Polar Power (POLA) 10-Q 14 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - $ / shares	9 Months Ended
	Sep. 30, 2024	Nov. 14, 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	001-37960
Entity Registrant Name	POLAR POWER, INC.
Entity Central Index Key	0001622345
Entity Tax Identification Number	33-0479020
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	249 E. Gardena Blvd.
Entity Address, City or Town	Gardena
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90248
City Area Code	(310)
Local Phone Number	830-9153
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	POLA
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		17,561,612
Entity Listing, Par Value Per Share	$ 0.0001

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 498	$ 549
Accounts receivable	2,949	1,676
Inventories	15,029	16,522
Prepaid expenses	171	455
Employee retention credit receivable		2,000
Income taxes receivable		787
Total current assets	18,647	21,989
Other assets:
Operating lease right-of-use assets, net	1,944	2,818
Property and equipment, net	217	344
Deposits	108	108
Total assets	20,916	25,259
Current liabilities
Accounts payable	346	1,762
Customer deposits	750	1,618
Accrued liabilities and other current liabilities	1,171	1,151
Line of credit	4,661	4,238
Operating lease liabilities, current portion	1,322	1,124
Total current liabilities	8,515	10,214
Operating lease liabilities, net of current portion	840	1,856
Total liabilities	9,355	12,070
Commitments and Contingencies
Stockholders’ Equity
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.0001 par value, 50,000,000 shares authorized, 17,579,089 shares issued and 17,561,612 shares outstanding on September 30, 2024, and December 31, 2023	2	2
Additional paid-in capital	38,886	38,886
Accumulated deficit	(27,287)	(25,659)
Treasury Stock, at cost (17,477 shares)	(40)	(40)
Total stockholders’ equity	11,561	13,189
Total liabilities and stockholders’ equity	20,916	25,259
Related Party [Member]
Current liabilities
Notes payable	265	257
Nonrelated Party [Member]
Current liabilities
Notes payable		$ 64

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	17,579,089	17,579,089
Common stock, shares outstanding	17,561,612	17,561,612
Treasury stock, shares	17,477	17,477

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net Sales	$ 4,914	$ 1,911	$ 11,348	$ 11,688
Cost of Sales	3,490	2,019	8,494	9,566
Gross profit (loss)	1,424	(108)	2,854	2,122
Operating Expenses
Sales and marketing	252	274	746	917
Research and development	172	299	586	983
General and administrative	960	992	3,001	3,240
Total operating expenses	1,384	1,565	4,333	5,140
Income (loss) from operations	40	(1,673)	(1,479)	(3,018)
Other income (expenses)
Interest expense and finance costs	(153)	(171)	(496)	(375)
Other Income (expense), net	126		347
Total other income (expenses), net	(27)	(171)	(149)	(375)
Net income (loss)	$ 13	$ (1,844)	$ (1,628)	$ (3,393)
Net loss per share, basic	$ 0	$ (0.14)	$ (0.09)	$ (0.26)
Net loss per share, diluted	$ 0	$ (0.14)	$ (0.09)	$ (0.26)
Weighted average shares outstanding, basic	17,561,612	12,949,550	17,561,612	12,949,550
Weighted average shares outstanding, diluted	17,561,612	12,949,550	17,561,612	12,949,550

Condensed Statements of Stockho

Condensed Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Total
Balance at Dec. 31, 2022	$ 1	$ 37,331	$ (19,111)	$ (40)	$ 18,181
Balance, shares at Dec. 31, 2022	12,967,027
Net income (loss)			(3,393)		(3,393)
Balance at Sep. 30, 2023	$ 1	37,331	(22,504)	(40)	14,788
Balance, shares at Sep. 30, 2023	12,967,027
Balance at Jun. 30, 2023	$ 1	37,331	(20,660)	(40)	16,632
Balance, shares at Jun. 30, 2023	12,967,027
Net income (loss)			(1,844)		(1,844)
Balance at Sep. 30, 2023	$ 1	37,331	(22,504)	(40)	14,788
Balance, shares at Sep. 30, 2023	12,967,027
Balance at Dec. 31, 2023	$ 2	38,886	(25,659)	(40)	13,189
Balance, shares at Dec. 31, 2023	17,579,089
Net income (loss)			(1,628)		(1,628)
Balance at Sep. 30, 2024	$ 2	38,886	(27,287)	(40)	11,561
Balance, shares at Sep. 30, 2024	17,579,089
Balance at Jun. 30, 2024	$ 2	38,886	(27,300)	(40)	11,548
Balance, shares at Jun. 30, 2024	17,579,089
Net income (loss)			13		13
Balance at Sep. 30, 2024	$ 2	$ 38,886	$ (27,287)	$ (40)	$ 11,561
Balance, shares at Sep. 30, 2024	17,579,089

Condensed Statements of Cash Fl

Condensed Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (1,628)	$ (3,393)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	146	309
Changes in operating assets and liabilities
Accounts receivable	(1,273)	648
Employee retention credit	2,000
Inventories	1,492	(3,695)
Prepaid expenses	284	1,687
Deposits		(15)
Income tax receivable	787
Operating lease right-of-use asset	874	(2,863)
Accounts payable	(1,416)	1,758
Customer deposits	(868)	(406)
Accrued expenses and other current liabilities	20	(53)
Operating lease liability	(818)	2,939
Net cash used in operating activities	(400)	(3,084)
Cash flows from investing activities:
Acquisition of property and equipment	(18)	(194)
Net cash used in investing activities	(18)	(194)
Cash flows from financing activities:
Proceeds from advances from credit facility	423	3,310
Proceeds from notes payable, related party	8	233
Repayment of notes payable	(64)	(180)
Net cash provided by financing activities	367	3,363
Increase (decrease) in cash and cash equivalents	(51)	85
Cash and cash equivalents, beginning of period	549	211
Cash and cash equivalents, end of period	$ 498	$ 296

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company Polar Power, Inc. was incorporated in the State of Washington as Polar Products, Inc. and in 1991 reincorporated in the State of California under the name Polar Power, Inc. In December 2016, Polar Power, Inc. reincorporated in the State of Delaware (the “Company”, “we” or “us”). The Company designs, manufactures and sells direct current, or DC, power systems to supply reliable and low-cost energy to off-grid, bad-grid and backup power, electric vehicle (“EV”) charging, and nano-grid applications. The Company’s products integrate DC generator, proprietary electronic control systems, lithium batteries and solar photovoltaic (“PV”) technologies to provide low operating cost and emissions for telecommunications, defense, automotive, nano-grid, EV charging and industrial markets. Going concern The accompanying financial statements have been prepared under the assumption that the Company will continue as a going concern. For the nine months ended September 30, 2024, the Company recorded a net loss of $ 1,628 As of September 30, 2024, the Company had a cash balance of $ 498 1,432 11,561 10,132 Impact of inflation The continuing impact of the higher inflation, the actions by the Federal Reserve to address inflation, most notably sustained increases in interest rates, and rising energy prices create uncertainty about the future economic environment which will continue to evolve and, we believe, has impacted the Company’s business in 2023 and may continue to impact business in 2024. The implications of higher government deficits and debt, tighter monetary policy, and potentially higher long-term interest rates may drive a higher cost of capital for the business and an increase in the Company’s operating expenses. Basis of Presentation of Unaudited Financial Information The unaudited condensed financial statements of the Company for the three and nine months ended September 30, 2024 and 2023 have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-K for scaled disclosures for smaller reporting companies. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the Company’s financial position and results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2023 was derived from the audited financial statements included in the Company’s financial statements as of and for the years ended December 31, 2023 and 2022 contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or the SEC, on April 1, 2024. These financial statements should be read in conjunction with that report. Estimates The preparation of financial statements in conformity with GAAP 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 revenue and expenses during the reporting period. Material estimates relate to the assumptions made in determining estimates for credit loss reserves for accounts receivable, assumptions used in valuing inventories at net realizable value, impairment testing of recorded long-term assets, the realizability of deferred tax assets and the related valuation allowance, accruals for warranty reserves, accruals for potential liabilities, assumptions made in valuing stock instruments issued for services, and assumptions used in the determination of the Company’s liquidity. Actual results may differ from those estimates. Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). Substantially all of the Company’s revenue is derived from product sales. Product revenue is recognized when performance obligations under the terms of a contract are satisfied, which occurs for the Company upon shipment or delivery of products or services to its customers based on written sales terms, which is also when control is transferred. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring the products or services to a customer. The Company determines whether delivery has occurred based on when title transfers and the risks and rewards of ownership have transferred to the customer, which usually occurs when the Company places the product with the customer’s carrier or delivers the product to a customer’s location. The Company regularly reviews its customers’ financial positions to ensure that collectability is reasonably assured. The Company also recognizes revenues from engineering services, technical support, and sale of accessories that support the Company’s direct current, or DC, power systems. Revenue is recognized when transfer of control to the customer has been made and the Company’s performance obligation has been fulfilled. The Company’s revenue from engineering services, technical support services, and product accessories are clearly defined in each transaction with its customers and have not been significant to date. The Company also recognizes revenues from the rental of equipment. The Company’s rental revenues have not been significant to date and have accounted for less than one percent of total revenues for the three-month and nine months ended September 30, 2024 and 2023. The Company’s rental contracts are fixed price contracts for fixed durations of time and include freight and delivery charges and are recognized on a straight-line basis over the rental period. Disaggregation of Net Sales The following table shows the Company’s disaggregated net sales by product type: SCHEDULE OF DISAGGREGATED NET SALES 2024 (Unaudited) 2023 (Unaudited) Three months ended 2024 (Unaudited) 2023 (Unaudited) DC power systems $ 4,340 $ 1,611 Engineering & Tech Support Services 224 200 Accessories 350 100 Total net sales $ 4,914 $ 1,911 2024 (Unaudited) 2023 (Unaudited) Nine months ended 2024 (Unaudited) 2023 (Unaudited) DC power systems $ 10,381 $ 11,131 Engineering & Tech Support Services 349 254 Accessories 618 303 Total net sales $ 11,348 $ 11,688 The following table shows the Company’s disaggregated net sales by customer type: 2024 (Unaudited) 2023 (Unaudited) Three months ended 2024 (Unaudited) 2023 (Unaudited) Telecom $ 4,467 $ 1,827 Government/Military 371 2 Marine 43 60 Other (backup DC power to various industries ) 33 22 Total net sales $ 4,914 $ 1,911 2024 (Unaudited) 2023 (Unaudited) Nine months ended 2024 (Unaudited) 2023 (Unaudited) Telecommunications $ 10,170 $ 11,222 Government/Military 993 330 Marine 94 88 Other (backup DC power to various industries ) 91 48 Total net sales $ 11,348 $ 11,688 The following tables shows the Company’s net sales by the respective geographical regions of our customers: SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS 2024 2023 Three months ended September 30, 2024 2023 (Unaudited) (Unaudited) United States $ 4,444 $ 1,883 Canada 1 16 South Pacific Islands 84 8 Other Asia Pacific 4 4 Japan 11 — Europe and Middle East 258 — Africa 112 — Total net sales $ 4,914 $ 1,911 2024 2023 Nine months ended September 30, 2024 2023 (Unaudited) (Unaudited) United States $ 9,608 $ 8,894 Canada 1 178 South Pacific Islands 1,309 2,582 Other Asia Pacific 28 8 Japan 31 — Europe and Middle East 259 — Africa 112 26 Total net sales $ 11,348 $ 11,688 For the three months ended September 30, 2024 and 2023, international sales totaled $ 470 28 1,740 2,794 Inventories Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out (“FIFO”) basis. The Company records adjustments to its inventory based on an estimated forecast of the inventory demand, taking into consideration, among others, inventory turnover, inventory quantities on hand, unfilled customer order quantities, forecasted demand, current prices, competitive pricing, and trends and performance of similar products. If the estimated net realizable value is determined to be less than the recorded cost of the inventory, the difference is recognized as a loss in the period in which it occurs. Once inventory has been written down, it creates a new cost basis for inventory that may not be subsequently written up. For the three months and nine months ended September 30, 2024, and the year ended December 31, 2023, there were no As of September 30, 2024 and December 31, 2023, inventories consisted of the following: SCHEDULE OF INVENTORIES NET September 30, 2024 (unaudited) December 31, 2023 Raw materials $ 13,213 $ 14,313 Finished goods 1,816 2,209 Total Inventories $ 15,029 $ 16,522 Product Warranties The Company provides limited warranties for parts and labor at no cost to its customers within a specified time period after the sale. As of September 30, 2024 and December 31, 2023, the Company had accrued a liability for warranty reserve of $ 600 600 SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY Changes in estimates for warranties September 30, 2024 (unaudited) December 31, 2023 Balance at beginning of the period $ 600 $ 600 Payments (182 ) (469 ) Provision for warranties 182 469 Balance at end of the period $ 600 $ 600 Stock-Based Compensation The Company periodically issues stock-based compensation to officers, directors, and consultants for services rendered. Such issuances vest and expire according to terms established at the issuance date. Stock-based payments to employees, directors, and for acquiring goods and services from nonemployees, which include grants of employee stock options, are recognized in the financial statements based on their grant date fair values in accordance with ASC 718, Compensation-Stock Compensation Income Taxes During the three months and nine months ended September 30, 2024 and 2023, the Company did not record any provision for income taxes, as the Company incurred losses for income tax reporting during such periods. The Company accounts for income taxes using the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. The Company has recorded a full valuation allowance against its deferred tax assets as the Company currently believes it is more likely than not that the deferred tax assets will not be realized. Financial Assets and Liabilities Measured at Fair Value The Company uses various inputs in determining the fair value of its investments and measures these assets on a recurring basis. Financial assets recorded at fair value in the balance sheets are categorized by the level of objectivity associated with the inputs used to measure their fair value. Authoritative guidance provided by the Financial Accounting Standards Board (“FASB”) defines the following levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these financial assets: Level 1 Quoted prices in active markets for identical assets or liabilities. Level 2 Inputs, other than the quoted prices in active markets, that is observable either directly or indirectly. Level 3 Unobservable inputs based on the Company’s assumptions. The carrying amounts of certain financial assets and liabilities, such as cash and cash equivalents, accounts receivable and accounts payable, approximate their fair values because of the short maturity of these instruments. The carrying values of the line of credit and notes payable approximate their fair values since the interest rates on these obligations are based on prevailing market interest rates. Concentrations Revenues. 91 96 10 1 46 18 12 65 For the nine months ended September 30, 2024 and 2023, sales to telecommunications customers accounted for 90 96 15 24 44 17 52 22 Accounts receivable 77 10 69 16 Accounts payable 36 12 6 30 10 5 Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing the net income applicable to common stockholders by the weighted average number of common shares outstanding plus the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued using the treasury stock method. Potential common shares are excluded from the computation when their effect is antidilutive. The dilutive effect of potentially dilutive securities is reflected in diluted net income per share if the exercise prices were lower than the average fair market value of common shares during the reporting period. The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive: SCHEDULE OF DILUTED EARNINGS PER SHARE September 30, 2024 September 30, 2023 (Unaudited) (Unaudited) Options 140,000 140,000 Warrants — 24,122 Total 140,000 164,122 Recent Accounting Pronouncements In September 2016, the FASB issued ASU No. 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments (“ASC 326”). The standard significantly changes how entities will measure credit losses for most financial assets, including accounts and notes receivables. The standard will replace today’s “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. As a smaller reporting company, ASU 2016-13 was effective for the Company on January 1, 2023. The adoption of ASU 2016-03 did not have a material impact on the Company’s results of operations, financial position, or cash flows. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosure Segment Reporting In December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). ASU 2023-99 is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company does not expect that the guidance will have a material impact on our financial statements or notes to our financial statements.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 2 – PROPERTY AND EQUIPMENT Property and equipment consist of the following: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2024 (Unaudited) December 31, 2023 Production tooling, jigs, fixtures $ 71 $ 71 Shop equipment and machinery 3,583 3,565 Vehicles 177 177 Leasehold improvements 390 390 Office equipment 185 185 Software 106 106 Total property and equipment, cost 4,512 4,494 Less: accumulated depreciation and amortization (4,295 ) (4,150 ) Property and equipment, net $ 217 $ 344 Depreciation and amortization expense on property and equipment for the three months ended September 30, 2024 and 2023 was $ 25 82 23 79 Depreciation and amortization expense on property and equipment for the nine months ended September 30, 2024 and 2023 was $ 146 309 140 298

NOTES PAYABLE, RELATED PARTY

NOTES PAYABLE, RELATED PARTY	9 Months Ended
	Sep. 30, 2024
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
NOTES PAYABLE, RELATED PARTY	NOTE 3 – NOTES PAYABLE, RELATED PARTY During 2023, the Company’s Chief Executive Officer made three loans to the Company for aggregate principal amount of $ 260 232 3.5 160 72 28 1 265

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2024
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
NOTES PAYABLE	NOTE 4 – NOTES PAYABLE Notes payable consist of the following: SCHEDULE OF NOTES PAYABLE September 30, 2024 (Unaudited) December 31, 2023 Total Equipment Notes Payable $ — $ 64 Less current portion — (64 ) Notes Payable, Noncurrent portion $ — $ — The Company has entered into several financing agreements for the purchase of equipment in prior years. The terms of these financing arrangements are for a term of 2 5 1.9 6.9 mature between September 2023 and July 2024

LINE OF CREDIT

LINE OF CREDIT	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
LINE OF CREDIT	NOTE 5 – LINE OF CREDIT Credit Facility Effective September 30, 2020, the Company entered into a Loan and Security Agreement (the “Loan Agreement”) with Pinnacle Bank (“Pinnacle”). The Loan Agreement, as amended, provides for a revolving credit facility under which Pinnacle may make advances to the Company up to $ 7,500 (a) 85% of the aggregate net face amount of the Company’s accounts receivable and other contract rights and receivables, plus (b) the lesser of (i) 40% of the aggregate eligible inventory value of eligible inventory or (ii) $4.0 million, plus (c) up to $146 collateralized by certain equipment September 30, 2024 At December 31, 2023, the outstanding balance under the line of credit was $ 4,238 423 4,661 1,432 Borrowings based on receivables bears an interest on the daily balance at a rate of 1.25 3.75 9.75 9.75 2.25 4.75 10.75 10.75 Pinnacle may terminate the Loan Agreement at any time upon ninety days prior written notice and immediately upon the occurrence of an event of default. Under the Loan Agreement, the Company granted Pinnacle a security interest in all presently existing and thereafter acquired or arising assets of the Company. The Loan Agreement also contains a financial covenant requiring the Company to attain an effective tangible net worth, as defined, which the Company attained as of September 30, 2024. The Loan Agreement obligates the Company to pay Pinnacle a yearly facility fee in an amount equal to 1.125

STOCK OPTIONS

STOCK OPTIONS	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
STOCK OPTIONS	NOTE 6 – STOCK OPTIONS The following table summarizes stock options: SCHEDULE OF STOCK OPTION ACTIVITY Number of Weighted Average Options Exercise Price Outstanding, December 31, 2023 140,000 $ 5.22 Granted — — Exercised/Forfeited/Expired — — Outstanding, September 30, 2024 (unaudited) 140,000 $ 5.22 Exercisable, September 30, 2024 (unaudited) 140,000 $ 5.22 Effective July 8, 2016, the Company’s board of directors approved the Polar Power 2016 Omnibus Incentive Plan (the “2016 Plan”), authorizing the issuance of up to 1,754,385 350,877 At September 30, 2024, and December 31, 2023, the Company had total outstanding options exercisable into 140,000 4.84 5.60 30,000 110,000 The outstanding options had no

STOCK WARRANTS

STOCK WARRANTS	9 Months Ended
	Sep. 30, 2024
Stock Warrants
STOCK WARRANTS	NOTE 7 – STOCK WARRANTS At June 30, 2023, the Company had warrants outstanding to purchase an aggregate of 24,122 12,062 no

OPERATING LEASES

OPERATING LEASES	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
OPERATING LEASES	NOTE 8 – OPERATING LEASES The Company has two operating lease agreements for its warehouse and office facilities. The first lease expired February 28, 2023, and was extended beginning March 1, 2023 to February 28, 2026 The second lease expired August 31, 2023, and was extended beginning September 1, 2023 to August 31, 2026 89 111 125 3,896 3,578 The Company also has a third lease on a month-to-month basis and is charged $ 25 The components of rent expense and supplemental cash flow information related to leases for the period are as follows: SCHEDULE OF RENT EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION Nine months September 30, 2024 Nine months September 30, 2023 Lease Cost Operating lease cost $ 747 $ 1,013 Operating lease cost (of which $ 120 797 327 686 $ 747 $ 1,013 Other Information Weighted average remaining lease term – operating leases (in years) 1.7 2.7 Average discount rate – operating leases 6.13 % 5.13 % The supplemental balance sheet information related to leases for the period is as follows: SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION At At Operating leases Long-term operating right-of-use assets, net of accumulated amortization of $ 1,632 409 $ 1,944 $ 3,103 Short-term operating lease liabilities $ 1,322 $ 1,045 Long-term operating lease liabilities 840 2,162 Total operating lease liabilities $ 2,162 $ 3,207 Maturities of the Company’s lease liabilities are as follows (in thousands): SCHEDULE OF MATURITIES OF LEASE LIABILITIES Year Ending Operating Leases 2024 (remaining 3 months) 332 2025 1,446 2026 496 Total lease payments 2,274 Less: Imputed interest/present value discount (112 ) Present value of lease liabilities $ 2,162 Rent expense for the three months ended September 30, 2024 and 2023 was $ 399 374 1,199 1,023

EMPLOYEE RETENTION CREDITS

EMPLOYEE RETENTION CREDITS	9 Months Ended
	Sep. 30, 2024
Employee Retention Credits
EMPLOYEE RETENTION CREDITS	NOTE 9 - EMPLOYEE RETENTION CREDITS The Consolidated Appropriations Act, passed in December 2021, expanded the employee retention credit (“ERC”) program through December 2021. The credits cover 70 7 2,000 2,000 2,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS On November 11, 2024, the Company held its annual meeting of stockholders. At the meeting, the Company’s stockholders approved an amendment to its Certificate of Incorporation to allow the Board of Directors to effect, in its discretion prior to December 31, 2024, a reverse stock split of all of the Company’s issued and outstanding common stock, par value $ 0.0001

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	The Company Polar Power, Inc. was incorporated in the State of Washington as Polar Products, Inc. and in 1991 reincorporated in the State of California under the name Polar Power, Inc. In December 2016, Polar Power, Inc. reincorporated in the State of Delaware (the “Company”, “we” or “us”). The Company designs, manufactures and sells direct current, or DC, power systems to supply reliable and low-cost energy to off-grid, bad-grid and backup power, electric vehicle (“EV”) charging, and nano-grid applications. The Company’s products integrate DC generator, proprietary electronic control systems, lithium batteries and solar photovoltaic (“PV”) technologies to provide low operating cost and emissions for telecommunications, defense, automotive, nano-grid, EV charging and industrial markets.
Going concern	Going concern The accompanying financial statements have been prepared under the assumption that the Company will continue as a going concern. For the nine months ended September 30, 2024, the Company recorded a net loss of $ 1,628 As of September 30, 2024, the Company had a cash balance of $ 498 1,432 11,561 10,132
Impact of inflation	Impact of inflation The continuing impact of the higher inflation, the actions by the Federal Reserve to address inflation, most notably sustained increases in interest rates, and rising energy prices create uncertainty about the future economic environment which will continue to evolve and, we believe, has impacted the Company’s business in 2023 and may continue to impact business in 2024. The implications of higher government deficits and debt, tighter monetary policy, and potentially higher long-term interest rates may drive a higher cost of capital for the business and an increase in the Company’s operating expenses.
Basis of Presentation of Unaudited Financial Information	Basis of Presentation of Unaudited Financial Information The unaudited condensed financial statements of the Company for the three and nine months ended September 30, 2024 and 2023 have been prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-K for scaled disclosures for smaller reporting companies. Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. However, such information reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of management, necessary for the fair presentation of the Company’s financial position and results of operations. Results shown for interim periods are not necessarily indicative of the results to be obtained for a full fiscal year. The balance sheet information as of December 31, 2023 was derived from the audited financial statements included in the Company’s financial statements as of and for the years ended December 31, 2023 and 2022 contained in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission, or the SEC, on April 1, 2024. These financial statements should be read in conjunction with that report.
Estimates	Estimates The preparation of financial statements in conformity with GAAP 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 revenue and expenses during the reporting period. Material estimates relate to the assumptions made in determining estimates for credit loss reserves for accounts receivable, assumptions used in valuing inventories at net realizable value, impairment testing of recorded long-term assets, the realizability of deferred tax assets and the related valuation allowance, accruals for warranty reserves, accruals for potential liabilities, assumptions made in valuing stock instruments issued for services, and assumptions used in the determination of the Company’s liquidity. Actual results may differ from those estimates.
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers (“ASC 606”). Substantially all of the Company’s revenue is derived from product sales. Product revenue is recognized when performance obligations under the terms of a contract are satisfied, which occurs for the Company upon shipment or delivery of products or services to its customers based on written sales terms, which is also when control is transferred. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring the products or services to a customer. The Company determines whether delivery has occurred based on when title transfers and the risks and rewards of ownership have transferred to the customer, which usually occurs when the Company places the product with the customer’s carrier or delivers the product to a customer’s location. The Company regularly reviews its customers’ financial positions to ensure that collectability is reasonably assured. The Company also recognizes revenues from engineering services, technical support, and sale of accessories that support the Company’s direct current, or DC, power systems. Revenue is recognized when transfer of control to the customer has been made and the Company’s performance obligation has been fulfilled. The Company’s revenue from engineering services, technical support services, and product accessories are clearly defined in each transaction with its customers and have not been significant to date. The Company also recognizes revenues from the rental of equipment. The Company’s rental revenues have not been significant to date and have accounted for less than one percent of total revenues for the three-month and nine months ended September 30, 2024 and 2023. The Company’s rental contracts are fixed price contracts for fixed durations of time and include freight and delivery charges and are recognized on a straight-line basis over the rental period. Disaggregation of Net Sales The following table shows the Company’s disaggregated net sales by product type: SCHEDULE OF DISAGGREGATED NET SALES 2024 (Unaudited) 2023 (Unaudited) Three months ended 2024 (Unaudited) 2023 (Unaudited) DC power systems $ 4,340 $ 1,611 Engineering & Tech Support Services 224 200 Accessories 350 100 Total net sales $ 4,914 $ 1,911 2024 (Unaudited) 2023 (Unaudited) Nine months ended 2024 (Unaudited) 2023 (Unaudited) DC power systems $ 10,381 $ 11,131 Engineering & Tech Support Services 349 254 Accessories 618 303 Total net sales $ 11,348 $ 11,688 The following table shows the Company’s disaggregated net sales by customer type: 2024 (Unaudited) 2023 (Unaudited) Three months ended 2024 (Unaudited) 2023 (Unaudited) Telecom $ 4,467 $ 1,827 Government/Military 371 2 Marine 43 60 Other (backup DC power to various industries ) 33 22 Total net sales $ 4,914 $ 1,911 2024 (Unaudited) 2023 (Unaudited) Nine months ended 2024 (Unaudited) 2023 (Unaudited) Telecommunications $ 10,170 $ 11,222 Government/Military 993 330 Marine 94 88 Other (backup DC power to various industries ) 91 48 Total net sales $ 11,348 $ 11,688 The following tables shows the Company’s net sales by the respective geographical regions of our customers: SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS 2024 2023 Three months ended September 30, 2024 2023 (Unaudited) (Unaudited) United States $ 4,444 $ 1,883 Canada 1 16 South Pacific Islands 84 8 Other Asia Pacific 4 4 Japan 11 — Europe and Middle East 258 — Africa 112 — Total net sales $ 4,914 $ 1,911 2024 2023 Nine months ended September 30, 2024 2023 (Unaudited) (Unaudited) United States $ 9,608 $ 8,894 Canada 1 178 South Pacific Islands 1,309 2,582 Other Asia Pacific 28 8 Japan 31 — Europe and Middle East 259 — Africa 112 26 Total net sales $ 11,348 $ 11,688 For the three months ended September 30, 2024 and 2023, international sales totaled $ 470 28 1,740 2,794
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out (“FIFO”) basis. The Company records adjustments to its inventory based on an estimated forecast of the inventory demand, taking into consideration, among others, inventory turnover, inventory quantities on hand, unfilled customer order quantities, forecasted demand, current prices, competitive pricing, and trends and performance of similar products. If the estimated net realizable value is determined to be less than the recorded cost of the inventory, the difference is recognized as a loss in the period in which it occurs. Once inventory has been written down, it creates a new cost basis for inventory that may not be subsequently written up. For the three months and nine months ended September 30, 2024, and the year ended December 31, 2023, there were no As of September 30, 2024 and December 31, 2023, inventories consisted of the following: SCHEDULE OF INVENTORIES NET September 30, 2024 (unaudited) December 31, 2023 Raw materials $ 13,213 $ 14,313 Finished goods 1,816 2,209 Total Inventories $ 15,029 $ 16,522
Product Warranties	Product Warranties The Company provides limited warranties for parts and labor at no cost to its customers within a specified time period after the sale. As of September 30, 2024 and December 31, 2023, the Company had accrued a liability for warranty reserve of $ 600 600 SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY Changes in estimates for warranties September 30, 2024 (unaudited) December 31, 2023 Balance at beginning of the period $ 600 $ 600 Payments (182 ) (469 ) Provision for warranties 182 469 Balance at end of the period $ 600 $ 600
Stock-Based Compensation	Stock-Based Compensation The Company periodically issues stock-based compensation to officers, directors, and consultants for services rendered. Such issuances vest and expire according to terms established at the issuance date. Stock-based payments to employees, directors, and for acquiring goods and services from nonemployees, which include grants of employee stock options, are recognized in the financial statements based on their grant date fair values in accordance with ASC 718, Compensation-Stock Compensation
Income Taxes	Income Taxes During the three months and nine months ended September 30, 2024 and 2023, the Company did not record any provision for income taxes, as the Company incurred losses for income tax reporting during such periods. The Company accounts for income taxes using the asset and liability method whereby deferred tax assets are recognized for deductible temporary differences, and deferred tax liabilities are recognized for taxable temporary differences. The Company has recorded a full valuation allowance against its deferred tax assets as the Company currently believes it is more likely than not that the deferred tax assets will not be realized.
Financial Assets and Liabilities Measured at Fair Value	Financial Assets and Liabilities Measured at Fair Value The Company uses various inputs in determining the fair value of its investments and measures these assets on a recurring basis. Financial assets recorded at fair value in the balance sheets are categorized by the level of objectivity associated with the inputs used to measure their fair value. Authoritative guidance provided by the Financial Accounting Standards Board (“FASB”) defines the following levels directly related to the amount of subjectivity associated with the inputs to fair valuation of these financial assets: Level 1 Quoted prices in active markets for identical assets or liabilities. Level 2 Inputs, other than the quoted prices in active markets, that is observable either directly or indirectly. Level 3 Unobservable inputs based on the Company’s assumptions. The carrying amounts of certain financial assets and liabilities, such as cash and cash equivalents, accounts receivable and accounts payable, approximate their fair values because of the short maturity of these instruments. The carrying values of the line of credit and notes payable approximate their fair values since the interest rates on these obligations are based on prevailing market interest rates.
Concentrations	Concentrations Revenues. 91 96 10 1 46 18 12 65 For the nine months ended September 30, 2024 and 2023, sales to telecommunications customers accounted for 90 96 15 24 44 17 52 22 Accounts receivable 77 10 69 16 Accounts payable 36 12 6 30 10 5
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing the net income applicable to common stockholders by the weighted average number of common shares outstanding plus the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued using the treasury stock method. Potential common shares are excluded from the computation when their effect is antidilutive. The dilutive effect of potentially dilutive securities is reflected in diluted net income per share if the exercise prices were lower than the average fair market value of common shares during the reporting period. The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive: SCHEDULE OF DILUTED EARNINGS PER SHARE September 30, 2024 September 30, 2023 (Unaudited) (Unaudited) Options 140,000 140,000 Warrants — 24,122 Total 140,000 164,122
Recent Accounting Pronouncements	Recent Accounting Pronouncements In September 2016, the FASB issued ASU No. 2016-13, Credit Losses - Measurement of Credit Losses on Financial Instruments (“ASC 326”). The standard significantly changes how entities will measure credit losses for most financial assets, including accounts and notes receivables. The standard will replace today’s “incurred loss” approach with an “expected loss” model, under which companies will recognize allowances based on expected rather than incurred losses. Entities will apply the standard’s provisions as a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective. As a smaller reporting company, ASU 2016-13 was effective for the Company on January 1, 2023. The adoption of ASU 2016-03 did not have a material impact on the Company’s results of operations, financial position, or cash flows. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosure Segment Reporting In December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5 percent of the amount computed by multiplying pretax income or loss by the applicable statutory income tax rate). ASU 2023-99 is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted. The Company does not expect that the guidance will have a material impact on our financial statements or notes to our financial statements.

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF DISAGGREGATED NET SALES	The following table shows the Company’s disaggregated net sales by product type: SCHEDULE OF DISAGGREGATED NET SALES 2024 (Unaudited) 2023 (Unaudited) Three months ended 2024 (Unaudited) 2023 (Unaudited) DC power systems $ 4,340 $ 1,611 Engineering & Tech Support Services 224 200 Accessories 350 100 Total net sales $ 4,914 $ 1,911 2024 (Unaudited) 2023 (Unaudited) Nine months ended 2024 (Unaudited) 2023 (Unaudited) DC power systems $ 10,381 $ 11,131 Engineering & Tech Support Services 349 254 Accessories 618 303 Total net sales $ 11,348 $ 11,688 The following table shows the Company’s disaggregated net sales by customer type: 2024 (Unaudited) 2023 (Unaudited) Three months ended 2024 (Unaudited) 2023 (Unaudited) Telecom $ 4,467 $ 1,827 Government/Military 371 2 Marine 43 60 Other (backup DC power to various industries ) 33 22 Total net sales $ 4,914 $ 1,911 2024 (Unaudited) 2023 (Unaudited) Nine months ended 2024 (Unaudited) 2023 (Unaudited) Telecommunications $ 10,170 $ 11,222 Government/Military 993 330 Marine 94 88 Other (backup DC power to various industries ) 91 48 Total net sales $ 11,348 $ 11,688
SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS	The following tables shows the Company’s net sales by the respective geographical regions of our customers: SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS 2024 2023 Three months ended September 30, 2024 2023 (Unaudited) (Unaudited) United States $ 4,444 $ 1,883 Canada 1 16 South Pacific Islands 84 8 Other Asia Pacific 4 4 Japan 11 — Europe and Middle East 258 — Africa 112 — Total net sales $ 4,914 $ 1,911 2024 2023 Nine months ended September 30, 2024 2023 (Unaudited) (Unaudited) United States $ 9,608 $ 8,894 Canada 1 178 South Pacific Islands 1,309 2,582 Other Asia Pacific 28 8 Japan 31 — Europe and Middle East 259 — Africa 112 26 Total net sales $ 11,348 $ 11,688
SCHEDULE OF INVENTORIES NET	As of September 30, 2024 and December 31, 2023, inventories consisted of the following: SCHEDULE OF INVENTORIES NET September 30, 2024 (unaudited) December 31, 2023 Raw materials $ 13,213 $ 14,313 Finished goods 1,816 2,209 Total Inventories $ 15,029 $ 16,522
SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY	SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY Changes in estimates for warranties September 30, 2024 (unaudited) December 31, 2023 Balance at beginning of the period $ 600 $ 600 Payments (182 ) (469 ) Provision for warranties 182 469 Balance at end of the period $ 600 $ 600
SCHEDULE OF DILUTED EARNINGS PER SHARE	The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive: SCHEDULE OF DILUTED EARNINGS PER SHARE September 30, 2024 September 30, 2023 (Unaudited) (Unaudited) Options 140,000 140,000 Warrants — 24,122 Total 140,000 164,122

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Property and equipment consist of the following: SCHEDULE OF PROPERTY AND EQUIPMENT September 30, 2024 (Unaudited) December 31, 2023 Production tooling, jigs, fixtures $ 71 $ 71 Shop equipment and machinery 3,583 3,565 Vehicles 177 177 Leasehold improvements 390 390 Office equipment 185 185 Software 106 106 Total property and equipment, cost 4,512 4,494 Less: accumulated depreciation and amortization (4,295 ) (4,150 ) Property and equipment, net $ 217 $ 344

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2024
Nonrelated Party [Member]
Defined Benefit Plan Disclosure [Line Items]
SCHEDULE OF NOTES PAYABLE	Notes payable consist of the following: SCHEDULE OF NOTES PAYABLE September 30, 2024 (Unaudited) December 31, 2023 Total Equipment Notes Payable $ — $ 64 Less current portion — (64 ) Notes Payable, Noncurrent portion $ — $ —

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF STOCK OPTION ACTIVITY	The following table summarizes stock options: SCHEDULE OF STOCK OPTION ACTIVITY Number of Weighted Average Options Exercise Price Outstanding, December 31, 2023 140,000 $ 5.22 Granted — — Exercised/Forfeited/Expired — — Outstanding, September 30, 2024 (unaudited) 140,000 $ 5.22 Exercisable, September 30, 2024 (unaudited) 140,000 $ 5.22

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
SCHEDULE OF RENT EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION	The components of rent expense and supplemental cash flow information related to leases for the period are as follows: SCHEDULE OF RENT EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION Nine months September 30, 2024 Nine months September 30, 2023 Lease Cost Operating lease cost $ 747 $ 1,013 Operating lease cost (of which $ 120 797 327 686 $ 747 $ 1,013 Other Information Weighted average remaining lease term – operating leases (in years) 1.7 2.7 Average discount rate – operating leases 6.13 % 5.13 %
SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION	The supplemental balance sheet information related to leases for the period is as follows: SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION At At Operating leases Long-term operating right-of-use assets, net of accumulated amortization of $ 1,632 409 $ 1,944 $ 3,103 Short-term operating lease liabilities $ 1,322 $ 1,045 Long-term operating lease liabilities 840 2,162 Total operating lease liabilities $ 2,162 $ 3,207
SCHEDULE OF MATURITIES OF LEASE LIABILITIES	Maturities of the Company’s lease liabilities are as follows (in thousands): SCHEDULE OF MATURITIES OF LEASE LIABILITIES Year Ending Operating Leases 2024 (remaining 3 months) 332 2025 1,446 2026 496 Total lease payments 2,274 Less: Imputed interest/present value discount (112 ) Present value of lease liabilities $ 2,162

SCHEDULE OF DISAGGREGATED NET S

SCHEDULE OF DISAGGREGATED NET SALES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total net sales	$ 4,914	$ 1,911	$ 11,348	$ 11,688
Telecommunications [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total net sales	4,467	1,827	10,170	11,222
Government And Military [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total net sales	371	2	993	330
Marine [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total net sales	43	60	94	88
Other [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total net sales	33	22	91	48
DC Power Systems [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total net sales	4,340	1,611	10,381	11,131
Engineering And Tech Support Services [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total net sales	224	200	349	254
Accessories [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Total net sales	$ 350	$ 100	$ 618	$ 303

SCHEDULE OF NET SALES BY GEOGRA

SCHEDULE OF NET SALES BY GEOGRAPHICAL REGIONS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Total net sales	$ 4,914	$ 1,911	$ 11,348	$ 11,688
UNITED STATES
Total net sales	4,444	1,883	9,608	8,894
CANADA
Total net sales	1	16	1	178
South Pacific Islands [Member]
Total net sales	84	8	1,309	2,582
Other Asia Pacific [Member]
Total net sales	4	4	28	8
JAPAN
Total net sales	11		31
Europe And Middle East [Member]
Total net sales	258		259
Africa [Member]
Total net sales	$ 112		$ 112	$ 26

SCHEDULE OF INVENTORIES NET (De

SCHEDULE OF INVENTORIES NET (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 13,213	$ 14,313
Finished goods	1,816	2,209
Total Inventories	$ 15,029	$ 16,522

SCHEDULE OF RECONCILIATION OF T

SCHEDULE OF RECONCILIATION OF THE PRODUCT WARRANT LIABILITY (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance at beginning of the period	$ 600	$ 600
Payments	(182)	(469)
Provision for warranties	182	469
Balance at end of the period	$ 600	$ 600

SCHEDULE OF DILUTED EARNINGS PE

SCHEDULE OF DILUTED EARNINGS PER SHARE (Details) - shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	140,000	164,122
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	140,000	140,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		24,122

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2022
Product Information [Line Items]
Net loss	$ (13,000)	$ 1,844,000	$ 1,628,000	$ 3,393,000
Cash	498,000		498,000		$ 549,000
Borrowing capacity	1,432,000		1,432,000
Stockholders equity	11,561,000	14,788,000	11,561,000	14,788,000	13,189,000	$ 11,548,000	$ 16,632,000	$ 18,181,000
Working capital	10,132,000		10,132,000
Net sales	4,914,000	$ 1,911,000	11,348,000	$ 11,688,000
Inventory write down	0		0		0
Warranty reserve accrual	$ 600,000		$ 600,000		$ 600,000			$ 600,000
Revenue from Contract with Customer Benchmark [Member] | Revenue from Rights Concentration Risk [Member] | Largest Customer One [Member]
Product Information [Line Items]
Concentration risk	46%	65%	44%	52%
Revenue from Contract with Customer Benchmark [Member] | Revenue from Rights Concentration Risk [Member] | Largest Customer Two [Member]
Product Information [Line Items]
Concentration risk	18%		17%	22%
Revenue from Contract with Customer Benchmark [Member] | Revenue from Rights Concentration Risk [Member] | Largest Customer Three [Member]
Product Information [Line Items]
Concentration risk	12%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Largest Receivable Accounts One [Member]
Product Information [Line Items]
Concentration risk			77%		69%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Largest Receivable Accounts Two [Member]
Product Information [Line Items]
Concentration risk			10%		16%
Accounts Payable [Member] | Customer Concentration Risk [Member] | Largest Vendors Two [Member]
Product Information [Line Items]
Concentration risk			12%		10%
Accounts Payable [Member] | Customer Concentration Risk [Member] | Largest Vendors Three [Member]
Product Information [Line Items]
Concentration risk			6%		5%
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Largest Vendors One [Member]
Product Information [Line Items]
Concentration risk			36%		30%
Sales to Telecommunications Customers [Member] | Revenue from Contract with Customer Benchmark [Member] | Revenue from Rights Concentration Risk [Member]
Product Information [Line Items]
Concentration risk	91%	96%	90%	96%
Sales To International Customers [Member] | Revenue from Contract with Customer Benchmark [Member] | Revenue from Rights Concentration Risk [Member]
Product Information [Line Items]
Concentration risk	10%	1%	15%	24%
International Sales [Member]
Product Information [Line Items]
Net sales	$ 470,000	$ 28,000	$ 1,740,000	$ 2,794,000

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total property and equipment, cost	$ 4,512	$ 4,494
Less: accumulated depreciation and amortization	(4,295)	(4,150)
Property and equipment, net	217	344
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment, cost	71	71
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment, cost	3,583	3,565
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment, cost	177	177
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment, cost	390	390
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment, cost	185	185
Software Development [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment, cost	$ 106	$ 106

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 25	$ 82	$ 146	$ 309
Depreciation	$ 23	$ 79	$ 140	$ 298

SCHEDULE OF NOTES PAYABLE (Deta

SCHEDULE OF NOTES PAYABLE (Details) - Nonrelated Party [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Total Equipment Notes Payable		$ 64
Less current portion		(64)
Notes Payable, Noncurrent portion	$ 0	$ 0

NOTES PAYABLE, RELATED PARTY (D

NOTES PAYABLE, RELATED PARTY (Details Narrative) - Related Party [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Notes payable		$ 260,000
Interest accures		$ 232
Interest rate		3.50%
Notes payable	$ 265,000	$ 257,000
April 2025 [Member]
Short-Term Debt [Line Items]
Debt payments		160
August 2025 [Member]
Short-Term Debt [Line Items]
Debt payments	$ 72
October 2024 [Member]
Short-Term Debt [Line Items]
Interest accures		$ 28
Interest rate		1%

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - Equipment [Member] - Several Financing Agreements [Member] - Nonrelated Party [Member]	9 Months Ended
	Sep. 30, 2024
Debt Instrument [Line Items]
Debt maturity	mature between September 2023 and July 2024
Minimum [Member]
Debt Instrument [Line Items]
Debt term	2 years
Interest rate	1.90%
Maximum [Member]
Debt Instrument [Line Items]
Debt term	5 years
Interest rate	6.90%

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($) $ in Thousands		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Proceeds from lines of credit		$ 423	$ 3,310
Pinnacle Bank [Member] | Loan and Security Agreement [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$ 7,500
Line of credit facility description	(a) 85% of the aggregate net face amount of the Company’s accounts receivable and other contract rights and receivables, plus (b) the lesser of (i) 40% of the aggregate eligible inventory value of eligible inventory or (ii) $4.0 million, plus (c) up to $146 collateralized by certain equipment
Line of credit facility, expiration date	Sep. 30, 2024
Line of credit		4,661		$ 4,238
Proceeds from lines of credit		423
Line of credit facility, remaining borrowing capacity		$ 1,432
Line of credit facility, fee percentage		1.125%
Pinnacle Bank [Member] | Loan and Security Agreement [Member] | Standard Interest Rate [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate percentage		9.75%		9.75%
Pinnacle Bank [Member] | Loan and Security Agreement [Member] | Standard Interest Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate percentage		3.75%
Pinnacle Bank [Member] | Loan and Security Agreement [Member] | Inventory Interest Rate [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate percentage		10.75%		10.75%
Pinnacle Bank [Member] | Loan and Security Agreement [Member] | Inventory Interest Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate percentage		4.75%
Pinnacle Bank [Member] | Loan and Security Agreement [Member] | Prime Rate [Member] | Standard Interest Rate [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate percentage		1.25%
Pinnacle Bank [Member] | Loan and Security Agreement [Member] | Prime Rate [Member] | Inventory Interest Rate [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate percentage		2.25%

SCHEDULE OF STOCK OPTION ACTIVI

SCHEDULE OF STOCK OPTION ACTIVITY (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of options, outstanding, beginning balance | shares	140,000
Weighted average exercise price, outstanding, beginning balance | $ / shares	$ 5.22
Number of options, granted | shares
Weighted average exercise price, granted | $ / shares
Number of options, exercised, forfeited, expired | shares
Weighted average exercise price, exercised ,forfeited, expired | $ / shares
Number of options, outstanding, ending balance | shares	140,000
Weighted average exercise price, outstanding, ending balance | $ / shares	$ 5.22
Number of options, exercisable, ending balance | shares	140,000
Weighted average exercise price,exercisable, ending balance | $ / shares	$ 5.22

STOCK OPTIONS (Details Narrativ

STOCK OPTIONS (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023	Jul. 08, 2016
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Outstanding options	140,000	140,000
Intrinsic value outstanding	$ 0
December 2027 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Option share to be expire	30,000	30,000
April 2028 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Option share to be expire	110,000	110,000
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise prices	$ 4.84	$ 4.84
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise prices	$ 5.60	$ 5.60
2016 Omnibus Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares authorized			1,754,385
Maximum number of shares available for issuance			350,877

STOCK WARRANTS (Details Narrati

STOCK WARRANTS (Details Narrative) - shares	Sep. 30, 2024	Dec. 31, 2023	Nov. 09, 2023	Jul. 07, 2020
Stock Warrants
Warrants outstanding	0	0		24,122
Exchange of warrants			12,062

SCHEDULE OF RENT EXPENSE AND SU

SCHEDULE OF RENT EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 747	$ 1,013
Weighted average remaining lease term - operating leases (in years)	1 year 8 months 12 days	2 years 8 months 12 days
Average discount rate - operating leases	6.13%	5.13%

SCHEDULE OF RENT EXPENSE AND _2

SCHEDULE OF RENT EXPENSE AND SUPPLEMENTAL CASH FLOW INFORMATION (Details) (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating lease cost	$ 747	$ 1,013
General and Administrative Expense [Member]
Operating lease cost	120	327
Cost of Sales [Member]
Operating lease cost	$ 797	$ 686

SCHEDULE OF SUPPLEMENTAL BALANC

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Leases [Abstract]
Long-term operating right-of-use assets, net of accumulated amortization of $1,632 and $409, respectively	$ 1,944	$ 2,818	$ 3,103
Short-term operating lease liabilities	1,322	1,124	1,045
Long-term operating lease liabilities	840	$ 1,856	2,162
Total operating lease liabilities	$ 2,162		$ 3,207

SCHEDULE OF SUPPLEMENTAL BALA_2

SCHEDULE OF SUPPLEMENTAL BALANCE SHEET INFORMATION (Details) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Accumulated amortization of right-of-use assets	$ 1,632	$ 409

SCHEDULE OF MATURITIES OF LEASE

SCHEDULE OF MATURITIES OF LEASE LIABILITIES (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
2024 (remaining 3 months)	$ 332
2025	1,446
2026	496
Total lease payments	2,274
Less: Imputed interest/present value discount	(112)
Present value of lease liabilities	$ 2,162	$ 3,207

OPERATING LEASES (Details Narra

OPERATING LEASES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Lessee, Lease, Description [Line Items]
Lease payments, year one	$ 1,446		$ 1,446
Lease payments, year two	496		496
Rent expense	399	$ 374	1,199	$ 1,023
Lease Three [Member]
Lessee, Lease, Description [Line Items]
Lease payments			$ 25
Warehouse [Member]
Lessee, Lease, Description [Line Items]
Operating lease, expiration date			The first lease expired February 28, 2023, and was extended beginning March 1, 2023 to February 28, 2026
Office Facilities [Member]
Lessee, Lease, Description [Line Items]
Operating lease, expiration date			The second lease expired August 31, 2023, and was extended beginning September 1, 2023 to August 31, 2026
Warehouse And Office Facilities [Member]
Lessee, Lease, Description [Line Items]
Lease payments, year one	89		$ 89
Lease payments, year two	111		111
Lease payments, year three	125		125
Lease payments			3,896
Operating lease, assets and liabilities	$ 3,578		$ 3,578

EMPLOYEE RETENTION CREDITS (Det

EMPLOYEE RETENTION CREDITS (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024	May 01, 2024	Dec. 31, 2023	Dec. 31, 2021
Employee Retention Credits
Employee retention credit wages percentage	70%
Employee retention credit per shares	$ 7
Expenses of employee retention credit				$ 2,000
Employee retention credit receivable		$ 2,000	$ 2,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - $ / shares	Nov. 11, 2024	Sep. 30, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Common stock, par value		$ 0.0001	$ 0.0001
Subsequent Event [Member]
Subsequent Event [Line Items]
Reverse stock split description	a reverse stock split of all of the Company’s issued and outstanding common stock, par value $0.0001 per share, at a specific ratio, ranging from one-for-three (1:3) to one-for-twenty (1:20), with the timing and ratio to be determined by the Board if effected.   On November 11, 2024, our Board approved a reverse stock split at a ratio of one-for-seven (1:7) (the “Reverse Stock Split”) and we plan to effect the Reverse Stock Split with the market effective date of November 19, 2024.
Common stock, par value	$ 0.0001