Beam Global (BEEM) 10-Q 14 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 12, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2024
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
Title of 12(b) Security	Common stock, $0.001 par value
Trading Symbol	BEEM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		14,773,901

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash	$ 4,874	$ 10,393
Accounts receivable, net of allowance for credit losses of $324 and $448	11,343	15,943
Prepaid expenses and other current assets	2,187	2,453
Inventory, net	12,714	11,933
Total current assets	31,118	40,722
Property and equipment, net	14,909	16,513
Operating lease right of use assets	1,831	1,026
Goodwill	11,027	10,270
Intangible assets, net	8,271	9,050
Deposits	106	62
Total assets	67,262	77,643
Current liabilities
Accounts payable	8,349	9,732
Accrued expenses	2,968	2,737
Sales tax payable	233	209
Deferred revenue, current	787	828
Note payable, current	62	40
Deferred consideration, current	0	2,713
Operating lease liabilities, current	851	615
Total current liabilities	13,250	16,874
Deferred revenue, noncurrent	794	402
Note payable, noncurrent	215	160
Contingent consideration, noncurrent	456	4,725
Other liabilities, noncurrent	3,372	3,787
Deferred tax liabilities, noncurrent	1,716	1,698
Operating lease liabilities, noncurrent	1,035	455
Total liabilities	20,838	28,101
Stockholders' equity
Preferred stock, $0.001 par value, 10,000,000 authorized, none outstanding as of September 30, 2024 and December 31, 2023.	0	0
Common stock, $0.001 par value, 350,000,000 shares authorized, 14,773,901 and 14,398,243 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively.	15	14
Additional paid-in-capital	145,553	142,265
Accumulated deficit	(100,017)	(93,361)
Accumulated Other Comprehensive Income (AOCI)	873	624
Total stockholders' equity	46,424	49,542
Total liabilities and stockholders' equity	$ 67,262	$ 77,643

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, net of allowance for credit losses	$ 324	$ 448
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	$ 0.001	$ 0.001
Common stock, shares authorized	350,000,000	350,000,000
Common stock, shares issued	14,773,901	14,398,243
Common stock, shares outstanding	14,773,901	14,398,243

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenues	$ 11,482	$ 16,486	$ 40,855	$ 47,325
Cost of revenues	10,251	16,203	35,789	46,536
Gross profit	1,231	283	5,066	789
Operating expenses	(51)	4,037	11,623	11,925
Income/Loss from operations	1,282	(3,754)	(6,557)	(11,136)
Other income (expense)
Interest income	58	136	167	161
Other (expense) income	(33)	(7)	(238)	4
Interest expense	(10)	(4)	(28)	(6)
Other income	15	125	(99)	159
Income/Loss before income tax expense	1,297	(3,629)	(6,656)	(10,977)
Income tax expense	0	0	0	13
Net Income/Loss	1,297	(3,629)	(6,656)	(10,990)
Net foreign currency translation adjustments	673	0	249	0
Total Comprehensive Income/Loss	$ 1,970	$ (3,629)	$ (6,407)	$ (10,990)
Net loss per share - basic	$ 0.09	$ (0.26)	$ (0.46)	$ (0.79)
Net loss per share - diluted	$ 0.09	$ (0.26)	$ (0.46)	$ (0.79)
Weighted average shares outstanding - basic	14,702	13,936	14,558	13,939
Weighted average shares outstanding - diluted	14,711	13,936	14,558	13,939

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2022	$ 10	$ 100,498	$ (77,301)	$ 0	$ 23,207
Beginning balance, shares at Dec. 31, 2022	10,178
Stock issued for director services - vested		76			76
Stock issued for director services - vested, shares	6
Stock issued to (released from) escrow account - unvested	$ 0	0	0	0	0
Stock issued to (released from) escrow account - unvested, shares	(6)
Stock-based compensation to consultants		1,704			1,704
Stock-based compensation to consultants, shares	6
Employee stock-based compensation expense		438			438
Warrants exercised for cash		100			100
Warrants exercised for cash, shares	16
Sale of stock under Committed Equity Facility		158			158
Sale of stock under Committed Equity Facility, shares	38
Net loss			(3,831)		(3,831)
Ending balance, value at Mar. 31, 2023	$ 10	102,974	(81,132)	0	21,852
Ending balance, shares at Mar. 31, 2023	10,238
Beginning balance, value at Dec. 31, 2022	$ 10	100,498	(77,301)	0	23,207
Beginning balance, shares at Dec. 31, 2022	10,178
Net loss					(10,990)
Ending balance, value at Sep. 30, 2023	$ 14	138,507	(88,291)	0	50,230
Ending balance, shares at Sep. 30, 2023	13,937
Beginning balance, value at Mar. 31, 2023	$ 10	102,974	(81,132)	0	21,852
Beginning balance, shares at Mar. 31, 2023	10,238
Stock issued for director services - vested		148			148
Stock issued for director services - vested, shares	12
Stock issued to (released from) escrow account - unvested	$ 0	0	0	0	0
Stock issued to (released from) escrow account - unvested, shares	6
Settlement of earnout related to acquisition	$ 1	7,050			7,051
Settlement of earnout related to acquisition, shares	447
Employee stock-based compensation expense		427			427
Proceeds from issuance of common stock, pursuant to public offering	$ 3	25,421			25,424
Proceeds from issuance of common stock, pursuant to public offering, shares	3,063
Warrants exercised for cash		26			26
Warrants exercised for cash, shares	4
Sale of stock under Committed Equity Facility		1,956			1,956
Sale of stock under Committed Equity Facility, shares	171
Net loss			(3,530)		(3,530)
Ending balance, value at Jun. 30, 2023	$ 14	138,002	(84,662)	0	53,354
Ending balance, shares at Jun. 30, 2023	13,941
Stock issued for director services - vested		77			77
Stock issued for director services - vested, shares	6
Stock issued to (released from) escrow account - unvested	$ 0	0	0	0	0
Stock issued to (released from) escrow account - unvested, shares	(12)
Employee stock-based compensation expense		424			424
Warrants exercised for cash		11			11
Warrants exercised for cash, shares	2
Expenses to maintain Committed Equity Facility		(7)			(7)
Net loss			(3,629)		(3,629)
Ending balance, value at Sep. 30, 2023	$ 14	138,507	(88,291)	0	50,230
Ending balance, shares at Sep. 30, 2023	13,937
Beginning balance, value at Dec. 31, 2023	$ 14	142,265	(93,361)	625	49,542
Stock issued for director services - vested		6			6
Stock issued for director services - vested, shares	0
Stock issued to (released from) escrow account - unvested	$ 0	0	0	0	0
Stock issued to (released from) escrow account - unvested, shares	0
Employee stock-based compensation expense		468			468
Warrants exercised for cash		252			252
Warrants exercised for cash, shares	40
Impact of foreign currency translation				(329)	(329)
Net loss			(3,037)		(3,037)
Ending balance, value at Mar. 31, 2024	$ 14	142,991	(96,398)	296	46,902
Ending balance, shares at Mar. 31, 2024	14,438
Beginning balance, value at Dec. 31, 2023	$ 14	142,265	(93,361)	625	49,542
Net loss					(6,656)
Ending balance, value at Sep. 30, 2024	$ 14	145,553	(100,017)	873	46,424
Ending balance, shares at Sep. 30, 2024	14,774
Beginning balance, value at Mar. 31, 2024	$ 14	142,991	(96,398)	296	46,902
Beginning balance, shares at Mar. 31, 2024	14,438
Stock issued for director services - vested		6			6
Stock issued for director services - vested, shares	0
Stock issued to (released from) escrow account - unvested	$ 0	0	0	0	0
Stock issued to (released from) escrow account - unvested, shares	0
Employee stock-based compensation expense		446			446
Warrants exercised for cash		558			558
Warrants exercised for cash, shares	88
Impact of foreign currency translation				(95)	(95)
Sale of stock under Committed Equity Facility		496			496
Sale of stock under Committed Equity Facility, shares	82
Net loss			(4,916)		(4,916)
Ending balance, value at Jun. 30, 2024	$ 14	144,497	(101,314)	201	43,397
Ending balance, shares at Jun. 30, 2024	14,608
Stock issued for director services - vested		350			350
Stock issued for director services - vested, shares	56
Stock issued to (released from) escrow account - unvested	$ 0	0	0	0	0
Stock issued to (released from) escrow account - unvested, shares	98
Employee stock-based compensation expense		483			483
Stock option exercise and restricted stock unit vestings (cashless)		(164)			(164)
Stock option exercise and restricted stock unit vestings (cashless), shares	12
Proceeds from issuance of common stock, pursuant to public offering	$ 1				1
Impact of foreign currency translation				673	673
Stock issued for acquisition and expenses		387			387
Net loss			1,297		1,297
Ending balance, value at Sep. 30, 2024	$ 14	$ 145,553	$ (100,017)	$ 873	$ 46,424
Ending balance, shares at Sep. 30, 2024	14,774

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Operating Activities:
Net income (loss)	$ 1,297	$ (3,037)	$ (3,629)	$ (3,831)	$ (6,656)	$ (10,990)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization					2,815	1,054
Provision on credit losses					(124)	0
Common stock issued for services					0	301
Change in fair value of contingent consideration liabilities					(4,269)	260
Employee stock-based compensation					2,001	1,289
Disposal of property and equipment					65	0
Amortization of operating lease right of use asset					616	0
Abandoned patent costs					75	0
Stock Compensation expense for non-employees					0	264
(Increase) decrease in:
Accounts receivable					4,997	(10,463)
Prepaid expenses and other current assets					39	479
Inventory					(352)	(1,149)
Deposits					(44)	0
Increase (decrease) in:
Accounts payable					(1,691)	4,341
Accrued expenses					219	1,390
Operating lease liability					(605)	0
Sales tax payable					23	59
Deferred revenue					348	(603)
Other long term liabilities					(509)	0
Net cash used in operating activities					(3,052)	(13,768)
Investing Activities:
Acquisition, net of cash acquired					(513)	0
Purchase of property and equipment					(431)	(787)
Payment of Deferred Consideration					(2,714)	0
Funding of patent costs					0	(94)
Net cash used in investing activities					(3,658)	(881)
Financing Activities:
Proceeds from sale of common stock under committed equity facility, net of offering costs					496	2,107
Taxes paid related to net share settlement of equity awards					(164)	0
Proceeds from warrant exercises					810	137
Borrowings of note payable					76	209
Payments of equity offering costs					0	(151)
Proceeds from issuance of common stock, pursuant to public offering					0	25,424
Net cash provided by financing activities					1,218	27,726
Effect of exchange rate changes					(27)	0
Net (decrease) increase in cash					(5,518)	13,077
Cash at beginning of period		$ 10,393		$ 1,681	10,393	1,681	$ 1,681
Cash at end of period	$ 4,874		$ 14,758		4,874	14,758	$ 10,393
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest					28	6
Cash paid for taxes					0	13
Supplemental Disclosure of Non-Cash Investing and Financing Activities:
Fair value of common stock issued as consideration for business combination					387	7,051
Purchase of property and equipment by incurring debt					0	209
Purchase of property and equipment by incurring current liabilities					431	0
Right-of-use assets obtained in exchange for lease liabilities					1,421	0
Issuance of stock for Committed Equity Line					0	140
Warrants issued for services to non-employee					0	1,609
Shares issued for services to non-employee					$ 0	$ 95

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ 1,297	$ (4,916)	$ (3,037)	$ (3,629)	$ (3,530)	$ (3,831)	$ (6,656)	$ (10,990)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

NATURE OF OPERATIONS, BASIS OF

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
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 References in this Report to “we,” “us,” “our,” the “Company” or “Beam” means Beam Global, a Nevada corporation, and its subsidiaries. Beam is a sustainable technology innovation company based in San Diego, California; Broadview, Illinois; Belgrade and Kraljevo, Serbia. We develop, design, engineer, manufacture and sell high-quality, renewably energized infrastructure products for electric vehicle (“EV”) charging, energy security and disaster preparedness. We also manufacture highly energy-dense battery solutions in safe, compact and unique form-factors. Additionally, we manufacture street lighting, communications and energy infrastructure products. Beam’s products enable vital and highly valuable energy production in locations where it is either too expensive or too impactful to connect to the utility grid, or where the requirements for electrical power are so important that grid failures, like blackouts, are intolerable. Beam’s energy storage products provide high energy density in a safe, compact and bespoke form-factors, which we believe are ideal for the rapidly growing mobile and stationary equipment product market which often requires electrical energy without being connected to the electrical grid. Beam’s products and proprietary technology solutions target the following markets: · electric vehicle (EV) charging infrastructure; · energy storage solutions; · energy security and disaster preparedness; · mobile and stationary equipment; · transportation infrastructure products; and · power electronics and telecommunications equipment Basis of Presentation The interim unaudited condensed consolidated 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 nine months ending September 30, 2024 and 2023, and our financial position as of September 30, 2024, 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 consolidated financial statements should be read in conjunction with the financial statements and notes thereto for the year ended December 31, 2023. The December 31, 2023 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 certain expected credit losses (CECL), 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 October 2023, the FASB issued ASU 2023-06, “Disclosure Improvements” (“ASU 2023-06”), which amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification (the “Codification”). The ASU was issued in response to the SEC’s disclosure update and simplification initiative issued in August 2018. The effective date for the amendments for each topic will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoptions prohibited.   In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07 requiring enhanced segment disclosures. ASU 2023-07 requires disclosure of significant segment expenses regularly provided to the chief operating decision maker (“CODM”) included within segment operating profit or loss. Additionally, ASU 12 2023-07 requires a description of how the CODM utilizes segment operating profit or loss to assess segment performance. The requirements of ASU 2023-07 are effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company's annual reporting requirements will be effective for the year ending 2024 and interim reporting requirements will be effective beginning with the first quarter of fiscal 2025. Early adoption is permitted, and retrospective application is required for all periods presented. The Company is in the process of analyzing the impact of ASU 2023-07 on its related Condensed Consolidated Financial Statements. In December 2023, the FASB issued ASU No. 2023-09, “ Income Taxes (Topic 740): Improvements to Income Tax Disclosures 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 institutions that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts from inception through September 30, 2024. As of September 30, 2024, approximately $ 4.1 million 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. 52 48 18 19 11 11 10 10 10 82 A summary of the allowance for credit losses for the nine months ending September 30, 2024 and December 31, 2023: Summary of allowance for credit losses September 30, December 31, (Dollars in thousands) 2024 2023 Allowance for credit losses: Beginning of period $ 448 $ – Net provision for credit losses (7 ) 448 (Charge-offs)/recoveries, net (117 ) – End of Period $ 324 $ 448 Allowance for credit losses as a % of total Accounts Receivable 2.9% 2.8% Fair Value Measurement The Company follows the authoritative guidance that establishes a formal framework for measuring fair values of assets and liabilities in the consolidated financial statements that are already required by generally accepted accounting principles to be measured at fair value. The guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The transaction is based on a hypothetical transaction in the principal or most advantageous market considered from the perspective of the market participant that holds the asset or owes the liability. The Company utilizes market data or assumptions that market participants who are independent, knowledgeable, and willing and able to transact would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable. The Company attempts to utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The Company is able to classify fair value balances based on the observability of those inputs. The guidance establishes a formal fair value hierarchy based on the inputs used to measure fair value. The hierarchy gives the highest priority to Level 1 measurements and the lowest priority to level 3 measurements, and accordingly, Level 1 measurement should be used whenever possible. The hierarchy is broken down into three levels based on the reliability of inputs as follows: Level 1 – Quoted prices in active markets for identical assets or liabilities or published net asset value for alternative investments with characteristics similar to a mutual fund. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 – Unobservable inputs for the asset or liability. The methods used may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while management believes its valuation methods are appropriate, the fair value of certain financial instruments could result in a difference fair value measurement at the reporting date. There were no changes in the Company’s valuation methodologies from the prior year. For purpose of this disclosure, the carrying amounts for financial assets and liabilities such as cash and cash equivalents, accounts receivable – trade, other prepaid expenses and current assets, accounts payable and other current liabilities, all approximate fair value due to their short-term nature as of September 30, 2024. The Company had Level 3 liabilities as of September 30, 2024. There were no transfers between levels during the reporting period. Schedule of contingent consideration Level 1 Level 2 Level 3 Contingent Consideration as of December 31, 2023 $ – $ – $ 4,725 Additions – – 276 Change in fair value – – (4,545 ) Contingent Consideration as of September 30, 2024 $ – $ – $ 456 Significant Accounting Policies During the nine months ended September 30, 2024, 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, 2023. Net Earnings (Loss) Per Share Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common stock outstanding during the periods presented using the treasury stock method for options, restricted stocks and warrants. Diluted net income (loss) per share is computed By giving effect to all potential dilutive common share equivalents outstanding for the period. For periods in which Beam has reported net losses, diluted loss per share is the same as basic loss per share, as the effects of common stock equivalents outstanding and shares issuable upon conversion of convertible debt instruments are antidilutive and, therefore, excluded from the calculation of diluted loss per share. Options to purchase 703,658 200,000 363,598 618,395 The following table presents the calculation of basic and diluted loss per share: Calculation of earnings (loss) per share Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands, except per share data) Numerator: Numerator for basic and diluted loss per share - net income (loss) $ 1,297 $ (3,629 ) $ (6,656 ) $ (10,990 ) Denominator: Number of shares used in basic computation 14,702 13,936 14,558 13,939 Denominator for diluted loss per share - weighted-average number of shares of common stock outstanding 14,711 13,936 14,558 13,939 Loss per share Basic $ 0.09 $ (0.26 ) $ (0.46 ) $ (0.79 ) Diluted $ 0.09 $ (0.26 ) $ (0.46 ) $ (0.79 ) 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	9 Months Ended
	Sep. 30, 2024
Liquidity
LIQUIDITY	2. LIQUIDITY The Company had net losses of $ 6.7 0.4 11 3 3.1 13.8 4.9 17.9 11.3 In 2022, the Company entered into a Common Stock Purchase Agreement and Registration Rights Agreement with B. Riley Principal Capital II, LLC under which the Company issued 281,157 3 The Company’s outstanding warrants generated $ 0.7 0.3 200,000 17.00 In March 2023, the Company entered into a supply chain line of credit agreement with OCI Group for up to $100 million to further support our working capital requirements. Subject to the terms of the agreement, OCI Group will make available to the Company funding based on amounts owed to the Company by its customers. To date, the Company has not borrowed against this line of credit. Although the Company believes that it will become profitable in the next few years as our revenues grow, we improve our gross profit and we leverage our overhead costs, we expect to continue to incur losses for a period of time. If necessary, the Company may raise additional capital to finance its future operations through equity or debt financings. There is no guarantee that profitable operations will be achieved, or that additional capital or debt financing will be available on a timely basis, on favorable terms, or at all, and such funding, if raised, may not be sufficient to meet our obligations or enable us to continue to implement our long-term business strategy. In addition, obtaining additional funding or entering into other strategic transactions could result in significant dilution to our stockholders.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATIONS	3. BUSINESS COMBINATIONS Amiga DOO Kraljevo On October 20, 2023, the Company acquired Amiga DOO Kraljevo (“Amiga”), pursuant to a Share Sale and Purchase Agreement dated October 6, 2023 (the “Purchase Agreement”) by and among the Company and the owners of Amiga (the “Sellers”). Pursuant to the terms of the Purchase Agreement, the Company acquired all the equity stock of Amiga from the Sellers in exchange for cash and common stock. With respect to the cash portion of the purchase price, the Company paid to the Sellers 4.6 4.9 2.5 2.7 451,807 The Sellers are eligible to earn additional shares of the Company’s common stock if Amiga meets certain revenue milestones for the years ended December 31, 2024 and 2025 (the “Earnout Consideration”). The Earnout Consideration that Sellers are eligible to receive is equal to two times the amount of revenue of Amiga (“Amiga Net Revenue”) that is greater than specific revenue targets for each of the years ended December 31, 2024 and 2025. The Earnout Consideration will be paid in the Company’s stock for each annual target period and 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 Company issue to the Sellers an amount of the Company’s common stock that exceeds 19.99% of the total outstanding common stock of the Company immediately prior to the closing. An estimate of the fair value of the contingent consideration has been recorded in the opening balance sheet. n February 16, 2024, the Company and the Sellers entered into an amendment to the Purchase Agreement to remove the requirement that the Sellers shall be providing services to Amiga as a condition to receive the Earnout Consideration. 4.5 Amiga, located in Serbia, is engaged in the manufacture and distribution of steel structures with integrated electronics, such as streetlights, cell towers, and ski lift towers. The acquisition was accounted for as a business combination in accordance with Accounting Standards Codification (ASC) 805, Business Combinations On November 7, 2023, Amiga changed its name to Beam Europe LLC. Telcom On August 30, 2024, the Company acquired Telcom d.o.o Beograd (“Telcom”), pursuant to a Share Sale and Purchase Agreement dated as of August 30, 2024 (the “Agreement”) with the owners (the “Sellers”) of Telcom. Telcom is a business located in Serbia and engaged in the manufacturing of telecommunications equipment. Beam acquired all of the equity stock of Telcom from the Sellers in exchange for cash and Beam common stock. The total purchase price was subject to adjustment based on the amount of cash held by Telcom at closing. Based on Telcom’s cash balance at closing equal to approximately EUR 220,298 815,298 430,000 82,506 At closing, Telcom had a positive working capital balance of approximately EUR 500,000 which consisted of (i) a cash balance equal to EUR 220,000, accounts receivables of approximately EUR 115,000, inventory of approximately EUR 275,000 and accounts payable of approximately EUR 110,000. In addition to the above payments, the Sellers are eligible to earn up to EUR 250,000 850,000 The acquisition was accounted for as a business combination in accordance with Accounting Standards Codification (ASC) 805, Business Combinations The valuation of the Earnout Consideration was performed using a discounted cash flow analysis to determine the fair value of the contingent consideration, which includes estimates and assumptions such as forecasted revenues of Telcom, discount rates, 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 will be reassessed on a quarterly basis with the change recorded to operating expenses. Change in the fair value of the Earnout Consideration during the nine months ended September 30, 2024 is as follows (in thousands): Schedule of change in the fair value of earnout consideration - Telcom Balance as of December 31, 2023 $ – Acquisition of Telcom 276 Balance as of September 30, 2024 $ 276 The following table summarizes the estimated fair value allocation of consideration exchanged for the estimated fair value of tangible assets acquired and liabilities assumed at the acquisition date. The estimated fair value for working capital is generally equivalent to the net book value of the acquired assets and liabilities on the acquisition date. Fair value assigned to property, plant and equipment is based on real estate appraisals, market value comparisons, or acquired net book value of recently acquired assets. The valuation of the contingent consideration is based on a discounted cash flow analysis using the Company’s forecasted results for the operations for the two years subject to revenue earn-out targets. Consideration is comprised of the following (in thousands): Schedule of consideration comprised Cash $ 481 Common Stock 387 Earnout Consideration 276 Total Consideration $ 1,144 The following table shows the allocation of consideration to assets and liabilities at fair value (in thousands): Schedule of consideration to assets and liabilities Assets Acquired Cash and cash equivalents $ 244 Accounts Receivable 224 Inventory 296 Prepaid expenses 2 Property, plant and equipment 30 Goodwill 692 Total assets acquired $ 1,488 Liabilities Assumed Accounts payable $ 266 Accrued Expenses 10 Other liabilities 68 Total liabilities assumed $ 344 Net assets acquired $ 1,144 The estimated fair values assigned to identifiable assets acquired and liabilities assumed are provisional pending the finalization of the working capital and purchase price allocation and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed. The Company believes that information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significant. The Company expects to complete the allocation of purchase price as soon as practicable, but no later than one year after the acquisition date. Pro Forma Unaudited Financial Information The unaudited pro forma financial information summarizes the combined results of operations of Beam Global, Amiga and Telcom as if the companies had been combined as of the beginning of the nine months ended September 30, 2024 and 2023 (in thousands): Schedule of pro forma financial information September 30, September 30, 2024 2023 Revenues $ 41,440 $ 51,969 Net Income (Loss) (6,706 ) (11,426 ) Net Revenues $ 34,734 $ 40,543 The pro forma financial information is presented for information purposes only and may not be indicative of the results of operations that would have been achieved had the acquisition been completed at the beginning of the nine months ended September 30, 2024 and 2023. In addition, the unaudited pro forma financial information is not a projection of future results of operations of the combined company, nor does it reflect the expected realization of any synergies or cost savings associated with the acquisition. The unaudited pro forma financial information includes adjustments to reflect the incremental amortization expense of the identifiable intangible assets and transaction costs. The statement of operations, in the table above, for the nine months ended September 30, 2024 includes revenues of $ 0.5 50 4.1 0.4 0.5 5

INVENTORY

INVENTORY	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
INVENTORY	4. INVENTORY Inventory consists of the following (in thousands): Schedule of inventory September 30, December 31, 2024 2023 Finished goods $ 4,712 $ 1,953 Work in process 2,775 2,006 Raw materials 5,227 7,974 Total inventory $ 12,714 $ 11,933

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2024
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 September 30, December 31, 2024 2023 Office furniture and equipment $ 227 $ 227 Computer equipment and software 265 248 Land, buildings and leasehold improvements 8,098 7,935 Autos 746 616 Machinery and equipment 9,412 9,200 Total property and equipment 18,748 18,226 Less accumulated depreciation (3,839 ) (1,713 ) Property and Equipment, net $ 14,909 $ 16,513 Depreciation expense during the three months and nine months ended September 30, 2024 and September 30, 2023 was $ 0.7 2.1 0.1 0.3

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2024
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, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-average Amortization Period (yrs) Developed technology $ 8,074 $ (1,346 ) $ 6,728 11 Trade name 1,756 (322 ) 1,434 10 Customer relationships 444 (110 ) 334 13 Backlog 185 (185 ) – 1 Patents 611 (57 ) 554 20 Intangible assets $ 11,070 $ (2,020 ) $ 9,050 September 30, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-average Amortization Period (yrs) Developed technology $ 8,074 $ (1,896 ) $ 6,178 11 Trade name 1,756 (454 ) 1,302 10 Customer relationships 444 (146 ) 298 13 Backlog 185 (185 ) – 1 Patents 565 (72 ) 493 20 Intangible assets $ 11,024 $ (2,753 ) $ 8,271 Amortization expense during the three and nine months ended September 30, 2024 and September 30, 2023 was $ 0.2 0.7 0.2 0.8

ACCRUED EXPENSES

ACCRUED EXPENSES	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
ACCRUED EXPENSES	7. ACCRUED EXPENSES The major components of accrued expenses are summarized as follows (in thousands): Schedule of major components of accrued expenses September 30, December 31, 2024 2023 Accrued Expenses: Accrued vacation $ 291 $ 246 Accrued salaries and bonus 1,803 1,086 Vendor accruals 373 50 Accrued warranty 6 27 Other accrued expense 495 1,328 Total accrued expenses $ 2,968 $ 2,737 Other Long-Term Liabilities: Long-term deferred tax liability $ 1,716 $ 1,698 Acquired long-term liability 3,372 3,787 Total long-term liabilities $ 5,088 $ 5,485 Acquired long-term liability of $ 3.4 3.3 63

NOTE PAYABLE

NOTE PAYABLE	9 Months Ended
	Sep. 30, 2024
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 7.55 40 monthly 661 6.54 6 monthly 1,661 7.89 14

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024, after consulting with legal counsel, management believes 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	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	10. INCOME TAXES There was no Federal income tax expense for the nine months ended September 30, 2024 or 2023 due to the Company’s net losses. Income tax expense represents the 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 September 30, 2024 and no benefit has been provided for the quarter-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	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	11. STOCKHOLDERS’ EQUITY Committed Equity Facility In 2022, the Company entered into a Common Stock Purchase Agreement and Registration Rights Agreement with B. Riley Principal Capital II, LLC under which the Company issued 281,157 3 10,484 The Company issued 281,157 3 0.5 Stock Options Option activity for the nine months ended September 30, 2024 is as follows: Schedule of option activity Weighted Number of Average Options Exercise Outstanding Price Outstanding at December 31, 2023 481,858 $ 10.41 Granted 292,000 5.58 Forfeited (70,200 ) 13.19 Outstanding at September 30, 2024 703,658 $ 7.19 The stock options terminate ten (10) years from the date of grant or upon termination of employment. 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 paid during the life of the options granted during the nine months ended September 30, 2024 and 2023: Schedule of assumptions for options granted Nine months ended Nine months ended September 30, 2023 Expected volatility 89.04 90.37 90.2 94.5 Expected term 6.5 7 6.5 7 Risk-free interest rate 3.67 4.25 3.55 4.47 Weighted-average FV $4.45 $9.71 The Company’s stock option compensation expense was $ 0.2 0.4 0.1 0.3 1.8 4 18 0.2 355,034 348,624 Restricted Stock Units In November 2022, the Company granted 142,500 142,500 142,500 35,625 13.05 Stock compensation expense related to the RSUs and PSUs was $ 0.3 0.9 0.5 5 Restricted Stock Awards The Company issues restricted stock to its non-employee 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 nine months ended September 30, 2024 is as follows: Schedule of restricted stock awards Nonvested Shares Weighted- Average Grant- Date Fair Value Nonvested at December 31, 2023 1,238 $ 20.17 Granted 80,645 6.20 Vested (56,374 ) 6.43 Forfeited (10,081 ) 6.21 Nonvested at September 30, 2024 14,808 $ 6.48 Stock compensation expense related to restricted stock awards was $ 0.4 0.3 As of September 30, 2024, there were unvested shares of common stock representing $ 0.1 3 Warrants In 2023, the Company issued warrants to purchase up to 200,000 1.6 0.2 A summary of activity of warrants outstanding for the nine months ended September 30, 2024 is as follows: Schedule of activity of warrants outstanding Number of Warrants Weighted Average Exercise Price Exercisable at December 31, 2023 610,745 $ 9.80 Granted – – Expired (282,334 ) – Exercised (128,411 ) 6.30 Outstanding at September 30, 2024 200,000 $ 17.00 Exercisable at September 30, 2024 200,000 $ 17.00 Exercisable warrants as of September 30, 2024 have a weighted average remaining contractual life of 3.5 0.0 282,334 6.30

REVENUES

REVENUES	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUES	12. REVENUES For each of the identified periods, revenues are categorized as follows (in thousands): Schedule of revenues Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Product sales $ 10,668 $ 15,781 $ 38,219 $ 45,696 Maintenance fees 32 23 85 57 Professional services 332 35 753 95 Shipping and handling 484 742 2,011 1,762 Discounts and allowances (34 ) (95 ) (213 ) (285 ) Total revenues $ 11,482 $ 16,486 $ 40,855 $ 47,325 Percentages of our revenues derived from customers located in California during the three months ended September 30, 2024 and 2023 were 21 14 25 28 20 8 At September 30, 2024 and December 31, 2023, deferred revenue was $ 1.6 1.2 1 0.7 0.9 0.5

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS Management has evaluated events that have occurred subsequent to the date of these condensed consolidated financial statements and has determined that no such reportable subsequent events exist through date of filing. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

NATURE OF OPERATIONS, BASIS O_2

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations References in this Report to “we,” “us,” “our,” the “Company” or “Beam” means Beam Global, a Nevada corporation, and its subsidiaries. Beam is a sustainable technology innovation company based in San Diego, California; Broadview, Illinois; Belgrade and Kraljevo, Serbia. We develop, design, engineer, manufacture and sell high-quality, renewably energized infrastructure products for electric vehicle (“EV”) charging, energy security and disaster preparedness. We also manufacture highly energy-dense battery solutions in safe, compact and unique form-factors. Additionally, we manufacture street lighting, communications and energy infrastructure products. Beam’s products enable vital and highly valuable energy production in locations where it is either too expensive or too impactful to connect to the utility grid, or where the requirements for electrical power are so important that grid failures, like blackouts, are intolerable. Beam’s energy storage products provide high energy density in a safe, compact and bespoke form-factors, which we believe are ideal for the rapidly growing mobile and stationary equipment product market which often requires electrical energy without being connected to the electrical grid. Beam’s products and proprietary technology solutions target the following markets: · electric vehicle (EV) charging infrastructure; · energy storage solutions; · energy security and disaster preparedness; · mobile and stationary equipment; · transportation infrastructure products; and · power electronics and telecommunications equipment
Basis of Presentation	Basis of Presentation The interim unaudited condensed consolidated 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 nine months ending September 30, 2024 and 2023, and our financial position as of September 30, 2024, 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 consolidated financial statements should be read in conjunction with the financial statements and notes thereto for the year ended December 31, 2023. The December 31, 2023 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 certain expected credit losses (CECL), 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 October 2023, the FASB issued ASU 2023-06, “Disclosure Improvements” (“ASU 2023-06”), which amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification (the “Codification”). The ASU was issued in response to the SEC’s disclosure update and simplification initiative issued in August 2018. The effective date for the amendments for each topic will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoptions prohibited.   In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07 requiring enhanced segment disclosures. ASU 2023-07 requires disclosure of significant segment expenses regularly provided to the chief operating decision maker (“CODM”) included within segment operating profit or loss. Additionally, ASU 12 2023-07 requires a description of how the CODM utilizes segment operating profit or loss to assess segment performance. The requirements of ASU 2023-07 are effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company's annual reporting requirements will be effective for the year ending 2024 and interim reporting requirements will be effective beginning with the first quarter of fiscal 2025. Early adoption is permitted, and retrospective application is required for all periods presented. The Company is in the process of analyzing the impact of ASU 2023-07 on its related Condensed Consolidated Financial Statements. In December 2023, the FASB issued ASU No. 2023-09, “ Income Taxes (Topic 740): Improvements to Income Tax Disclosures
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 institutions that at times may exceed federally insured limits. The Company has not experienced any losses in such accounts from inception through September 30, 2024. As of September 30, 2024, approximately $ 4.1 million 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. 52 48 18 19 11 11 10 10 10 82 A summary of the allowance for credit losses for the nine months ending September 30, 2024 and December 31, 2023: Summary of allowance for credit losses September 30, December 31, (Dollars in thousands) 2024 2023 Allowance for credit losses: Beginning of period $ 448 $ – Net provision for credit losses (7 ) 448 (Charge-offs)/recoveries, net (117 ) – End of Period $ 324 $ 448 Allowance for credit losses as a % of total Accounts Receivable 2.9% 2.8%
Fair Value Measurement	Fair Value Measurement The Company follows the authoritative guidance that establishes a formal framework for measuring fair values of assets and liabilities in the consolidated financial statements that are already required by generally accepted accounting principles to be measured at fair value. The guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The transaction is based on a hypothetical transaction in the principal or most advantageous market considered from the perspective of the market participant that holds the asset or owes the liability. The Company utilizes market data or assumptions that market participants who are independent, knowledgeable, and willing and able to transact would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated or generally unobservable. The Company attempts to utilize valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. The Company is able to classify fair value balances based on the observability of those inputs. The guidance establishes a formal fair value hierarchy based on the inputs used to measure fair value. The hierarchy gives the highest priority to Level 1 measurements and the lowest priority to level 3 measurements, and accordingly, Level 1 measurement should be used whenever possible. The hierarchy is broken down into three levels based on the reliability of inputs as follows: Level 1 – Quoted prices in active markets for identical assets or liabilities or published net asset value for alternative investments with characteristics similar to a mutual fund. Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 – Unobservable inputs for the asset or liability. The methods used may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while management believes its valuation methods are appropriate, the fair value of certain financial instruments could result in a difference fair value measurement at the reporting date. There were no changes in the Company’s valuation methodologies from the prior year. For purpose of this disclosure, the carrying amounts for financial assets and liabilities such as cash and cash equivalents, accounts receivable – trade, other prepaid expenses and current assets, accounts payable and other current liabilities, all approximate fair value due to their short-term nature as of September 30, 2024. The Company had Level 3 liabilities as of September 30, 2024. There were no transfers between levels during the reporting period. Schedule of contingent consideration Level 1 Level 2 Level 3 Contingent Consideration as of December 31, 2023 $ – $ – $ 4,725 Additions – – 276 Change in fair value – – (4,545 ) Contingent Consideration as of September 30, 2024 $ – $ – $ 456
Significant Accounting Policies	Significant Accounting Policies During the nine months ended September 30, 2024, 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, 2023.
Net Earnings (Loss) Per Share	Net Earnings (Loss) Per Share Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted average number of shares of common stock outstanding during the periods presented using the treasury stock method for options, restricted stocks and warrants. Diluted net income (loss) per share is computed By giving effect to all potential dilutive common share equivalents outstanding for the period. For periods in which Beam has reported net losses, diluted loss per share is the same as basic loss per share, as the effects of common stock equivalents outstanding and shares issuable upon conversion of convertible debt instruments are antidilutive and, therefore, excluded from the calculation of diluted loss per share. Options to purchase 703,658 200,000 363,598 618,395 The following table presents the calculation of basic and diluted loss per share: Calculation of earnings (loss) per share Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands, except per share data) Numerator: Numerator for basic and diluted loss per share - net income (loss) $ 1,297 $ (3,629 ) $ (6,656 ) $ (10,990 ) Denominator: Number of shares used in basic computation 14,702 13,936 14,558 13,939 Denominator for diluted loss per share - weighted-average number of shares of common stock outstanding 14,711 13,936 14,558 13,939 Loss per share Basic $ 0.09 $ (0.26 ) $ (0.46 ) $ (0.79 ) Diluted $ 0.09 $ (0.26 ) $ (0.46 ) $ (0.79 )
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.

NATURE OF OPERATIONS, BASIS O_3

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of allowance for credit losses	Summary of allowance for credit losses September 30, December 31, (Dollars in thousands) 2024 2023 Allowance for credit losses: Beginning of period $ 448 $ – Net provision for credit losses (7 ) 448 (Charge-offs)/recoveries, net (117 ) – End of Period $ 324 $ 448 Allowance for credit losses as a % of total Accounts Receivable 2.9% 2.8%
Schedule of contingent consideration	Schedule of contingent consideration Level 1 Level 2 Level 3 Contingent Consideration as of December 31, 2023 $ – $ – $ 4,725 Additions – – 276 Change in fair value – – (4,545 ) Contingent Consideration as of September 30, 2024 $ – $ – $ 456
Calculation of earnings (loss) per share	Calculation of earnings (loss) per share Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (in thousands, except per share data) Numerator: Numerator for basic and diluted loss per share - net income (loss) $ 1,297 $ (3,629 ) $ (6,656 ) $ (10,990 ) Denominator: Number of shares used in basic computation 14,702 13,936 14,558 13,939 Denominator for diluted loss per share - weighted-average number of shares of common stock outstanding 14,711 13,936 14,558 13,939 Loss per share Basic $ 0.09 $ (0.26 ) $ (0.46 ) $ (0.79 ) Diluted $ 0.09 $ (0.26 ) $ (0.46 ) $ (0.79 )

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of change in the fair value of earnout consideration - Telcom	Schedule of change in the fair value of earnout consideration - Telcom Balance as of December 31, 2023 $ – Acquisition of Telcom 276 Balance as of September 30, 2024 $ 276
Schedule of consideration comprised	Schedule of consideration comprised Cash $ 481 Common Stock 387 Earnout Consideration 276 Total Consideration $ 1,144
Schedule of consideration to assets and liabilities	Schedule of consideration to assets and liabilities Assets Acquired Cash and cash equivalents $ 244 Accounts Receivable 224 Inventory 296 Prepaid expenses 2 Property, plant and equipment 30 Goodwill 692 Total assets acquired $ 1,488 Liabilities Assumed Accounts payable $ 266 Accrued Expenses 10 Other liabilities 68 Total liabilities assumed $ 344 Net assets acquired $ 1,144
Schedule of pro forma financial information	Schedule of pro forma financial information September 30, September 30, 2024 2023 Revenues $ 41,440 $ 51,969 Net Income (Loss) (6,706 ) (11,426 ) Net Revenues $ 34,734 $ 40,543

INVENTORY (Tables)

INVENTORY (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Schedule of inventory	Schedule of inventory September 30, December 31, 2024 2023 Finished goods $ 4,712 $ 1,953 Work in process 2,775 2,006 Raw materials 5,227 7,974 Total inventory $ 12,714 $ 11,933

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment September 30, December 31, 2024 2023 Office furniture and equipment $ 227 $ 227 Computer equipment and software 265 248 Land, buildings and leasehold improvements 8,098 7,935 Autos 746 616 Machinery and equipment 9,412 9,200 Total property and equipment 18,748 18,226 Less accumulated depreciation (3,839 ) (1,713 ) Property and Equipment, net $ 14,909 $ 16,513

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets December 31, 2023 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-average Amortization Period (yrs) Developed technology $ 8,074 $ (1,346 ) $ 6,728 11 Trade name 1,756 (322 ) 1,434 10 Customer relationships 444 (110 ) 334 13 Backlog 185 (185 ) – 1 Patents 611 (57 ) 554 20 Intangible assets $ 11,070 $ (2,020 ) $ 9,050 September 30, 2024 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Weighted-average Amortization Period (yrs) Developed technology $ 8,074 $ (1,896 ) $ 6,178 11 Trade name 1,756 (454 ) 1,302 10 Customer relationships 444 (146 ) 298 13 Backlog 185 (185 ) – 1 Patents 565 (72 ) 493 20 Intangible assets $ 11,024 $ (2,753 ) $ 8,271

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2024
Payables and Accruals [Abstract]
Schedule of major components of accrued expenses	Schedule of major components of accrued expenses September 30, December 31, 2024 2023 Accrued Expenses: Accrued vacation $ 291 $ 246 Accrued salaries and bonus 1,803 1,086 Vendor accruals 373 50 Accrued warranty 6 27 Other accrued expense 495 1,328 Total accrued expenses $ 2,968 $ 2,737 Other Long-Term Liabilities: Long-term deferred tax liability $ 1,716 $ 1,698 Acquired long-term liability 3,372 3,787 Total long-term liabilities $ 5,088 $ 5,485

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Schedule of option activity	Schedule of option activity Weighted Number of Average Options Exercise Outstanding Price Outstanding at December 31, 2023 481,858 $ 10.41 Granted 292,000 5.58 Forfeited (70,200 ) 13.19 Outstanding at September 30, 2024 703,658 $ 7.19
Schedule of assumptions for options granted	Schedule of assumptions for options granted Nine months ended Nine months ended September 30, 2023 Expected volatility 89.04 90.37 90.2 94.5 Expected term 6.5 7 6.5 7 Risk-free interest rate 3.67 4.25 3.55 4.47 Weighted-average FV $4.45 $9.71
Schedule of restricted stock awards	Schedule of restricted stock awards Nonvested Shares Weighted- Average Grant- Date Fair Value Nonvested at December 31, 2023 1,238 $ 20.17 Granted 80,645 6.20 Vested (56,374 ) 6.43 Forfeited (10,081 ) 6.21 Nonvested at September 30, 2024 14,808 $ 6.48
Schedule of activity of warrants outstanding	Schedule of activity of warrants outstanding Number of Warrants Weighted Average Exercise Price Exercisable at December 31, 2023 610,745 $ 9.80 Granted – – Expired (282,334 ) – Exercised (128,411 ) 6.30 Outstanding at September 30, 2024 200,000 $ 17.00 Exercisable at September 30, 2024 200,000 $ 17.00

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of revenues	Schedule of revenues Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Product sales $ 10,668 $ 15,781 $ 38,219 $ 45,696 Maintenance fees 32 23 85 57 Professional services 332 35 753 95 Shipping and handling 484 742 2,011 1,762 Discounts and allowances (34 ) (95 ) (213 ) (285 ) Total revenues $ 11,482 $ 16,486 $ 40,855 $ 47,325

NATURE OF OPERATIONS, BASIS O_4

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Credit losses) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Offsetting Assets [Line Items]
Allowance for credit losses, ending balance	$ 324		$ 448
Provision for credit losses	$ (124)	$ 0
Allowance for credit losses as a % of accounts receivable	2.90%		2.80%
Net Provision For Credit Losses [Member]
Offsetting Assets [Line Items]
Provision for credit losses	$ (7)		$ 448
Charge Offs Recoveries [Member]
Offsetting Assets [Line Items]
Provision for credit losses	$ (117)		$ 0

NATURE OF OPERATIONS, BASIS O_5

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Contingent consideration) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Fair Value, Inputs, Level 1 [Member]
Platform Operator, Crypto Asset [Line Items]
Contingent consideration fair value, Beginning balance	$ 0
Contingent consideration fair value, Additions	0
Contingent consideration fair value, Change in fair value	0
Contingent consideration fair value, Ending balance	0
Fair Value, Inputs, Level 2 [Member]
Platform Operator, Crypto Asset [Line Items]
Contingent consideration fair value, Beginning balance	0
Contingent consideration fair value, Additions	0
Contingent consideration fair value, Change in fair value	0
Contingent consideration fair value, Ending balance	0
Fair Value, Inputs, Level 3 [Member]
Platform Operator, Crypto Asset [Line Items]
Contingent consideration fair value, Beginning balance	4,725
Contingent consideration fair value, Additions	276
Contingent consideration fair value, Change in fair value	(4,545)
Contingent consideration fair value, Ending balance	$ 456

NATURE OF OPERATIONS, BASIS O_6

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details - Earnings per share) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 1,297	$ (4,916)	$ (3,037)	$ (3,629)	$ (3,530)	$ (3,831)	$ (6,656)	$ (10,990)
Number of shares used in basic computation	14,702			13,936			14,558	13,939
Denominator for diluted loss per share - weighted-average number of shares of common stock outstanding	14,711			13,936			14,558	13,939
Loss per share, basic	$ 0.09			$ (0.26)			$ (0.46)	$ (0.79)
Loss per share, diluted	$ 0.09			$ (0.26)			$ (0.46)	$ (0.79)

NATURE OF OPERATIONS, BASIS O_7

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Product Information [Line Items]
Uninsured cash		$ 4,100,000
Options [Member]
Product Information [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		703,658	363,598
Warrant [Member]
Product Information [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		200,000	618,395
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Federal State And Local Government [Member]
Product Information [Line Items]
Concentration Risk, Percentage	82%	52%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Commercial Customers [Member]
Product Information [Line Items]
Concentration Risk, Percentage		48%
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer 1 [Member]
Product Information [Line Items]
Concentration Risk, Percentage		18%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer 1 [Member]
Product Information [Line Items]
Concentration Risk, Percentage		19%		11%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer 2 [Member]
Product Information [Line Items]
Concentration Risk, Percentage		11%		10%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer 3 [Member]
Product Information [Line Items]
Concentration Risk, Percentage				10%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer 4 [Member]
Product Information [Line Items]
Concentration Risk, Percentage				10%

LIQUIDITY (Details Narrative)

LIQUIDITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended		12 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2022
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Net loss	$ 1,297	$ (4,916)	$ (3,037)	$ (3,629)	$ (3,530)	$ (3,831)	$ (6,656)	$ (10,990)
Non-cash expenses							400	3,000
Net Cash Provided by (Used in) Operating Activities							(3,052)	(13,768)
Cash balance	4,900						4,900
Working capital	17,900						17,900
Accounts receivable	$ 11,300						11,300
Proceeds from issuance of warrants							0	25,424
Warrants [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from issuance of warrants							$ 700	$ 300
Warrants outstanding	200,000						200,000
Warrants exercise price	$ 17						$ 17
B Riley Capital [Member] | Common Stock Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued new, shares									281,157
Proceeds from sale of equity									$ 3,000

BUSINESS COMBINATION (Details -

BUSINESS COMBINATION (Details - Change in the fair value of earnout consideration) - Telcom [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Business Acquisition [Line Items]
Fair value earnout consideration,Beginning balance	$ 0
Acquisition of Telcom	276
Fair value earnout consideration,Ending balance	$ 276

BUSINESS COMBINATION (Details_2

BUSINESS COMBINATION (Details - Consideration comprised) - Telcom [Member] $ in Thousands	Aug. 30, 2024 USD ($)
Business Acquisition [Line Items]
Cash	$ 481
Common stock	387
Earnout consideration	276
Consideration transferred	$ 1,144

BUSINESS COMBINATION (Details_3

BUSINESS COMBINATION (Details - Consideration to assets and liabilities) - USD ($) $ in Thousands	Sep. 30, 2024	Aug. 30, 2024	Dec. 31, 2023
Assets Acquired
Goodwill	$ 11,027		$ 10,270
Telcom [Member]
Assets Acquired
Cash and cash equivalents		$ 244
Accounts Receivable		224
Inventory		296
Prepaid expenses		2
Property, plant and equipment		30
Goodwill		692
Total assets acquired		1,488
Liabilities Assumed
Accounts payable		266
Accrued Expenses		10
Other liabilities		68
Total liabilities assumed		344
Net assets acquired		$ 1,144

BUSINESS COMBINATION (Details_4

BUSINESS COMBINATION (Details - Pro forma financial information) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Revenues	$ 41,440	$ 51,969
Net Income (Loss)	(6,706)	(11,426)
Net Revenues	$ 34,734	$ 40,543

BUSINESS COMBINATIONS (Details

BUSINESS COMBINATIONS (Details Narrative) $ in Thousands			3 Months Ended		9 Months Ended
	Aug. 30, 2024 EUR (€) shares	Oct. 20, 2023 USD ($) shares	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Oct. 20, 2023 EUR (€)
Business Acquisition [Line Items]
Revenue related acquisitions			$ 11,482	$ 16,486	$ 40,855	$ 47,325
Amiga [Member]
Business Acquisition [Line Items]
Fair value adjustment of liability					4,500
Revenue related acquisitions					4,100
Loss from operation					400
Amiga [Member] | Tranche One [Member]
Business Acquisition [Line Items]
Purchase price		$ 4,900					€ 4,600,000
Aggregate shares of common stock | shares		451,807
Amiga [Member] | Tranche Two [Member]
Business Acquisition [Line Items]
Purchase price		$ 2,700					€ 2,500,000
Telcom [Member]
Business Acquisition [Line Items]
Purchase price | €	€ 815,298
Cash balance at closing | €	220,298
Cash | €	€ 430,000
Issued shares of common stock | shares	82,506
Business combination, working capital description	At closing, Telcom had a positive working capital balance of approximately EUR 500,000 which consisted of (i) a cash balance equal to EUR 220,000, accounts receivables of approximately EUR 115,000, inventory of approximately EUR 275,000 and accounts payable of approximately EUR 110,000.
Earnout Cap amount | €	€ 250,000
Net revenue | €	€ 850,000
Revenue related acquisitions					500	500
Loss from operation					$ 50	$ 5

INVENTORY (Details - Schedule o

INVENTORY (Details - Schedule of inventory) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 4,712	$ 1,953
Work in process	2,775	2,006
Raw materials	5,227	7,974
Total inventory	$ 12,714	$ 11,933

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details - Schedule of property and equipment) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 18,748	$ 18,226
Less accumulated depreciation	(3,839)	(1,713)
Property and Equipment, net	14,909	16,513
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	227	227
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	265	248
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	8,098	7,935
Autos [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	746	616
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 9,412	$ 9,200

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 0.7	$ 0.1	$ 2.1	$ 0.3

INTANGIBLE ASSETS (Details - Sc

INTANGIBLE ASSETS (Details - Schedule of intangible assets) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 11,024	$ 11,070
Accumulated amortization	(2,753)	(2,020)
Net carrying amount	8,271	9,050
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8,074	8,074
Accumulated amortization	(1,896)	(1,346)
Net carrying amount	$ 6,178	$ 6,728
Weighted-average amortization period (yrs)	11 years	11 years
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 1,756	$ 1,756
Accumulated amortization	(454)	(322)
Net carrying amount	$ 1,302	$ 1,434
Weighted-average amortization period (yrs)	10 years	10 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 444	$ 444
Accumulated amortization	(146)	(110)
Net carrying amount	$ 298	$ 334
Weighted-average amortization period (yrs)	13 years	13 years
Backlog [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 185	$ 185
Accumulated amortization	(185)	(185)
Net carrying amount	$ 0	$ 0
Weighted-average amortization period (yrs)	1 year	1 year
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 565	$ 611
Accumulated amortization	(72)	(57)
Net carrying amount	$ 493	$ 554
Weighted-average amortization period (yrs)	20 years	20 years

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 0.2	$ 0.2	$ 0.7	$ 0.8

ACCRUED EXPENSES (Details - Com

ACCRUED EXPENSES (Details - Components of accrued expenses) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accrued Expenses:
Accrued vacation	$ 291	$ 246
Accrued salaries and bonus	1,803	1,086
Vendor accruals	373	50
Accrued warranty	6	27
Other accrued expense	495	1,328
Total accrued expenses	2,968	2,737
Other Long-Term Liabilities:
Long-term deferred tax liability	1,716	1,698
Acquired long-term liability	3,372	3,787
Total long-term liabilities	$ 5,088	$ 5,485

ACCRUED EXPENSES (Details Narra

ACCRUED EXPENSES (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2024	Aug. 30, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Acquired long-term liability	$ 3,400
Long-term liability	3,372		$ 3,787
Amiga [Member]
Restructuring Cost and Reserve [Line Items]
Long-term liability	$ 3,300
Telcom [Member]
Restructuring Cost and Reserve [Line Items]
Non current liabilities		$ 63

NOTE PAYABLE (Details Narrative

NOTE PAYABLE (Details Narrative) - USD ($) $ in Thousands	1 Months Ended
	Apr. 30, 2024	Mar. 31, 2024	May 31, 2023
Two New Trucks [Member]
Debt periodic payment			$ 4
Interest rate			7.55%
Loan short-term balance			$ 40
Fork Lift [Member]
Debt periodic payment	$ 1,661	$ 661
Interest rate	7.89%	6.54%
Loan short-term balance	$ 14	$ 6
Monthly payments	monthly	monthly

STOCKHOLDERS' EQUITY (Details -

STOCKHOLDERS' EQUITY (Details - Option activity) - Equity Option [Member]	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options outstanding, beginning | shares	481,858
Options outstanding, weighted average exercise price | $ / shares	$ 10.41
Options granted | shares	292,000
Options granted, weighted average exercise price | $ / shares	$ 5.58
Options forfeited | shares	(70,200)
Options forfeited, weighted average exercise price | $ / shares	$ 13.19
Options outstanding, ending | shares	703,658
Options outstanding, weighted average exercise price | $ / shares	$ 7.19

STOCKHOLDERS' EQUITY (Details_2

STOCKHOLDERS' EQUITY (Details - Assumptions for options granted) - Share-Based Payment Arrangement, Option [Member] - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 4.45	$ 9.71
Minimum [Member]
Expected volatility	89.04%	90.20%
Expected term	6 years 6 months	6 years 6 months
Risk-free interest rate	3.67%	3.55%
Maximum [Member]
Expected volatility	90.37%	94.50%
Expected term	7 years	7 years
Risk-free interest rate	4.25%	4.47%

STOCKHOLDERS' EQUITY (Details_3

STOCKHOLDERS' EQUITY (Details - Restricted stock award activity) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested shares, Beginning balance | shares	1,238
Weighted-average grant-date fair value, Beginning balance | $ / shares	$ 20.17
Nonvested shares, Granted | shares	80,645
Weighted-average grant-date fair value, Granted | $ / shares	$ 6.20
Nonvested shares, Vested | shares	(56,374)
Weighted-average grant-date fair value, Vested | $ / shares	$ 6.43
Nonvested shares, Forfeited | shares	(10,081)
Weighted-average grant-date fair value, Forfeited | $ / shares	$ 6.21
Nonvested shares, Ending balance | shares	14,808
Weighted-average grant-date fair value, Ending balance | $ / shares	$ 6.48

STOCKHOLDERS' EQUITY (Details_4

STOCKHOLDERS' EQUITY (Details - Warrant activity) - Warrant [Member]	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Warrants Outstanding, Beginning | shares	610,745
Weighted Average Exercise Price Outstanding, Beginning | $ / shares	$ 9.80
Number of Warrants Granted | shares	0
Weighted Average Exercise Price Granted | $ / shares	$ 0
Number of Warrants Expired | shares	(282,334)
Weighted Average Exercise Price Expired | $ / shares	$ 0
Number of Warrants Exercised | shares	(128,411)
Weighted Average Exercise Price Exercised | $ / shares	$ 6.30
Number of Warrants Outstanding, Ending | shares	200,000
Weighted Average Exercise Price Outstanding, Ending | $ / shares	$ 17
Number of Warrants Exercisable | shares	200,000
Weighted Average Exercise Price Exercisable | $ / shares	$ 17

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			3 Months Ended		9 Months Ended		12 Months Ended
	Apr. 30, 2023	Nov. 30, 2022	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2022	Dec. 31, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from issuance of common stock						$ 496	$ 2,107
Stock based compensation						2,001	1,289
Equity Option [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock based compensation				$ 200	$ 100	400	300
Unrecognized compensation costs				1,800		$ 1,800
Remaining contractual term						4 years
Intrinsic value of options outstanding				18		$ 18
Intrinsic value of options exercisable				$ 200		$ 200
Options vested						355,034
Options unvested				348,624		348,624
Restricted Stock Units (RSUs) [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock units outstanding, RSUs						35,625
Weighted average grant date fair values						$ 13.05
Performance Stock Units [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock units outstanding, RSUs						142,500
RSUs And PSUs [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock based compensation				$ 300		$ 900
Remaining contractual term						5 months
Unrecognized restricted stock grant expense				$ 500		$ 500
Restricted Stock [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock based compensation						$ 400	$ 300
Remaining contractual term						3 months
Options unvested				14,808		14,808			1,238
Weighted average grant date fair values						$ 6.20
Unvested shares of common stock				$ 100		$ 100
Warrant [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Weighted average remaining contractual life						3 years 6 months
Intrinsic value exercisable shares warrants				$ 0		$ 0
Warrants purchase				282,334		282,334
Warrants exercised price, per share						$ 6.30
B Riley Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued new, shares	10,484		10,484			281,157
Proceeds from issuance of common stock						$ 3,000
Offering costs						$ 500
B Riley Capital [Member] | Common Stock Purchase Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Stock issued new, shares								281,157
Proceeds from sale of equity								$ 3,000
Chief Executive Officer [Member] | Restricted Stock Units (RSUs) [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Restricted stock units granted		142,500
Chief Executive Officer [Member] | Performance Stock Units [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Restricted stock units granted		142,500
Consultant [Member] | Investor Relations Services [Member] | Warrant [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Warrants issued, shares						200,000
Fair value of warrants issued						$ 1,600
Warrant expense						$ 200

REVENUES (Details - Categories

REVENUES (Details - Categories of revenues) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 11,482	$ 16,486	$ 40,855	$ 47,325
Discounts and allowances	(34)	(95)	(213)	(285)
Product [Member]
Disaggregation of Revenue [Line Items]
Revenues	10,668	15,781	38,219	45,696
Maintenance [Member]
Disaggregation of Revenue [Line Items]
Revenues	32	23	85	57
Professional Services [Member]
Disaggregation of Revenue [Line Items]
Revenues	332	35	753	95
Shipping and Handling [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 484	$ 742	$ 2,011	$ 1,762

REVENUES (Details Narrative)

REVENUES (Details Narrative) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Contract with customer liability	$ 1.6		$ 1.6		$ 1.2
Product Deposits [Member]
Disaggregation of Revenue [Line Items]
Contract with customer liability	1		1		0.7
Maintenance Fees [Member]
Disaggregation of Revenue [Line Items]
Contract with customer liability	$ 0.9		$ 0.9		$ 0.5
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | International Sales [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage			20%	8%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | California Customers [Member]
Disaggregation of Revenue [Line Items]
Concentration risk percentage	21%	14%	25%	28%