement period. In no event and under no circumstances will the Sellers receive from Beam or will Beam issue to the Sellers in connection with the Transaction Beam’s common stock in an amount that exceeds 19.99% of the outstanding common stock of Beam immediately prior to the closing. We expect the acquisition of Amiga to assist in introducing our products to the European Union, increasing and diversifying our revenues, enhancing our manufacturing and engineering capabilities, accelerating the development of EV Standard™ and other products both in Europe and the US, adding new customer segments in both Europe and the US, increasing barriers to entry for future competition, and advancing Beam’s position as a leader in the green economy.

INVENTORY

INVENTORY	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
INVENTORY	4. INVENTORY Inventory consists of the following (in thousands): Schedule of Inventory June 30, December 31, 2023 2022 Finished goods $ 428 $ 2,814 Work in process 2,155 1,771 Raw materials 9,747 7,661 Total inventory $ 12,330 $ 12,246

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	5. PROPERTY AND EQUIPMENT Property and equipment consist of the following (in thousands): Schedule of property and equipment June 30, December 31, 2023 2022 Office furniture and equipment $ 225 $ 186 Computer equipment and software 135 118 Leasehold improvements 222 180 Autos 595 337 Machinery and equipment 1,939 1,556 Total property and equipment 3,116 2,377 Less accumulated depreciation (1,114 ) (829 ) Property and Equipment, net $ 2,002 $ 1,548

INTANGIBLE ASSETS

INTANGIBLE ASSETS	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	6. INTANGIBLE ASSETS The intangible assets consist of the following (in thousands): Schedule of intangible assets December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-average Amortization Period (yrs) Developed technology $ 8,074 $ (612 ) $ 7,462 11 Trade name 1,756 (146 ) 1,610 10 Customer relationships 444 (49 ) 395 13 Backlog 185 (154 ) 31 1 Patents 491 (42 ) 449 20 Intangible assets $ 10,950 $ (1,003 ) $ 9,947 June 30, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-average Amortization Period (yrs) Developed technology $ 8,074 $ (979 ) $ 7,095 11 Trade name 1,756 (234 ) 1,522 10 Customer relationships 444 (83 ) 361 13 Backlog 185 (185 ) – 1 Patents 570 (48 ) 522 20 Intangible assets $ 11,029 $ (1,529 ) $ 9,500

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
ACCRUED EXPENSES	7. ACCRUED EXPENSES The major components of accrued expenses are summarized as follows (in thousands): Schedule of accrued expense June 30, December 31, 2023 2022 Accrued vacation $ 278 $ 190 Accrued salaries and bonus 1,821 1,220 Vendor accruals 1,184 85 Accrued warranty 62 160 Other accrued expense 179 32 Total accrued expenses $ 3,524 $ 1,687

NOTE PAYABLE

NOTE PAYABLE	6 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
NOTE PAYABLE	8. NOTE PAYABLE In May 2023, the Company purchased two new trucks and financed the purchase through an auto loan. The loan has a term of 60 months, requires monthly payments of approximately $ 4,452 7.55 37,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9 COMMITMENTS AND CONTINGENCIES Legal Matters: From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business. As of June 30, 2023, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the results of our operations. Other Commitments: The Company enters into various contracts or agreements in the normal course of business whereby such contracts or agreements may contain commitments. Since inception, the Company entered into agreements to act as a reseller for certain vendors; joint development contracts with third parties; referral agreements where the Company would pay a referral fee to the referrer for business generated; sales agent agreements whereby sales agents would receive a fee equal to a percentage of revenues generated by the agent; business development agreements and strategic alliance agreements where both parties agree to cooperate and provide business opportunities to each other and in some instances, provide for a right of first refusal with respect to certain projects of the other parties; agreements with vendors where the vendor may provide marketing, investor relations, public relations, software licenses, technical consulting or subcontractor services, vendor arrangements with non-binding minimum purchasing provisions, and financial advisory agreements where the financial advisor would receive a fee and/or commission for raising capital for the Company.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES There was no Federal income tax expense for the six months ended June 30, 2023 or 2022 due to the Company’s net losses. Income tax expense represents minimum state taxes due. As a result of the Company’s history of incurring operating losses, a full valuation allowance has been established to offset all deferred tax assets as of June 30, 2023 and no benefit has been provided for the year-to-date loss. On a quarterly basis, the company evaluates the positive and negative evidence to assess whether the more likely than not criteria have been satisfied in determining whether there will be further adjustments to the valuation allowance.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	11. STOCKHOLDERS’ EQUITY Committed Equity Facility On September 2, 2022, the Company entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) with B. Riley. Pursuant to the Purchase Agreement, the Company has the right, in its sole discretion, to sell to B. Riley up to $30.0 million, or a maximum of 2.0 million shares of the Company’s common stock at 97% of the volume weighted average price (“VWAP”) of the Company’s common stock on the trading day, calculated in accordance with the Purchase Agreement, over a period of 24 months subject to certain limitations and conditions contained in the Purchase Agreement. Sales and timing of any sales are solely at the election of the Company, and the Company is under no obligation to sell any common stock to B. Riley under the Purchase Agreement. As consideration for B. Riley’s commitment to purchase shares of the Company’s common stock, in September 2022, the Company issued B. Riley 10,484 10,484 The Company incurred an aggregate cost of approximately $0.5 million in connection with the Purchase Agreement, including the fair value of the 10,484 shares of common stock issued to B. Riley upon the execution of the agreement and the additional shares of 10,484 executed in April 2023, which were recorded as equity on the Balance Sheet and offset proceeds from the sale of the Company’s common stock under the Purchase Agreement. During the six months ended June 30, 2023, the Company issued 198,033 0.5 million Stock Issued For Services During the six months ended June 30, 2023, the Company issued 6,444 0.1 million Stock Options Option activity for the six months ended June 30, 2023 is as follows: Schedule of option activity Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Outstanding at December 31, 2022 336,758 12.54 Granted 28,000 14.56 Exercised – – Forfeited (10,260 ) 21.85 Outstanding at June 30, 2023 354,498 $ 12.43 6.75 The fair value of each option is estimated on the date of grant using the Black-Scholes option-pricing model using the assumptions in the table below and we assumed there would not be dividends granted for the options granted during the six months ended June 30, 2023 and 2022: Assumptions for options granted Six months ended June 30, 2023 Expected volatility 91.6 94.5 Expected term 6.5 7 Risk-free interest rate 3.55 3.77 Weighted-average FV $11.74 The Company’s stock option compensation expense was $ 0.1 million 0.2 million 0.1 million 0.2 million 1.0 million 4.0 0.8 million 0.7 million 276,836 77,662 Restricted Stock Units In November 2022, the Company granted 142,500 st There was no activity during the six months ended June 30, 2023. 142,500 71,250 13.05 Stock compensation expense related to the RSUs and PSUs was $ 0.6 million 2.0 million 1.67 Restricted Stock Awards The Company issues restricted stock to the members of its board of directors as compensation for such members’ services. Such grants generally vest ratably over four quarters. The Company also previously issued restricted stock awards to its CEO, for which generally 50% of the shares granted vest ratably over four quarters and the remaining 50% vest ratably over twelve quarters. The common stock related to these awards are issued to an escrow account on the date of grant and released to the grantee upon vesting. The fair value is determined based on the closing stock price of the Company’s common stock on the date granted and the related expense is recognized ratably over the vesting period. A summary of activity of the restricted stock awards for the six months ended June 30, 2023 is as follows: Schedule of restricted stock award activity Nonvested Shares Weighted-Average Grant Date Fair Value Nonvested at December 31, 2022 17,865 $ 14.11 Granted 18,375 11.40 Vested (17,928 ) 12.49 Nonvested at June 30, 2023 18,312 $ 12.97 Stock compensation expense related to restricted stock awards was $ 0.2 million As of June 30, 2023, there were unreleased shares of common stock representing $ 0.2 million 1.50 Warrants During the six months ended June 30, 2023, the Company issued warrants to purchase up to 200,000 1.6 million 0.1 A summary of activity of warrants outstanding for the six months ended June 30, 2023 is as follows: Schedule of common stock warrant activity Number of Warrants Weighted Average Exercise Price Outstanding at December 31, 2022 440,204 9.73 Granted 200,000 17.00 Exercised (20,099 ) 6.30 Outstanding at June 30, 2023 620,105 $ 9.75 Exercisable at June 30, 2023 620,105 $ 9.75 Exercisable warrants as of June 30, 2023 have a weighted average remaining contractual life of 2.08 1.7 million

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUES	12. REVENUES For each of the identified periods, revenues can be categorized into the following (in thousands): Schedule of disaggregated revenues Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Product sales $ 17,103 $ 3,192 $ 29,914 $ 6,754 Maintenance fees 18 9 34 20 Professional services 24 405 60 431 Shipping and handling 804 114 1,020 296 Discounts and allowances (130 ) (2 ) (189 ) (13 ) Total revenues $ 17,819 $ 3,718 $ 30,839 $ 7,488 During the six months ended June 30, 2023 and 2022, 13 43 10.3 10.4 At June 30, 2023 and December 31, 2022, deferred revenue was $ 1.1 million 1.4 million 0.7 million 1.1 million 0.4 million 0.3 million

NATURE OF OPERATIONS, BASIS O_2

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Beam Global, a Nevada corporation (hereinafter the “Company,” “us,” “we,” “our” or “Beam”), is a sustainable technology innovation company based in San Diego, California. We develop, manufacture, and sell high-quality, renewably energized infrastructure products for electric vehicle charging infrastructure, energy security, disaster preparedness and outdoor media advertising. We also produce proprietary energy storage battery products. Our Electric Vehicle (EV) charging infrastructure products are powered by locally generated renewable energy and enable vital and highly valuable services in locations where it is either too expensive, too disruptive, or impossible to connect to a utility grid, or where the requirements for electrical power are so important that grid failures, like blackouts, are intolerable. We do not compete with EV charging companies; rather, we enable such companies by providing infrastructure solutions that replace the time consuming and expensive process of construction and electrical work which are usually required to install traditional grid-tied EV chargers. We also do not compete with utilities. Our products provide utilities with another tool to deliver reliable and low-cost electricity to EV chargers and, in the case of a grid failure, to first responders and others, through our integrated emergency power panels. We also provide energy storage technologies that make commodity battery cells safer, longer lasting and more energy efficient and our battery management systems (BMS) and associated packaging make batteries safe and usable in a variety of mobility, energy-security, and stationary applications. Our charging infrastructure products are rapidly deployed without the need for construction or electrical work. We compete with the highly fragmented and disintegrated ecosystem of general contractors, electrical contractors, consultants, engineers, permitting specialists and others who are required to perform a traditional grid-tied EV charger installation construction and electrical project. Our clean-technology products are designed to replace a complicated, expensive, time-consuming and risk prone process with an easy, low total cost of ownership, robust and reliable product.
Basis of Presentation	Basis of Presentation The interim unaudited condensed financial statements included herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial statements and are in the form prescribed by the Securities and Exchange Commission in instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In management’s opinion, all adjustments (consisting of normal recurring adjustments and reclassifications) necessary to present fairly our results of operations and cash flows for the three months and six months ended June 30, 2023 and 2022, and our financial position as of June 30, 2023, have been made. The results of operations for such interim periods are not necessarily indicative of the operating results to be expected for the full year. Certain information and disclosures normally included in the notes to the annual financial statements have been condensed or omitted from these interim financial statements. Accordingly, these interim unaudited condensed financial statements should be read in conjunction with the financial statements and notes thereto for the year ended December 31, 2022. The December 31, 2022 balance sheet is derived from those statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates in the accompanying financial statements include the allowance for doubtful accounts receivable, valuation of inventory and standard cost allocations, depreciable lives of property and equipment, valuation of contingent consideration liability, valuation of intangible assets, estimates of loss contingencies, estimates of the valuation of lease liabilities and the related right of use assets, valuation of share-based costs, and the valuation allowance on deferred tax assets.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses
Concentrations	Concentrations Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist of cash and accounts receivable. The Company maintains its cash in banks and financial institution deposits that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts from inception through June 30, 2023. As of June 30, 2023, approximately $ 26.4 On March 10, 2023, Silicon Valley Bank (“SVB”) was closed by the California Department of Financial Protection and Innovation, which immediately appointed the Federal Deposit Insurance Corporation (“FDIC”) as receiver. At the time, the Company maintained all of its cash deposits with SVB. All deposits and substantially all of the assets of SVB were transferred to Silicon Valley Bridge Bank, N.A. (“SVBB”), which is no longer affiliated with SVB. On March 27, 2023, First-Citizens Bank & Trust Company entered into an agreement with the FDIC to purchase substantially all loans and certain other assets and assume all customer deposits and certain other liabilities of SVBB. The Company has full access to all of its deposited funds with SVBB and we have also established deposit accounts at Bank of America. Major Customers The Company continually assesses the financial strength of its customers. We are not aware of any material credit risks associated with our customers. 86 14 40 30 10 10 51 23 10 41 34 14 58 23 12 50 17 30 15 11 86 50
Significant Accounting Policies	Significant Accounting Policies During the six months ended June 30, 2023, there were no changes to our significant accounting policies as described in our Annual Report on Form 10-K for the year ended December 31, 2022, except for the adoption of ASC Topic 326 effective January 1, 2023 with no material effect on the financial statements.
Net Loss Per Share	Net Loss Per Share Basic net loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding during the periods presented. Diluted net loss per common share is computed using the weighted average number of common stock outstanding for the period, and, if dilutive, potential common stock outstanding during the period. Potential common stock consists of shares of common stock issuable upon the exercise of stock options, stock warrants, or other common stock equivalents. Potentially dilutive securities are excluded from the computation if their effect is anti-dilutive. Options to purchase 354,498 620,105 284,433 469,621
Segments	Segments The Company assesses its segment reporting based on how it internally manages and reports the results of its business to its chief operating decision maker. Management reviews financial results, manages the business and allocates resources on an aggregate basis. Therefore, financial results are reported in a single operating segment.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of fair value earnout	Schedule of fair value earnout Balance as of December 31, 2021 $ – Acquisition of All Cell 1,251 Change in estimated fair value 5,540 Balance as of December 31, 2022 $ 6,791 Issue earnout shares for 2022 (7,051 ) Change in estimated fair value 261 Balance as of June 30, 2023 $ 1

INVENTORY (Tables)

INVENTORY (Tables)	6 Months Ended
	Jun. 30, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory	Schedule of Inventory June 30, December 31, 2023 2022 Finished goods $ 428 $ 2,814 Work in process 2,155 1,771 Raw materials 9,747 7,661 Total inventory $ 12,330 $ 12,246

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment June 30, December 31, 2023 2022 Office furniture and equipment $ 225 $ 186 Computer equipment and software 135 118 Leasehold improvements 222 180 Autos 595 337 Machinery and equipment 1,939 1,556 Total property and equipment 3,116 2,377 Less accumulated depreciation (1,114 ) (829 ) Property and Equipment, net $ 2,002 $ 1,548

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets December 31, 2022 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-average Amortization Period (yrs) Developed technology $ 8,074 $ (612 ) $ 7,462 11 Trade name 1,756 (146 ) 1,610 10 Customer relationships 444 (49 ) 395 13 Backlog 185 (154 ) 31 1 Patents 491 (42 ) 449 20 Intangible assets $ 10,950 $ (1,003 ) $ 9,947 June 30, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-average Amortization Period (yrs) Developed technology $ 8,074 $ (979 ) $ 7,095 11 Trade name 1,756 (234 ) 1,522 10 Customer relationships 444 (83 ) 361 13 Backlog 185 (185 ) – 1 Patents 570 (48 ) 522 20 Intangible assets $ 11,029 $ (1,529 ) $ 9,500

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2023
Payables and Accruals [Abstract]
Schedule of accrued expense	Schedule of accrued expense June 30, December 31, 2023 2022 Accrued vacation $ 278 $ 190 Accrued salaries and bonus 1,821 1,220 Vendor accruals 1,184 85 Accrued warranty 62 160 Other accrued expense 179 32 Total accrued expenses $ 3,524 $ 1,687

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
Schedule of option activity	Schedule of option activity Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life Outstanding at December 31, 2022 336,758 12.54 Granted 28,000 14.56 Exercised – – Forfeited (10,260 ) 21.85 Outstanding at June 30, 2023 354,498 $ 12.43 6.75
Assumptions for options granted	Assumptions for options granted Six months ended June 30, 2023 Expected volatility 91.6 94.5 Expected term 6.5 7 Risk-free interest rate 3.55 3.77 Weighted-average FV $11.74
Schedule of restricted stock award activity	Schedule of restricted stock award activity Nonvested Shares Weighted-Average Grant Date Fair Value Nonvested at December 31, 2022 17,865 $ 14.11 Granted 18,375 11.40 Vested (17,928 ) 12.49 Nonvested at June 30, 2023 18,312 $ 12.97
Schedule of common stock warrant activity	Schedule of common stock warrant activity Number of Warrants Weighted Average Exercise Price Outstanding at December 31, 2022 440,204 9.73 Granted 200,000 17.00 Exercised (20,099 ) 6.30 Outstanding at June 30, 2023 620,105 $ 9.75 Exercisable at June 30, 2023 620,105 $ 9.75

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of disaggregated revenues	Schedule of disaggregated revenues Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Product sales $ 17,103 $ 3,192 $ 29,914 $ 6,754 Maintenance fees 18 9 34 20 Professional services 24 405 60 431 Shipping and handling 804 114 1,020 296 Discounts and allowances (130 ) (2 ) (189 ) (13 ) Total revenues $ 17,819 $ 3,718 $ 30,839 $ 7,488

NATURE OF OPERATIONS, BASIS O_3

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Product Information [Line Items]
Uninsured cash	$ 26,400		$ 26,400
Options [Member]
Product Information [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			354,498	284,433
Warrants [Member]
Product Information [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			620,105	469,621
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | State And Local Government [Member]
Product Information [Line Items]
Concentration Risk, Percentage	86%	50%	86%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Commercial Customers [Member]
Product Information [Line Items]
Concentration Risk, Percentage			14%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer 1 [Member]
Product Information [Line Items]
Concentration Risk, Percentage	40%	41%	51%	58%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer 2 [Member]
Product Information [Line Items]
Concentration Risk, Percentage	30%	34%	23%	23%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer 3 [Member]
Product Information [Line Items]
Concentration Risk, Percentage	10%	14%	10%	12%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer 4 [Member]
Product Information [Line Items]
Concentration Risk, Percentage	10%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer 1 [Member]
Product Information [Line Items]
Concentration Risk, Percentage			50%		30%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer 2 [Member]
Product Information [Line Items]
Concentration Risk, Percentage			17%		15%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer 3 [Member]
Product Information [Line Items]
Concentration Risk, Percentage					11%

LIQUIDITY (Details Narrative)

LIQUIDITY (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net Income (Loss) Available to Common Stockholders, Basic	$ 7,400,000	$ 5,100,000
Other Noncash Expense	2,100,000	700,000
Cash Equivalents, at Carrying Value	23,700,000
Working capital	37,100,000
Received net proceeds	25,000
Proceeds from Issuance of Warrants	$ 25,424,000	0
Class of Warrant or Right, Outstanding	620,105
Credit facility with OCI Group	$ 100,000,000
Nasdaq Up Listing [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Class of Warrant or Right, Outstanding	420,105
Warrants [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from Issuance of Warrants		$ 100,000
B Riley Capital [Member] | Common Stock Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock Issued During Period, Shares, New Issues	198,033,000

BUSINESS COMBINATION (Details -

BUSINESS COMBINATION (Details - Fair value earnout) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	$ 1	$ 6,791
Acquisition of All Cell		1,251
Change in estimated fair value	261	5,540
Fair value of earnout consideration, beginning	6,791	0
Issue earnout shares for 2022	(7,051)
Fair value of earnout consideration, ending	$ 1	$ 6,791

BUSINESS COMBINATION (Details N

BUSINESS COMBINATION (Details Narrative)	Mar. 04, 2022 shares
All Cell Technologies [Member]
Business Acquisition [Line Items]
Share issued	1,055,000

INVENTORY (Details)

INVENTORY (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 428	$ 2,814
Work in process	2,155	1,771
Raw materials	9,747	7,661
Total inventory	$ 12,330	$ 12,246

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 3,116	$ 2,377
Less accumulated depreciation	(1,114)	(829)
Property, Plant and Equipment, Net	2,002	1,548
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	225	186
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	135	118
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	222	180
Autos [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	595	337
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,939	$ 1,556

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 11,029	$ 10,950
Finite-Lived Intangible Assets, Accumulated Amortization	(1,529)	(1,003)
Finite-Lived Intangible Assets, Net	9,500	9,947
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	8,074	8,074
Finite-Lived Intangible Assets, Accumulated Amortization	(979)	(612)
Finite-Lived Intangible Assets, Net	$ 7,095	$ 7,462
Finite-Lived Intangible Asset, Useful Life	11 years	11 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 1,756	$ 1,756
Finite-Lived Intangible Assets, Accumulated Amortization	(234)	(146)
Finite-Lived Intangible Assets, Net	$ 1,522	$ 1,610
Finite-Lived Intangible Asset, Useful Life	10 years	10 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 444	$ 444
Finite-Lived Intangible Assets, Accumulated Amortization	(83)	(49)
Finite-Lived Intangible Assets, Net	$ 361	$ 395
Finite-Lived Intangible Asset, Useful Life	13 years	13 years
Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 185	$ 185
Finite-Lived Intangible Assets, Accumulated Amortization	(185)	(154)
Finite-Lived Intangible Assets, Net	$ 0	$ 31
Finite-Lived Intangible Asset, Useful Life	1 year	1 year
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 570	$ 491
Finite-Lived Intangible Assets, Accumulated Amortization	(48)	(42)
Finite-Lived Intangible Assets, Net	$ 522	$ 449
Finite-Lived Intangible Asset, Useful Life	20 years	20 years

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued vacation	$ 278	$ 190
Accrued salaries and bonus	1,821	1,220
Vendor accruals	1,184	85
Accrued warranty	62	160
Other accrued expense	179	32
Total accrued expenses	$ 3,524	$ 1,687

NOTE PAYABLE (Details Narrative

NOTE PAYABLE (Details Narrative)	1 Months Ended
	May 31, 2023 USD ($)
Debt Disclosure [Abstract]
Monthly payments	$ 4,452
Bears interest rate	7.55%
Loan short-term blance	$ 37,000

STOCKHOLDERS' EQUITY Schedule o

STOCKHOLDERS' EQUITY Schedule of option activity (Details) - Equity Option [Member]	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Options Outstanding, Beginning | shares	336,758
Weighted Average Exercise Price Outstanding, Beginning | $ / shares	$ 12.54
Number of Options Granted | shares	28,000
Weighted Average Exercise Price Granted | $ / shares	$ 14.56
Number of Options Exercised | shares	0
Weighted Average Exercise Price Exercised | $ / shares	$ 0
Number of Options Forfeited | shares	(10,260)
Weighted Average Exercise Price Forfeited | $ / shares	$ 21.85
Number of Options Outstanding, Ending | shares	354,498
Weighted Average Exercise Price Outstanding, Ending | $ / shares	$ 12.43
Weighted Average Remaining Contractual Life	6 years 9 months

STOCKHOLDERS' EQUITY Assumption

STOCKHOLDERS' EQUITY Assumptions for options granted (Details) - Share-Based Payment Arrangement, Option [Member]	6 Months Ended
	Jun. 30, 2023 $ / shares
Weighted-average FV	$ 11.74
Minimum [Member]
Expected volatility	91.60%
Expected remaining term	6 years 6 months
Risk-free interest rate	3.55%
Maximum [Member]
Expected volatility	94.50%
Expected remaining term	7 years
Risk-free interest rate	3.77%

STOCKHOLDERS' EQUITY Schedule_2

STOCKHOLDERS' EQUITY Schedule of restricted stock award activity (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Equity [Abstract]
Number of Nonvested Shares Outstanding, Beginning | shares	17,865
Weighted Average Exercise Price Outstanding, Beginning | $ / shares	$ 14.11
Number of Nonvested Shares Granted | shares	18,375
Weighted Average Exercise Price Granted | $ / shares	$ 11.40
Number of Nonvested Shares Vested | shares	(17,928)
Weighted Average Exercise Price Vested | $ / shares	$ 12.49
Number of Nonvested Shares Outstanding, Ending | shares	18,312
Weighted Average Exercise Price Outstanding, Ending | $ / shares	$ 12.97

STOCKHOLDERS' EQUITY Warrant ac

STOCKHOLDERS' EQUITY Warrant activity (Details)	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Warrants Outstanding, Ending	620,105
Warrant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Warrants Outstanding, Beginning	440,204
Weighted Average Exercise Price Outstanding, Beginning | $ / shares	$ 9.73
Number of Warrants Granted	200,000
Weighted Average Exercise Price Granted | $ / shares	$ 17
Number of Warrants Exercised	(20,099)
Weighted Average Exercise Price Exercised | $ / shares	$ 6.30
Number of Warrants Outstanding, Ending	620,105
Weighted Average Exercise Price Outstanding, Ending | $ / shares	$ 9.75
Number of Warrants Exercisable	620,105
Weighted Average Exercise Price Exercisable | $ / shares	$ 9.75

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	1 Months Ended			3 Months Ended		6 Months Ended
	Apr. 30, 2023	Nov. 30, 2022	Sep. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Offsetting Assets [Line Items]
Unrecognized compensation costs						$ 1,000,000
Number of stock options vested						276,836
Number of stock options unvested				18,312		18,312		17,865
Restricted stock units granted						18,375
Weighted average grant date fair values						$ 11.40
Unrecognized restricted stock grant expense						1 year 6 months
Equity Option [Member]
Offsetting Assets [Line Items]
Stock compensation expense				$ 100,000	$ 100,000	$ 200,000	$ 200,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition						4 years
Intrinsic value of options outstanding				800,000		$ 800,000
Intrinsic value of options exercised outstanding				$ 700,000		$ 700,000
Number of stock options unvested				77,662		77,662
Restricted Stock Units (RSUs) [Member]
Offsetting Assets [Line Items]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition						1 year 8 months 1 day
Stock units outstanding						71,250
Weighted average grant date fair values						$ 13.05
Unrecognized restricted stock grant expense				$ 2,000,000		$ 2,000,000
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member]
Offsetting Assets [Line Items]
Restricted stock units granted		142,500
Performance Stock Units [Member]
Offsetting Assets [Line Items]
Stock units outstanding						142,500
R S Us And P S Us [Member]
Offsetting Assets [Line Items]
Stock compensation expense						$ 600,000
Restricted Stock [Member]
Offsetting Assets [Line Items]
Stock compensation expense						200,000	$ 200,000
Restricted Stock Grants [Member]
Offsetting Assets [Line Items]
Unrecognized restricted stock grant expense				200,000		$ 200,000
Warrant [Member]
Offsetting Assets [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms						2 years 29 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding				$ 1,700,000		$ 1,700,000
B Riley Purchase Agreement [Member]
Offsetting Assets [Line Items]
Stock Issued During Period, Shares, New Issues	10,484		10,484			198,033
Payments of Stock Issuance Costs						$ 500,000
Marketing Services [Member]
Offsetting Assets [Line Items]
Stock issued for services, shares						6,444
Stock issued for services, value						$ 100,000
Investor Relations Services [Member] | Consultant [Member]
Offsetting Assets [Line Items]
Warrants issued, shares						200,000
Fair value of warrants issued						1,600,000
Warrant expense						$ 100

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 17,819	$ 3,718	$ 30,839	$ 7,488
Discounts and allowances	(130)	(2)	(189)	(13)
Product [Member]
Disaggregation of Revenue [Line Items]
Revenues	17,103	3,192	29,914	6,754
Maintenance [Member]
Disaggregation of Revenue [Line Items]
Revenues	18	9	34	20
Service, Other [Member]
Disaggregation of Revenue [Line Items]
Revenues	24	405	60	431
Shipping and Handling [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 804	$ 114	$ 1,020	$ 296

REVENUES (Details Narrative)

REVENUES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	$ 1,100,000		$ 1,400,000
Product Deposits [Member]
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	700,000		1,100,000
Maintenance Fees [Member]
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability	$ 400,000		$ 300,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | International Sales [Member]
Disaggregation of Revenue [Line Items]
Concentration percentage	10.30%	10.40%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | California Customers [Member]
Disaggregation of Revenue [Line Items]
Concentration percentage	13%	43%