Sypris Solutions (SYPR) 10-K 16 Mar 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 10, 2023	Jul. 03, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	0-24020
Entity Registrant Name	SYPRIS SOLUTIONS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-1321992
Entity Address, Address Line One	101 Bullitt Lane, Suite 450
Entity Address, City or Town	Louisville
Entity Address, State or Province	KY
Entity Address, Postal Zip Code	40222
City Area Code	502
Local Phone Number	329-2000
Title of 12(b) Security	Common Stock
Trading Symbol	SYPR
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 26,580,726
Entity Common Stock, Shares Outstanding (in shares)		22,196,099
Auditor Firm ID	173
Auditor Name	Crowe LLP
Auditor Location	San Francisco, California
Entity Central Index Key	0000864240
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net revenue	$ 110,121,000	$ 97,434,000
Cost of sales	95,268,000	82,928,000
Gross profit	14,853,000	14,506,000
Selling, general and administrative	14,489,000	12,596,000
Operating income	364,000	1,910,000
Interest expense, net	1,110,000	868,000
Other expense, net	800,000	645,000
Forgiveness of PPP Loan and related interest	0	(3,599,000)
(Loss) income before income taxes	(1,546,000)	3,996,000
Income tax expense, net	948,000	1,073,000
Net (loss) income	$ (2,494,000)	$ 2,923,000
Basic (in dollars per share)	$ (0.11)	$ 0.14
Diluted (in dollars per share)	(0.11)	0.13
Cash dividends per common share (in dollars per share)	$ 0	$ 0
Weighted average shares outstanding:
Basic (in shares)	21,729	21,585
Diluted (in shares)	21,729	23,001

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net (loss) income	$ (2,494)	$ 2,923
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax expense	982	(593)
Employee benefit related, net of tax expense	1,167	2,297
Other comprehensive income	2,149	1,704
Comprehensive (loss) income	$ (345)	$ 4,627

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 21,648,000	$ 11,620,000
Accounts receivable, net	8,064,000	8,467,000
Inventory, net	42,133,000	30,100,000
Other current assets	8,133,000	5,868,000
Total current assets	79,978,000	56,055,000
Property, plant and equipment, net	15,532,000	14,140,000
Operating lease right-of-use assets	4,251,000	5,140,000
Other assets	4,383,000	4,170,000
Total assets	104,144,000	79,505,000
Current liabilities:
Accounts payable	17,638,000	11,962,000
Accrued liabilities	33,316,000	19,646,000
Operating lease liabilities, current portion	1,168,000	1,063,000
Finance lease obligations, current portion	1,102,000	983,000
Equipment financing obligations, current portion	398,000	336,000
Note payable – related party, current portion	2,500,000	0
Total current liabilities	56,122,000	33,990,000
Operating lease obligations, net of current portion	3,710,000	4,878,000
Finance lease obligations, net of current portion	2,536,000	3,469,000
Equipment financing obligations, net of current portion	738,000	868,000
Note payable – related party	3,989,000	6,484,000
Other liabilities	17,474,000	10,530,000
Total liabilities	84,569,000	60,219,000
Stockholders’ equity:
Preferred stock	0	0
Additional paid-in capital	155,535,000	154,904,000
Accumulated deficit	(115,336,000)	(112,842,000)
Accumulated other comprehensive loss	(20,845,000)	(22,994,000)
Treasury stock, 19 shares in 2022 and 2021	0	0
Total stockholders’ equity	19,575,000	19,286,000
Total liabilities and stockholders’ equity	104,144,000	79,505,000
Series A Preferred Stock [Member]
Stockholders’ equity:
Preferred stock	0	0
Nonvoting Common Stock [Member]
Stockholders’ equity:
Common stock	0	0
Common Stock [Member]
Stockholders’ equity:
Common stock	$ 221,000	$ 218,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized (in shares)	975,150	975,150
Preferred Stock, Shares Issued (in shares)	0	0
Treasury Stock, Shares, Total (in shares)	19	19
Series A Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized (in shares)	24,850	24,850
Preferred Stock, Shares Issued (in shares)	0	0
Nonvoting Common Stock [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized (in shares)	10,000,000	10,000,000
Common Stock, Shares, Issued (in shares)	0	0
Common Stock [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized (in shares)	30,000,000	30,000,000
Common Stock, Shares, Issued (in shares)	22,175,664	21,864,743
Common Stock, Shares, Outstanding, Ending Balance (in shares)	22,175,645	21,864,724

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net (loss) income	$ (2,494)	$ 2,923
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	3,088	2,646
Forgiveness of PPP Loan and related interest	0	(3,599)
Deferred income taxes	329	1,015
Non-cash compensation	683	491
Deferred loan costs amortized	6	7
Net loss on disposal or abandonment of assets	0	11
Provision for excess and obsolete inventory	65	162
Non-cash lease expense	890	963
Other noncash items	(148)	150
Contributions to pension plans	(60)	(297)
Changes in operating assets and liabilities:
Accounts receivable	345	(1,265)
Inventory	(11,804)	(13,978)
Prepaid expenses and other assets	(3,072)	(1,314)
Accounts payable	5,556	5,268
Accrued and other liabilities	20,409	11,055
Net cash provided by operating activities	13,793	4,238
Cash flows from investing activities:
Capital expenditures	(3,041)	(2,824)
Proceeds from sale of assets	10	10
Net cash used in investing activities	(3,031)	(2,814)
Cash flows from financing activities:
Principal payments on finance lease obligations	(982)	(499)
Principal payments on equipment financing obligations	(352)	(176)
Indirect repurchase of shares for minimum statutory tax withholdings	(49)	(607)
Net cash used in financing activities	(1,383)	(1,282)
Effect of exchange rate changes on cash balances	649	(128)
Net increase in cash and cash equivalents	10,028	14
Cash and cash equivalents at beginning of year	11,620	11,606
Cash and cash equivalents at end of year	21,648	11,620
Supplemental disclosure of cash flow information:
Fixed assets obtained in exchange for finance lease and equipment financing obligations	$ 452	$ 4,012

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock Outstanding [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Dec. 31, 2020	21,300,958
Balance at Dec. 31, 2020	$ 213	$ 155,025	$ (115,765)	$ (24,698)	$ 0
Net (loss) income	0	0	2,923	0	0	$ 2,923
Employee benefit related, net of tax	0	0	0	2,297	0	$ (2,297)
Foreign currency translation adjustment, net of tax	$ 0	0	0	(593)	0
Restricted common stock grant (in shares)	197,500
Restricted common stock grant	$ 2	(2)	0	0	0
Noncash compensation (in shares)	52,500
Noncash compensation	$ 0	491	0	0	0
Exercise of stock options (in shares)	313,766					687,500
Exercise of stock options	$ 3	(610)	0	0	0
Balance (in shares) at Dec. 31, 2021	21,864,724
Balance at Dec. 31, 2021	$ 218	154,904	(112,842)	(22,994)	0	$ 19,286
Net (loss) income	0	0	(2,494)	0	0	(2,494)
Employee benefit related, net of tax	0	0	0	1,167	0	$ (1,167)
Foreign currency translation adjustment, net of tax	$ 0	0	0	982	0
Restricted common stock grant (in shares)	197,500
Restricted common stock grant	$ 2	(2)	0	0	0
Noncash compensation (in shares)	60,000
Noncash compensation	$ 0	683	0	0	0
Exercise of stock options (in shares)	53,421					138,900
Exercise of stock options	$ 1	(50)	0	0	0
Balance (in shares) at Dec. 31, 2022	22,175,645
Balance at Dec. 31, 2022	$ 221	$ 155,535	$ (115,336)	$ (20,845)	$ 0	$ 19,575

Note 1 - Organization and Signi

Note 1 - Organization and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	(1) Organization and Significant Accounting Policies Consolidation Policy The accompanying consolidated financial statements include the accounts of Sypris Solutions, Inc. and its wholly-owned subsidiaries (collectively, “Sypris” or the “Company”) and have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission. The Company’s operations are domiciled in the United States (U.S.) and Mexico and serve a wide variety of domestic and international customers. All intercompany accounts and transactions have been eliminated. Nature of Business Sypris is a diversified provider of truck components, oil and gas pipeline components and aerospace and defense electronics. The Company produces a wide range of manufactured products, often under multi-year, sole-source contracts with corporations and government agencies. The Company offers such products through its two Use of Estimates The preparation of the consolidated financial statements and accompanying notes in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported. Changes in facts and circumstances could have a significant impact on the resulting estimated amounts included in our consolidated financial statements. Actual results could differ from these estimates. Fair Value Estimates The Company estimates fair value of its financial instruments utilizing an established three-level hierarchy. The hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date as follows: Level 1 – Valuation is based upon unadjusted quoted prices for identical assets or liabilities in active markets. Level 2 – Valuation is based upon quoted prices for similar assets and liabilities in active markets, or other inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 – Valuation is based upon other unobservable inputs that are significant to the fair value measurements. Cash Equivalents Cash equivalents include all highly liquid investments with a maturity of three months or less when purchased. Inventory Inventory is stated at the lower of cost or estimated net realizable value. Costs for raw materials, work in process and finished goods is determined under the first-in, first-out method. Indirect inventories, which include perishable tooling, repair parts and other materials consumed in the manufacturing process but not incorporated into finished products are classified as raw materials. The Company’s reserve for excess and obsolete inventory is primarily based upon forecasted demand for its product sales, and any change to the reserve arising from forecast revisions is reflected in cost of sales in the period the revision is made. Property, Plant and Equipment Property, plant and equipment is stated at cost. Depreciation of property, plant and equipment is generally computed using the straight-line method over their estimated economic lives. For land improvements, buildings and building improvements, the estimated economic life is generally 40 years. Estimated economic lives range from three fifteen Cloud Computing Arrangements The Company capitalizes implementation costs incurred in cloud computing (i.e., hosting arrangements) during the application development phase and depreciates the costs over the non-cancellable term of the cloud computing arrangements plus any option renewal periods that are reasonably certain to be exercised or for which the exercise is controlled by the service provider. The Company classifies the amortization of capitalized implementation costs in the same line item in the statement of operations as the fees associated with the hosting service (i.e., operating and SG&A expense) and classifies the related payments in the statement of cash flows in the same manner as payments made for fees associated with the hosting service (i.e. cash flows from operating activities). In addition, the capitalization of implementation costs is reflected in the balance sheet consistent with the location of prepayment of fees for the hosting element (i.e., within prepaid expenses and other current assets). As of December 31, 2022 and 2021, the Company had $204,000 and $89,000 recorded in prepaid expenses and other current assets in the consolidated balance sheets. Amortization expense for the years ended December 31, 2022 and 2021 was not material. Long-lived Assets The Company reviews the carrying value of amortizable long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held for sale and held for use is measured by a comparison of the carrying amount of the asset to the undiscounted future net cash flows expected to be generated by the asset. If facts and circumstances indicate that the carrying value of an asset or groups of assets, as applicable, is impaired, the long-lived asset or groups of long-lived assets are written down to their estimated fair value. Leases Our lease portfolio represents leases of real estate, including manufacturing, assembly and office facilities, while the remainder represents leases of personal property, including manufacturing and information technology equipment. We have lease agreements with lease and non-lease components, which are accounted for as a single lease component. Leases with an initial term of 12 months or less are not recorded on the balance sheet, and we recognize lease expense for these leases on a straight-line basis over the lease term. Generally, we use our incremental borrowing rate in determining the present value of lease payments, unless the implicit rate is readily available. Stock-based Compensation The Company accounts for stock-based compensation in accordance with the fair value recognition provisions using the Black-Scholes option-pricing method, which requires the input of several subjective assumptions. These assumptions include estimating the length of time employees will retain their vested stock options before exercising them (expected term) and the estimated volatility of our common stock price over the expected term. Changes in the subjective assumptions can materially affect the fair value estimate of stock-based compensation and consequently, the related expense is recognized in the consolidated statements of operations. Income Taxes The Company uses the liability method in accounting for income taxes. Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, using the statutory tax rates in effect for the year in which the differences are expected to reverse. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized. In the ordinary course of business there is inherent uncertainty in quantifying the Company’s income tax positions. The Company assesses its income tax positions and records tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting dates. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than-not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Where applicable, associated interest has also been recognized. The Company recognizes liabilities or assets for the deferred tax consequences of temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements in accordance with ASC 740, Income Taxes Net Revenue and Cost of Sales The Company recognizes revenue when it satisfies a performance obligation by transferring control of a promised product or rendering a service to a customer. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for the product or service (the “transaction price”). The Company’s transaction price in its contracts with customers is generally fixed; no payment discounts, rebates or refunds are included within its contracts. The Company does not provide service-type warranties nor does it allow customer returns. In connection with the sale of various parts to customers, the Company is subject to typical assurance warranty obligations covering the compliance of the electronics parts produced to agreed-upon specifications. Customer returns, when they occur, relate to quality rework issues and are not connected to any repurchase obligation of the Company. A performance obligation is a promise in a contract to transfer a distinct product or render a service to a customer and is the unit of account to which the transaction price is allocated under ASC 606, Revenue from Contracts with Customers For contracts where Sypris Electronics serves as a contractor for aerospace and defense companies under federally funded programs, we generally recognize revenue over time as we perform due to the continuous transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contracts that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Because control is transferred over time, revenue and gross profit is recognized based on the extent of progress towards completion of the performance obligation. We use labor hours incurred as a measure of progress for these contracts because it best depicts the Company’s performance of the obligation to the customer, which occurs as we incur labor on our contracts. Under this measure of progress, the extent of progress towards completion is measured based on the ratio of labor hours incurred to date to the total estimated labor hours at completion of the performance obligation. Allowance for Doubtful Accounts An allowance for uncollectible trade receivables is recorded when accounts are deemed uncollectible based on consideration of write-off history, aging analysis, and any specific, known troubled accounts. Product Warranty Costs The provision for estimated warranty costs is recorded at the time of sale and is periodically adjusted to reflect actual experience. The Company’s warranty liability, which is included in accrued liabilities in the accompanying balance sheets, as of December 31, 2022 and 2021, was $690,000 and $659,000, respectively. The Company’s warranty expense for the years ended December 31, 2022 and 2021 was $251,000 and $252,000, respectively. Concentrations of Credit Risk Financial instruments which potentially expose the Company to concentrations of credit risk consist of accounts receivable. The Company’s customer base consists of a number of customers in diverse industries across geographic areas, primarily in North America and Mexico, and aerospace and defense companies under contract with the U.S. Government. The Company performs periodic credit evaluations of its customers’ financial condition and does not require collateral on its commercial accounts receivable. Credit losses are provided for in the consolidated financial statements and consistently have been within management’s expectations. Approximately 31% of accounts receivable outstanding at December 31, 2022 is due from two three The Company’s largest customers for the year ended December 31, 2022 were Sistemas, Detroit Diesel and Northrop Grumman, which represented approximately 22%, 18% and 14%, respectively, of the Company’s total net revenue. Detroit Diesel and Sistemas are both customers within the Sypris Technologies segment and Northrop Grumman is a customer within the Sypris Electronics segment. Sistemas, Detroit Diesel and Northrop Grumman were the Company’s largest customers for the year ended December 31, 2021, which represented approximately 21%, 18% and 16%, respectively, of the Company’s total net revenue. No other single customer accounted for more than 10% of the Company’s total net revenue for the years ended December 31, 2022 or 2021. Foreign Currency Translation The functional currency for the Company’s Mexican subsidiary is the Mexican peso. Assets and liabilities are translated at the period end exchange rate, and income and expense items are translated at the weighted average exchange rate. The resulting translation adjustments are recorded in comprehensive loss as a separate component of stockholders’ equity. Remeasurement gains or losses for U.S. dollar denominated accounts of the Company’s Mexican subsidiary are included in other income, net. Collective Bargaining Agreements Approximately 415, or 58% of the Company’s employees, all within Sypris Technologies, were covered by collective bargaining agreements as of December 31, 2022. Excluding certain Mexico employees covered under an annually ratified agreement, there are no employees covered by collective bargaining agreements that expire within the next 12 months. Certain Mexico employees are covered by an annually ratified collective bargaining agreement. These employees represented approximately 55% of the Company’s workforce, or 394 employees as of December 31, 2022. Recently Issued Accounting Standards In June 2016, the FASB issued ASU 2016-13, Credit Losses – Measurement of Credit Losses on Financial Instruments, new guidance for the accounting for credit losses on certain financial instruments. This guidance introduces a new approach to estimating credit losses on certain types of financial instruments and modifies the impairment model for available-for-sale debt securities. Modified retrospective adoption is required with any cumulative-effect adjustment recorded to retained earnings as of the beginning of the period of adoption. ASU 2016-13 is effective for smaller reporting entities for fiscal years beginning after December 15, 2022, including interim periods within the year of adoption. This guidance, which the Company will adopt effective January 1, 2023, will not have a material impact on our consolidated financial statements.

Note 2 - Leases

Note 2 - Leases	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Lessee, Operating and Finance Leases [Text Block]	(2) Leases The Company determines if an arrangement is a lease at its inception. The Company has entered into operating leases for real estate. These leases have initial terms which range from 10 years to 11 years, and often include one or more options to renew. These renewal terms can extend the lease term by 5 years and will be included in the lease term when it is reasonably certain that the Company will exercise the option. The Company’s existing leases do not contain significant restrictive provisions; however, certain leases contain provisions for payment of real estate taxes, insurance and maintenance costs by the Company. The lease agreements do not contain any residual value guarantees. Some of the real estate lease agreements include periods of rent holidays and payments that escalate over the lease term by specified amounts. All operating lease expenses are recognized on a straight-line basis over the lease term. For finance leases, interest expense is recognized on the lease liability and the right-of-use asset is amortized over the lease term. Some leases may require variable lease payments based on factors specific to the individual agreements. Variable lease payments for which we are typically responsible include real estate taxes, insurance and common area maintenance expenses based on the Company’s pro-rata share, which are excluded from the measurement of the lease liability. Additionally, one of the Company’s real estate leases has lease payments that adjust based on annual changes in the Consumer Price Index (“CPI”). The leases that are dependent upon CPI are initially measured using the index or rate at the commencement date and are included in the measurement of the lease liability. Incremental payments due to changes in the index are treated as variable lease costs and expensed as incurred. These operating leases are included in “Operating lease right-of-use assets” on the Company’s consolidated balance sheets and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligations to make lease payments are included in “Operating lease liabilities, current portion” and “Operating lease liabilities, net of current portion” on the Company’s consolidated balance sheets. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As of December 31, 2022, total right-of-use assets and operating lease liabilities were approximately $4,251,000 and $4,878,000, respectively. As of December 31, 2021, total right-of-use assets and operating lease liabilities were approximately $5,140,000 and $5,941,000, respectively. We primarily use our incremental borrowing rate, which is updated quarterly, based on the information available at commencement date, in determining the present value of lease payments. If readily available, we would use the implicit rate in a new lease to determine the present value of lease payments. The Company has certain contracts for real estate which may contain lease and non-lease components which it has elected to treat as a single lease component. The Company has entered into various short-term operating leases, primarily for office equipment with an initial term of twelve months or less. Lease payments associated with short-term leases are expensed as incurred and are not recorded on the Company’s balance sheet. The related lease expense for short-term leases was not material for the year ended December 31, 2022 and 2021. The following table presents information related to lease expense for the year ended December 31, 2022 and 2021 (in thousands): December 31, 2022 2021 Finance lease expense Amortization expense $ 677 $ 422 Interest expense 338 230 Operating lease expense 1,402 1,406 Variable lease expense 337 315 Total lease expense $ 2,754 $ 2,373 The following table presents supplemental cash flow information related to leases (in thousands): December 31, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,713 $ 1,532 Operating cash flows from finance leases 338 230 Financing cash flows from finance leases 982 499 The annual future minimum lease payments as of December 31, 2022 are as follows (in thousands): Operating Finance Leases Leases Next 12 months $ 1,509 $ 1,369 12 to 24 months 1,317 1,293 24 to 36 months 1,231 1,259 36 to 48 months 859 256 48 to 60 months 842 0 Thereafter 0 0 Total lease payments 5,758 4,177 Less imputed interest (880 ) (539 ) Total $ 4,878 $ 3,638 The following table presents certain information related to lease terms and discount rates for leases as of December 31, 2022 and 2021: December 31, 2022 2021 Weighted-average remaining lease term (years): Operating leases 4.4 5.3 Finance leases 3.0 4.0 Weighted-average discount rate (percentage): Operating leases 8.0 8.0 Finance leases 8.5 8.5

Note 3 - Revenue From Contracts

Note 3 - Revenue From Contracts With Customers	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	(3) Revenue from Contracts with Customers The Company recognizes revenue when it satisfies a performance obligation by transferring control of a promised product or rendering a service to a customer. The amount of revenue recognized reflects the consideration the Company expects to be entitled to in exchange for the product or service (the “transaction price”). The Company’s transaction price in its contracts with customers is generally fixed; no payment discounts, rebates or refunds are included within its contracts. The Company also does not provide service-type warranties, nor does it allow customer returns. In connection with the sale of various parts to customers, the Company is subject to typical assurance warranty obligations covering the compliance of the electronics parts produced to agreed-upon specifications. Customer returns, when they occur, relate to quality rework issues and are not connected to any repurchase obligation of the Company. A performance obligation is a promise in a contract to transfer a distinct product or render a service to a customer and is the unit of account to which the transaction price is allocated under ASC 606. When a contract contains multiple performance obligations, we allocate the transaction price to the individual performance obligations using the price at which the promised goods or services would be sold to customers on a standalone basis. For most sales within our Sypris Technologies segment and a portion of sales within Sypris Electronics, control transfers to the customer at a point in time. Indicators that control has transferred to the customer include the Company having a present right to payment, the customer obtaining legal title and the customer having the significant risks and rewards of ownership. The Company’s principal terms of sale are FOB Shipping Point, or equivalent, and, as such, the Company primarily transfers control and records revenue for product sales upon shipment. For contracts where Sypris Electronics serves as a contractor for aerospace and defense companies under federally funded programs, we generally recognize revenue over time as we perform because of continuous transfer of control to the customer. This continuous transfer of control to the customer is supported by clauses in the contracts that allow the customer to unilaterally terminate the contract for convenience, pay us for costs incurred plus a reasonable profit and take control of any work in process. Because control is transferred over time, revenue and gross profit is recognized based on the extent of progress towards completion of the performance obligation. We use labor hours incurred as a measure of progress for these contracts because it best depicts the Company’s performance of the obligation to the customer, which occurs as we incur labor on our contracts. Under this measure of progress, the extent of progress towards completion is measured based on the ratio of labor hours incurred to date to the total estimated labor hours at completion of the performance obligation. Many of Sypris Electronics’ contractual arrangements with customers are for one Disaggregation of Revenue The following table summarizes revenue from contracts with customers for the years ended December 31, 2022 and 2021: December 31, 2022 2021 Sypris Technologies – transferred point in time $ 69,259 $ 61,737 Sypris Electronics – transferred point in time 10,400 7,232 Sypris Electronics – transferred over time 30,462 28,465 Net revenue $ 110,121 $ 97,434 Differences in the timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables (contract assets) and deferred revenue, customer deposits and billings in excess of revenue recognized (contract liabilities) on the consolidated balance sheets. Contract assets Contract liabilities The Company recognized revenue from contract liabilities of $14,165,000 and $6,400,000 during the years ended December 31, 2022 and 2021, respectively. Practical expedients and exemptions Sales commissions are expensed when incurred because the amortization period would have been one year or less. These costs are recorded in selling, general and administrative expense in the consolidated statements of operations. We do not disclose the value of unsatisfied performance obligations for contracts with original expected lengths of one year or less.

Note 4 - Other Expense, Net

Note 4 - Other Expense, Net	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	(4) Other Expense, Net The Company recognized other expense of $800,000 during the year ended December 31, 2022, which included pension expense of $562,000. Foreign currency related expenses were not material for the year ended December 31, 2022. The Company recognized other expense of $645,000 during the year ended December 31, 2021, which included pension expense of $614,000. Foreign currency related expenses were not material for the year ended December 31, 2021.

Note 5 - Accounts Receivable

Note 5 - Accounts Receivable	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	(5) Accounts Receivable Accounts receivable consists of the following (in thousands): December 31, 2022 2021 Commercial $ 8,139 $ 8,529 Allowance for doubtful accounts (75 ) (62 ) Accounts receivable, net $ 8,064 $ 8,467

Note 6 - Inventory

Note 6 - Inventory	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Inventory Disclosure [Text Block]	(6) Inventory Inventory consists of the following (in thousands): December 31, 2022 2021 Raw materials $ 36,612 $ 23,694 Work in process 6,585 6,702 Finished goods 802 1,497 Reserve for excess and obsolete inventory (1,866 ) (1,793 ) Inventory, net $ 42,133 $ 30,100

Note 7 - Other Current Assets

Note 7 - Other Current Assets	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Other Current Assets [Text Block]	(7) Other Current Assets Other current assets consist of the following (in thousands): December 31, 2022 2021 Prepaid expenses $ 1,810 $ 1,343 Contract assets 2,393 1,913 Other 3,930 2,612 Other current assets $ 8,133 $ 5,868 Included in other current assets are income and VAT taxes refundable, tools, spare parts and other items, none of which exceed 5% of total current assets.

Note 8 - Property, Plant and Eq

Note 8 - Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	(8) Property, Plant and Equipment Property, plant and equipment consists of the following (in thousands): December 31, 2022 2021 Land and land improvements $ 43 $ 43 Buildings and building improvements 8,044 7,863 Machinery, equipment, furniture and fixtures 66,037 61,050 Construction in progress 2,048 858 76,172 69,814 Accumulated depreciation (60,640 ) (55,674 ) Property plant and equipment, net $ 15,532 $ 14,140 Depreciation expense, including amortization of assets recorded under finance leases, totaled approximately $3,088,000 and $2,646,000 for the years ended December 31, 2022 and 2021, respectively. Capital expenditures included in accounts payable or accrued liabilities were not material as of December 31, 2022 and 2021, respectively. Included within property, plant and equipment were assets under finance leases as follows (in thousands): December 31, 2022 2021 Buildings and building improvements $ 3,045 $ 2,864 Machinery, equipment, furniture and fixtures 3,432 3,048 6,477 5,912 Accumulated depreciation (2,712 ) (1,896 ) Net $ 3,765 $ 4,016

Note 9 - Other Assets

Note 9 - Other Assets	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Other Assets Disclosure [Text Block]	(9) Other Assets Other assets consist of the following (in thousands): December 31, 2022 2021 Long term spare parts $ 497 $ 455 Long term deposits 280 280 Pension asset 645 595 Deferred tax asset, net 2,367 2,548 Other 594 292 Other assets $ 4,383 $ 4,170

Note 10 - Accrued Liabilities

Note 10 - Accrued Liabilities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Accrued Liabilities [Text Block]	(10) Accrued Liabilities Accrued liabilities consist of the following (in thousands): December 31, 2022 2021 Salaries, wages, employment taxes and withholdings $ 1,644 $ 1,548 Employee benefit plans 891 861 Accrued professional fees 734 697 Income, property and other taxes 201 176 Contract liabilities – short term 27,909 15,013 Deferred gain from sale-leaseback 305 286 Other 1,632 1,065 Accrued liabilities $ 33,316 $ 19,646 Included in other accrued liabilities are accrued operating expenses, accrued warranty expenses, accrued interest, and other items, none of which exceed 5% of total current liabilities.

Note 11 - Other Liabilities

Note 11 - Other Liabilities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Other Liabilities Disclosure [Text Block]	(11) Other Liabilities Other liabilities consist of the following (in thousands): December 31, 2022 2021 Noncurrent pension liability $ 4,332 $ 4,647 Deferred gain from sale leaseback 660 907 Contract liabilities – long term 12,482 4,875 Other 0 101 Other liabilities $ 17,474 $ 10,530

Note 12 - Debt

Note 12 - Debt	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Long-Term Debt [Text Block]	(12) Debt Long-term obligations consists of the following (in thousands): December 31, 2022 2021 Current: Finance lease obligation, current portion $ 1,102 $ 983 Equipment financing obligations, current portion 398 336 Note payable – related party, current portion 2,500 0 Current portion of long-term debt and finance lease obligations $ 4,000 $ 1,319 Long Term: Finance lease obligations $ 2,536 $ 3,469 Equipment financing obligations 738 868 Note payable – related party 4,000 6,500 Less unamortized debt issuance and modification costs (11 ) (16 ) Long term debt and finance lease obligations, net of unamortized debt costs $ 7,263 $ 10,821 The weighted average interest rate for outstanding borrowings at December 31, 2022 and 2021 was 8.5% and 6.5%, respectively. The Company had no capitalized interest in 2022 or 2021. Interest paid during the years ended December 31, 2022 and 2021 totaled approximately $526,000 and $699,000, respectively. Paycheck Protection Program During 2020, the Company secured a $3,558,000 term loan (the “PPP Loan”) with BMO Harris Bank National Association (“BMO”). Proceeds from the PPP Loan were used to retain workers and maintain payroll and make lease and utility payments. The PPP Loan is evidenced by a promissory note in favor of BMO, as lender, with a principal amount of $3,558,000 that bears interest at a fixed annual rate of 1.00%. On June 28, 2021, the Company received notice from BMO that BMO had received confirmation from the U.S. Small Business Administration (the “SBA”) that the application for forgiveness of the PPP Loan had been approved. The loan forgiveness request in the amount of $3,558,000 was applied to the Company’s entire outstanding PPP Loan balance with BMO. During the year ended December 31, 2021, the Company recorded a gain on the forgiveness of the PPP Loan and accrued interest in the amount of $3,599,000. Note Payable – Related Party The Company has received the benefit of cash infusions from Gill Family Capital Management, Inc. (“GFCM”) in the form of secured promissory note obligations totaling $6,500,000 in principal as of December 31, 2022 and 2021 (the “Note”). GFCM is an entity controlled by the Company’s Chairman, President and Chief Executive Officer, Jeffrey T. Gill, and one of our directors, R. Scott Gill. GFCM, Jeffrey T. Gill and R. Scott Gill are significant beneficial stockholders of the Company. As of December 31, 2022, our principal commitment under the Note was $2,500,000 due on April 1, 2023, $2,000,000 on April 1, 2024 and the balance on April 1, 2026. Interest on the Note is reset on April 1 of each year, at the greater of 8.0% or 500 basis points above the five-year Treasury note average during the preceding 90-day period, in each case, payable quarterly. The Note allows for up to an 18-month deferral of payment for up to 60% of the interest due on the portion of the Note maturing in April of 2023 and 2024. Obligations under the promissory note are guaranteed by all of the subsidiaries and are secured by a first priority lien on substantially all assets of the Company, including those in Mexico. Finance Lease Obligations As of December 31, 2022, the Company had $3,638,000 outstanding under finance lease obligations for both property and machinery and equipment with maturities through 2026 and a weighted average interest rate of 8.5%. Equipment Financing Obligations As of December, 2022, the Company had $1.1 million outstanding under equipment financing facilities, with effective interest rates ranging from 4.4% to 8.1% and payments due through 2028. Payments on the Company’s equipment financing obligations are due as follows (in thousands): Next 12 months $ 468 12 to 24 months 399 24 to 36 months 223 36 to 48 months 127 48 to 60 months 31 Thereafter 5 Total payments 1,253 Less imputed interest (117 ) Total equipment financing obligations $ 1,136

Note 13 - Fair Value of Financi

Note 13 - Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]	(13) Fair Value of Financial Instruments Cash, accounts receivable, accounts payable and accrued liabilities are reflected in the consolidated financial statements at their carrying amount which approximates fair value because of the short-term maturity of those instruments. The carrying amount of debt outstanding at December 31, 2022 approximates fair value, and is based upon a market approach (Level 2).

Note 14 - Employee Benefit Plan

Note 14 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Retirement Benefits [Text Block]	(14) Employee Benefit Plans Sypris Technologies sponsors noncontributory defined benefit pension plans (the “Pension Plans”) covering certain of its employees. The Pension Plans covering salaried and management employees provide pension benefits that are based on the employees’ highest five-year average compensation within ten The following table details the components of pension (income) expense (in thousands): Year ended December 31, 2022 2021 Service cost $ 5 $ 4 Interest cost on projected benefit obligation 839 774 Net amortization of actuarial loss 560 613 Expected return on plan assets (837 ) (773 ) Net periodic benefit cost $ 567 $ 618 The net periodic cost of the defined benefit pension plans incurred during the years ended December 31, 2022 and 2021 are reflected in the following captions in the accompanying consolidated statements of operations (in thousands): Year ended December 31, 2022 2021 Service cost: Selling, general and administrative expenses $ 5 $ 4 Other net periodic benefit costs: Other expense, net 562 614 Total $ 567 $ 618 The following are summaries of the changes in the benefit obligations and plan assets and of the funded status of the Pension Plans (in thousands): December 31, 2022 2021 Change in benefit obligation Benefit obligation at beginning of year $ 32,756 $ 36,859 Service cost 5 4 Interest cost 839 774 Actuarial loss (6,303 ) (2,245 ) Benefits paid (2,506 ) (2,636 ) Benefit obligation at end of year $ 24,791 $ 32,756 Change in plan assets: Fair value of plan assets at beginning of year $ 30,051 $ 32,353 Actual return on plan assets (4,768 ) 37 Company contributions 66 297 Benefits paid (2,506 ) (2,636 ) Fair value of plan assets at end of year $ 22,843 $ 30,051 Underfunded status of the plans $ (1,948 ) (2,705 ) Balance sheet assets (liabilities): Other assets $ 645 $ 595 Accrued liabilities (16 ) (126 ) Other liabilities (2,577 ) (3,174 ) Net amount recognized $ (1,948 ) $ (2,705 ) Pension plans with accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 17,260 $ 22,846 Accumulated benefit obligation 17,260 22,846 Fair value of plan assets 14,665 19,545 Projected benefit obligation and net periodic pension cost assumptions: Discount rate – projected benefit obligation 5.40 % 2.70 % Discount rate – net periodic pension cost 2.70 2.25 Rate of compensation increase N/A N/A Expected long-term rate of return on plan assets 2.35 – 3.40 1.80 – 2.95 December 31, 2022 2021 Weighted average asset allocation: Equity securities 16 % 16 % Debt securities 83 81 Other 1 3 Total 100 % 100 % The fair values of our pension plan assets as of December 31, 2022 are as follows (in thousands): Quoted Prices (Level 1) Significant (Level 2) Asset categories Cash and cash equivalents $ 2,365 $ 0 Equity securities: 0 U.S. Large Cap 1,671 0 U.S. Mid Cap 566 0 U.S. Small Cap 209 0 World Equity 1,194 0 Real Estate 210 0 Other 106 0 Fixed income securities 5,018 11,504 Total Plan Assets $ 11,339 $ 11,504 The fair values of our pension plan assets as of December 31, 2021 are as follows (in thousands): Quoted Prices Significant (Level 2) Asset categories Cash and cash equivalents $ 2,371 $ 0 Equity securities: 0 U.S. Large Cap 2,008 0 U.S. Mid Cap 863 0 U.S. Small Cap 169 0 World Equity 1,733 0 Real Estate 405 0 Other 547 0 Fixed income securities 6,814 15,141 Total Plan Assets $ 14,910 $ 15,141 Investments in our defined benefit plans are stated at fair value. The following valuation methods were used to value our pension assets: Equity securities The fair value of equity securities is determined by either direct or indirect quoted market prices. When the value of assets held in separate accounts is not published, the value is based on the underlying holdings, which are primarily direct quoted market prices on regulated financial exchanges. Fixed income securities The fair value of fixed income securities is determined by either direct or indirect quoted market prices. When the value of assets held in separate accounts is not published, the value is based on the underlying holdings, which are primarily direct quoted market prices on regulated financial exchanges. Cash and cash equivalents The fair value of cash and cash equivalents is set equal to its cost. The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes the valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The Company uses December 31 as the measurement date for the Pension Plans. Total estimated contributions expected to be paid to the plans during 2023 is $16,000, which represents the minimum funding amounts required by federal law. The expected long-term rates of return on plan assets for determining net periodic pension cost for 2022 and 2021 were chosen by the Company from a best estimate range determined by applying anticipated long-term returns and long-term volatility for various assets categories to the target asset allocation of the plan. The target asset allocation of plan assets is equity securities ranging 0-55%, fixed income securities ranging 35-100% and non-traditional/other of 0-10% of total investments. When establishing the expected long-term rate of return on our U.S. pension plan assets, the Company considered historical performance and forward looking return estimates reflective of our portfolio mix and investment strategy. Based on the most recent analysis of projected portfolio returns, the Company concluded that the use of 2.35% for the Louisville Hourly Plan, 3.40% for the Marion Plan and 2.65% for the Louisville Salaried Plan as the expected return on our U.S. pension plan assets for 2022 was appropriate. Actuarial gains and losses, which are primarily the result of changes in the discount rate and other assumptions and differences between actual and expected asset returns, are deferred in Accumulated other comprehensive loss and amortized to expense following the corridor approach. We use the average remaining service period of active participants unless almost all of the plan’s participants are inactive, in which case we use the average remaining life expectancy for all active and inactive participants. Accumulated other comprehensive loss at December 31, 2022 includes $9,951,000 of unrecognized actuarial losses that have not yet been recognized in net periodic pension cost. The actual loss reclassified from accumulated other comprehensive loss for 2022 and 2021 was $560,000 and $613,000, respectively. At December 31, 2022, the benefits expected to be paid in each of the next five fiscal years, and in aggregate for the five fiscal years thereafter are as follows (in thousands): 2023 $ 2,513 2024 2,456 2025 2,388 2026 2,300 2027 2,223 2028-2032 9,885 Total $ 21,765 The Company sponsors a defined contribution plan (the “Defined Contribution Plan”) for substantially all domestic employees of the Company. The Defined Contribution Plan is intended to meet the requirements of Section 401(k) of the Internal Revenue Code. The Defined Contribution Plan allows the Company to match participant contributions up to 3% and provide discretionary contributions. In connection with the matching contributions, the Company recognized compensation expense of approximately $404,000 and $361,000 in 2022 and 2021, respectively. In addition, certain of the Company’s non-U.S. employees are covered by various defined benefit and defined contribution plans. The Company’s expenses for these plans totaled approximately $253,000 and $232,000 in 2022 and 2021, respectively. The aggregate benefit plan obligations of these plans, which are unfunded, were $1,755,000 and $1,473,000 as of December 31, 2022 and 2021 were included within other liabilities in the accompanying consolidated balance sheets.

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	(15) Commitments and Contingencies In order to reduce manufacturing lead times, the Company enters into agreements with certain suppliers to purchase inventory based on the Company’s requirements. A significant portion of the Company’s purchase commitments arising from these agreements consists of firm and non-cancelable commitments. These purchase commitments totaled $66,803,000 as of December 31, 2022, of which $47,353,000 is for purchases to be made in 2023 and $19,450,000 is for purchases to be made in 2024. The Company also had outstanding purchase commitments of $2,047,000 as of December 31, 2022 for the purchase of manufacturing equipment. The Company bears insurance risk as a member of a group captive insurance entity for certain general liability, automobile and workers’ compensation insurance programs, a self-insured worker’s compensation program and a self-insured employee health program. The Company records estimated liabilities for its insurance programs based on information provided by the third-party plan administrators, historical claims experience, expected costs of claims incurred but not paid, and expected costs to settle unpaid claims. The Company monitors its estimated insurance-related liabilities on a quarterly basis. As facts change, it may become necessary to make adjustments that could be material to the Company’s consolidated results of operations and financial condition. The Company is involved in certain litigation and contract issues arising in the normal course of business. While the outcome of these matters cannot, at this time, be predicted in light of the uncertainties inherent therein, management does not expect that these matters will have a material adverse effect on the consolidated financial position or results of operations of the Company. Additionally, the Company believes its product liability insurance is adequate to cover all potential liability claims. The Company accounts for loss contingencies in accordance with U.S. GAAP. Estimated loss contingencies are accrued only if the loss is probable and the amount of the loss can be reasonably estimated. With respect to a particular loss contingency, it may be probable that a loss has occurred but the estimate of the loss is within a wide range or undeterminable. If the Company deems an amount within the range to be a better estimate than any other amount within the range, that amount will be accrued. However, if no amount within the range is a better estimate than any other amount, the minimum amount of the range is accrued. The Company has various current and previously owned facilities subject to a variety of environmental regulations. The Company has received certain indemnifications from either companies previously owning these facilities or from purchasers of those facilities. Additionally, certain property previously sold by the Company has been designated as a Brownfield Site and is under development by the purchaser. As of December 31, 2022 and 2021, no amounts were accrued for any environmental matters. See “Legal Proceedings” in Part I, Item 3 of this Annual Report on Form 10-K. On December 27, 2017, the U.S. Department of Labor (the “DOL”) filed a lawsuit alleging that the Company had misinterpreted the language of its Company’s 401(k) Plans (collectively, the “Plan”). The DOL does not appear to dispute that the Company reached such interpretation in good faith and after the Company consulted with independent ERISA counsel. On January 26, 2022, an opinion was issued by the judge indicating that certain of the Plan language in dispute is unambiguous and would therefore limit the Company’s right to interpret such language. Following the denial of motions for summary judgement from the Company and the DOL on April 28, 2022, a hearing took place on September 13, 2022 to review issues raised in the Company’s motion to amend its answer and its proposed counter claim and general next steps for the litigation proceedings, including settlement considerations. Following the hearing the judge issued an order denying the Company’s motion to amend its answer and proposed counter claim and further requested that the parties prepare a joint status report by November 14, 2022 relating to the schedule for the litigation proceedings. While the Company believes that it has affirmative defenses and is continuing to vigorously defend the matter, the Company has engaged in settlement discussions with the DOL. The Company recorded a reserve of $575,000 during the year ended December 31, 2022, and the Company currently estimates the range of possible loss is $0 to $58,000 in excess of the amount reserved. If a settlement is not reached and the DOL’s allegations were subsequently upheld by a court, the Company could be required to make additional contributions into the accounts of its Plan participants and penalties payable to the DOL could be imposed. On February 17, 2017, several employees (“Lucas Plaintiffs”) of KapStone Charleston Kraft, LLC filed a lawsuit in South Carolina alleging that they had been seriously burned when they opened a hinged closure and a hot tar-like material spilled out. Among other claims, the Lucas Plaintiffs allege that Sypris Technologies designed and manufactured the closure, that the closure was defective and that those defects had caused or contributed to their injuries. Sypris Technologies’ motion to dismiss for lack of jurisdiction was denied on February 28, 2020. On November 21, 2022, the Company received a demand for settlement presented by the Lucas Plaintiffs, which was rejected. The Company regards these allegations to be without merit and any potential damages to be undeterminable. As a result, we are currently unable to estimate a loss or range of loss for this matter at this time. The Company’s general liability insurer has accepted the defense costs. The Company is continuing to vigorously defend the matter.

Note 16 - Stock Option and Purc

Note 16 - Stock Option and Purchase Plans	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	(16) Stock Option and Purchase Plans The Company’s stock compensation program provides for the grant of restricted stock (including performance-based restricted stock), unrestricted stock, stock options and stock appreciation rights. A total of 3,476,021 shares were registered for issuance under the 2015 Omnibus Plan. On May 12, 2020, the 2015 Omnibus Plan was replaced with the 2020 Omnibus Plan. A total of 4,596,271 shares were registered for issuance under the 2020 Omnibus Plan. Additionally, awards under the 2010 and 2015 Omnibus Plans that are cancelled without having been fully exercised or vested are available again for new awards under the 2020 Omnibus Plan. The aggregate number of shares available for future grant as of December 31, 2022 and 2021 was 2,895,771 and 3,429,771, respectively. The 2015 and 2020 Omnibus Plans provide for restrictions which lapse after three Under the plans, the Company may grant options to purchase common stock to officers, key employees and non-employee directors. Options may be granted at not less than the market price on the date of grant. Stock option grants under the 2015 and 2020 Omnibus Plans include a five three Compensation expense is measured based on the fair value at the date of grant and is recognized on a straight-line basis over the vesting period. Fair value for restricted shares is equal to the stock price on the date of grant, while the fair value of each stock option grant is estimated on the date of grant using the Black-Scholes option-pricing method. The Company uses historical Company and industry data to estimate the expected price volatility. Due to the lack of sufficient historical exercise data to provide a reasonable basis upon which to otherwise estimate the expected term of the stock options, the Company uses the simplified method to estimate the expected term. Under the simplified method, the expected term of an option is presumed to be the mid-point between the vesting date and the end of the contractual term. The dividend yield is assumed to be zero as we have not paid dividends nor do we anticipate paying any dividends in the foreseeable future. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the estimated life of the option. Forfeitures are recorded as they occur. Stock based compensation expense of $683,000 and $491,000 has been recorded in selling, general and administrative expense in the consolidated statements of operations for the years ended December 31, 2022 and 2021, respectively. The following weighted average assumptions were used to estimate the fair value of options granted using the Black-Scholes option-pricing model: Year ended December 31, 2022 2021 Expected life (years) 4.3 4.1 Expected volatility 86.5 % 83.0 % Risk-free interest rates 1.69 % 0.79 % Expected dividend yield 0 % 0 % A summary of the restricted stock activity is as follows: Number of Weighted Weighted Aggregate Nonvested shares at January 1, 2021 0 $ 0 Granted 197,500 3.16 Vested 0 0 Forfeited 0 0 Nonvested shares at December 31, 2021 197,500 3.16 Granted 197,500 2.59 Vested 0 0 Forfeited 0 0 Nonvested shares at December 31, 2022 395,000 $ 2.88 1.9 $ 809,000 There were no shares that vested during 2022 or 2021. The following table summarizes option activity for the year ended December 31, 2022: Number of Weighted Weighted Aggregate Outstanding at January 1, 2021 2,746,250 $ 1.10 Granted 38,000 3.24 Exercised (687,500 ) 1.21 Forfeited (107,000 ) 0.93 Expired (12,500 ) 0.96 Outstanding at December 31, 2021 1,977,250 1.11 Granted 260,000 2.60 Exercised (138,900 ) 1.11 Forfeited (51,000 ) 0.86 Expired (15,500 ) 1.15 Outstanding at December 31, 2022 2,031,850 $ 1.31 2.02 $ 1,690,000 Exercisable at December 31, 2022 907,250 $ 1.30 0.84 $ 676,000 The weighted average grant date fair value based on the Black-Scholes option pricing model for options granted in the years ended December 31, 2022 and 2021 was $1.67 and $1.97 per share, respectively. There were 138,900 options exercised in 2022 with an intrinsic value of $176,000. There were 687,500 options exercised in 2021 with an intrinsic value of $1,907,000. As of December 31, 2022, there was $1,141,000 of total unrecognized compensation cost related to unvested share-based compensation granted under the plans. That cost is expected to be recognized over a weighted-average period of 1.7 years. The total fair value of option shares vested during the years ended December 31, 2022 and 2021 was $285,000 and $515,000, respectively.

Note 17 - Stockholders' Equity

Note 17 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	(17) Stockholders Equity As of December 31, 2022 and 2021, 24,850 shares of the Company’s preferred stock were designated as Series A Preferred Stock in accordance with the terms of our stockholder rights plan, which expired in October 2011. There are no shares of Series A Preferred Stock currently outstanding, and there are no current plans to issue any such shares. The holders of our common stock were not entitled to any payment as a result of the expiration of the rights plan and the rights issued thereunder. The Company’s accumulated other comprehensive loss consists of employee benefit related adjustments and foreign currency translation adjustments. Accumulated other comprehensive loss consisted of the following (in thousands): December 31, 2022 2021 Foreign currency translation adjustments, net of tax $ (10,458 ) $ (11,440 ) Employee benefit related adjustments – U.S, net of tax (10,488 ) (11,745 ) Employee benefit related adjustments – Mexico, net of tax 101 191 Accumulated other comprehensive loss $ (20,845 ) $ (22,994 ) Changes in each component of accumulated other comprehensive loss consisted of the following: Foreign Defined Accum. Other Balance at January 1, 2021 $ (10,847 ) $ (13,851 ) $ (24,698 ) Currency translation adjustments, net of tax (593 ) 0 (593 ) Net actuarial loss for the year, net of tax 0 1,684 1,684 Amortization for the year, net of tax 0 613 613 Balance at December 31, 2021 $ (11,440 ) $ (11,554 ) $ (22,994 ) Currency translation adjustments, net of tax 982 0 982 Net actuarial loss for the year, net of tax 0 607 607 Amortization for the year, net of tax 0 560 560 Balance at December 31, 2022 $ (10,458 ) $ (10,387 ) $ (20,845 )

Note 18 - Income Taxes

Note 18 - Income Taxes	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	(18) Income Taxes The Company accounts for income taxes under the liability method. Accordingly, deferred income taxes have been provided for temporary differences between the recognition of revenue and expenses for financial and income tax reporting purposes and between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements. The components of (loss) income before taxes are as follows (in thousands): Year ended December 31, 2022 2021 Domestic $ (4,661 ) $ 408 Foreign 3,115 3,588 Total $ (1,546 ) $ 3,996 The components of income tax expense (benefit) are as follows (in thousands): Year ended December 31, 2022 2021 Current: Federal $ 0 $ 0 State 3 6 Foreign 616 52 Total current income tax expense 619 58 Deferred: Federal 0 0 State 0 0 Foreign 329 1,015 Total deferred income tax expense 329 1,015 Income tax expense, net $ 948 $ 1,073 The Company recognizes liabilities or assets for the deferred tax consequences of temporary differences between the tax bases of assets or liabilities and their reported amounts in the financial statements in accordance with Income Taxes, Topic 740 (ASC 740). These temporary differences will result in taxable or deductible amounts in future years when the reported amounts of assets or liabilities are recovered or settled. ASC 740 requires that a valuation allowance be established when it is more likely than not that all or a portion of a deferred tax asset will not be realized. The Company evaluates its deferred tax position on a quarterly basis and valuation allowances are provided as necessary. During this evaluation, the Company reviews its forecast of income in conjunction with other positive and negative evidence surrounding the realizability of its deferred tax assets to determine if a valuation allowance is needed. Based on its current forecast, the Company believes it will have sufficient future taxable income to realize the deferred tax assets recorded by its Mexican subsidiary. Based on the Company’s consideration of all positive and negative evidence, including the future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations, the Company has established a valuation allowance against all U.S. deferred tax assets. Until an appropriate level and characterization of profitability is attained, the Company expects to continue to maintain a valuation allowance on its net deferred tax assets related to future U.S. tax benefits. On December 22, 2017, the Tax Cuts and Jobs Act (“Tax Reform Act”) was enacted, which significantly changed U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a one-time repatriation tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act reduced the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. The Tax Reform Act also provided for a one-time deemed repatriation of post-1986 undistributed foreign subsidiary earnings and profits (“E&P”) through the year ended December 31, 2017. The Global Intangible Low-Taxed Income (“GILTI”) provisions of the Tax Reform Act require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. The Company is subject to incremental U.S. tax on GILTI income due to expense allocations required by the U.S. foreign tax credit rules. The Company has elected to account for the GILTI tax in the period in which it is incurred, and therefore has not provided any deferred tax impacts of GILTI in its consolidated financial statements. The Company files a consolidated federal income tax return which includes all domestic subsidiaries. State income taxes paid in the U.S. during 2022 and 2021 totaled $3,000 and $6,000, respectively. There were no state income tax refunds received in the U.S. during 2022 or 2021. Foreign income taxes paid during 2022 and 2021 totaled $934,000 and $211,000. There were no foreign refunds received in 2022 and 2021. There were no federal taxes paid in 2022 and 2021. There were no federal refunds received in 2022 or 2021. At December 31, 2022, the Company had $146,548,000 of federal net operating loss carryforwards available to offset future federal taxable income. The pre-2018 federal net operating loss carryforwards of $135,646,000 expire in various amounts from 2026 to 2037. Federal net operating loss carryforwards generated in 2018 and forward will have an unlimited carryforward period as part of the Tax Act. The indefinite lived net operating loss carryforwards as of December 31, 2022 are approximately $10,902,000. At December 31, 2022, the Company had $108,063,000 of state net operating loss carryforwards available to offset future state taxable income, the majority of which relates to Florida ($59,901,000) and Kentucky ($48,162,000). The pre-2018 state net operating loss carryforwards totaling approximately $103,141,000 expire in various amounts from 2026 to 2037. State net operating loss carryforwards generated in 2018 and forward will have an unlimited carryforward. The indefinite lived state net operating loss carryforwards as of December 31, 2022 are approximately $4,922,000. The following is a reconciliation of income tax (benefit) expense to that computed by applying the federal statutory rate to income (loss) before income taxes (in thousands): Year ended December 31, 2022 2021 Federal tax expense at the statutory rate $ (325 ) $ 839 Current year permanent differences 167 (11 ) State income taxes, net of federal tax impact (102 ) 14 Effect of tax rates of foreign subsidiary 282 323 Currency translation effect on temporary differences (161 ) 111 Change in valuation allowance 876 919 State NOL carryforwards 706 (256 ) Other (495 ) (866 ) Income tax expense (benefit), net $ 948 $ 1,073 The gross deferred tax asset for the Company’s Mexican subsidiary was $2,367,000 and $2,548,000 as of December 31, 2022 and 2021, respectively. Deferred income tax assets and liabilities are as follows (in thousands): Year ended December 31, 2022 2021 Deferred tax assets: Compensation and benefit accruals $ 423 $ 328 Inventory valuation 889 863 Federal and state net operating loss carryforwards 35,265 35,351 Deferred revenue 84 21 Accounts receivable allowance 18 15 Defined benefit pension plan 449 621 Lease liabilities 865 1,037 Foreign deferred revenue and other provisions 2,367 2,548 Other 788 779 Total 41,148 41,563 Domestic valuation allowance (38,028 ) (37,441 ) Total deferred tax assets 3,120 4,122 Deferred tax liabilities: Depreciation (48 ) (714 ) Right-of-use assets, net (705 ) (860 ) Total deferred tax liabilities (753 ) (1,574 ) Net deferred tax asset $ 2,367 $ 2,548 The ASC Income Tax Topic 740 includes guidance for the accounting for uncertainty in income taxes recognized in an enterprise’s financials. Specifically, the guidance prescribes a two-step process, which is the recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The total amount of gross unrecognized tax benefits as of December 31, 2022 and 2021 was $200,000. There were no changes to the unrecognized tax benefit balance during the years ended December 31, 2022 and 2021. If the Company’s positions are sustained by the taxing authority, the entire balance at December 31, 2022 would reduce the Company’s effective tax rate. The Company does not expect its unrecognized tax benefits to change significantly over the next 12 months. The Company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense. As of December 31, 2022 and 2021, the Company does not have an accrual for the payment of tax-related interest and penalties. The Company files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. The Internal Revenue Service (IRS) is not currently examining the Company’s U.S. income tax returns for 2019 through 2021, for which the statute has yet to expire. During the first quarter of 2023, the Company’s wholly-owned subsidiary in Mexico received a formal tax assessment notice from Mexico’s Federal Tax Administration Service, Servicio de Administracion Tributaria’s (the “SAT”) pertaining to revenue variances and disallowed deductions related to an audit by the SAT of the 2016 tax year. The tax liability for the variances is $20,922,000 Mexican pesos, which includes annual adjustments for inflation, interest and penalties and equals approximately $1,150,000 USD at February 23, 2023. The Mexican subsidiary believes the variances can be substantially eliminated and intends to file an administrative appeal with the SAT and further pursue all available legal actions in response to this assessment. No amounts have been accrued, as the Company does not believe a loss is probable. In addition, open tax years related to state and foreign jurisdictions remain subject to examination.

Note 19 - Earnings Per Common S

Note 19 - Earnings Per Common Share	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	(19) (Loss) Earnings Per Common Share The Company computes earnings per share using the two-class method, which is an earnings allocation formula that determines earnings per share for common stock and participating securities. Restricted stock granted by the Company is considered a participating security since it contains a non-forfeitable right to dividends. Our potentially dilutive securities include potential common shares related to our stock options and restricted stock. Diluted earnings per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. Diluted earnings per share excludes the impact of common shares related to our stock options in periods in which the option exercise price is greater than the average market price of our common stock for the period. All potential common shares were excluded from diluted earnings per share for the year ended December 31, 2022 because the effect of inclusion would be anti-dilutive. There were 38,000 shares excluded from earnings per share for the year ended December 31, 2021, because the effect of inclusion would be anti-dilutive. A reconciliation of the weighted average shares outstanding used in the calculation of basic and diluted (loss) income per common share is as follows (in thousands): Year ended December 31, 2022 2021 (Loss) income attributable to stockholders: Net (loss) income as reported $ (2,494 ) $ 2,923 Less distributed and undistributed earnings allocable to restricted award holders 0 (12 ) Net (loss) income allocable to common stockholders $ (2,494 ) $ 2,911 (Loss) income per common share attributable to stockholders: Basic $ (0.11 ) $ 0.14 Diluted $ (0.11 ) $ 0.13 Weighted average shares outstanding – basic 21,729 21,585 Weighted average additional shares assuming conversion of potential common shares 0 1,416 Weighted average shares outstanding – diluted 21,729 23,001

Note 20 - Segment Information

Note 20 - Segment Information	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	(20) Segment Information The Company is organized into two The Company includes the unallocated costs of its corporate office, including the employment costs of its senior management team and other corporate personnel, administrative costs and net corporate interest expense incurred at the corporate level under the caption “General, corporate and other” in the table below. Such unallocated costs include those for centralized information technology, finance, legal and human resources support teams, certain professional fees, director fees, corporate office rent, certain self-insurance costs and recoveries, software license fees and various other administrative expenses that are not allocated to our reportable segments. The unallocated assets include cash and cash equivalents maintained in its domestic treasury accounts and the net book value of corporate facilities and related information systems. The unallocated liabilities consist primarily of the related party notes payable. Domestic income taxes are calculated at an entity level and are not allocated to our reportable segments. Corporate capital expenditures and depreciation and amortization include items attributable to the unallocated fixed assets of the corporate office and related information systems. The following table presents financial information for the reportable segments of the Company (in thousands): Year ended December 31, 2022 2021 Net revenue from unaffiliated customers: Sypris Technologies $ 69,259 $ 61,737 Sypris Electronics 40,862 35,697 Total net revenue $ 110,121 $ 97,434 Gross profit: Sypris Technologies $ 8,550 $ 8,115 Sypris Electronics 6,303 6,391 Total gross profit $ 14,853 $ 14,506 Operating income (loss): Sypris Technologies $ 3,191 $ 3,484 Sypris Electronics 2,721 2,846 General, corporate and other (5,548 ) (4,420 ) Total operating income $ 364 $ 1,910 Interest expense, net: Sypris Technologies $ 382 $ 281 Sypris Electronics 195 37 General, corporate and other 533 550 Total interest expense $ 1,110 $ 868 Other expense (income), net: Sypris Technologies $ 520 $ 647 Sypris Electronics (4 ) (2 ) General, corporate and other 284 0 Total other expense, net $ 800 $ 645 Year ended December 31, 2022 2021 Income (loss) before income taxes: Sypris Technologies $ 2,290 $ 2,555 Sypris Electronics 2,529 2,812 General, corporate and other (6,365 ) (1,371 ) Total income (loss) before income taxes $ (1,546 ) $ 3,996 Depreciation and amortization: Sypris Technologies $ 2,173 $ 1,888 Sypris Electronics 739 579 General, corporate and other 176 179 Total depreciation and amortization $ 3,088 $ 2,646 Capital expenditures: Sypris Technologies $ 2,714 $ 2,392 Sypris Electronics 327 403 General, corporate and other 0 29 Total capital expenditures $ 3,041 $ 2,824 December 31, 2022 2021 Total assets: Sypris Technologies $ 36,875 $ 35,977 Sypris Electronics 47,522 35,599 General, corporate and other 19,747 7,929 Total assets $ 104,144 $ 79,505 Total liabilities: Sypris Technologies $ 19,492 $ 20,666 Sypris Electronics 56,073 31,030 General, corporate and other 9,004 8,523 Total liabilities $ 84,569 $ 60,219 The Company’s export sales from the U.S. totaled $3,548,000 and $4,463,000 in 2022 and 2021, respectively. Approximately $51,228,000 and $45,445,000 of net revenue in 2022 and 2021, respectively, and $9,504,000 and $7,083,000 of long lived assets at December 31, 2022 and 2021, respectively, and net assets of $16,866,000 and $16,336,000 at December 31, 2022 and 2021, respectively, relate to the Company’s international operations.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Consolidation Policy
Nature of Business [Policy Text Block]	Nature of Business two
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Estimates
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents
Inventory, Policy [Policy Text Block]	Inventory
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant and Equipment three fifteen
Capitalization of Implementation Costs in Cloud Computing [Policy Text Block]	Cloud Computing Arrangements
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Long-lived Assets
Lessee, Leases [Policy Text Block]	Leases
Share-Based Payment Arrangement [Policy Text Block]	Stock-based Compensation
Income Tax, Policy [Policy Text Block]	Income Taxes 38 SYPRIS SOLUTIONS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED Income Taxes
Cost of Goods and Service [Policy Text Block]	Net Revenue and Cost of Sales Revenue from Contracts with Customers
Premiums Receivable, Allowance for Doubtful Accounts, Estimation Methodology, Policy [Policy Text Block]	Allowance for Doubtful Accounts
Standard Product Warranty, Policy [Policy Text Block]	Product Warranty Costs
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk two three 39 SYPRIS SOLUTIONS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation
Collective Bargaining Agreements [Policy Text Block]	Collective Bargaining Agreements
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards

Note 2 - Leases (Tables)

Note 2 - Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Lease, Cost [Table Text Block]	December 31, 2022 2021 Finance lease expense Amortization expense $ 677 $ 422 Interest expense 338 230 Operating lease expense 1,402 1,406 Variable lease expense 337 315 Total lease expense $ 2,754 $ 2,373
Supplemental Cash Flow Information Related to Leases [Table Text Block]	December 31, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,713 $ 1,532 Operating cash flows from finance leases 338 230 Financing cash flows from finance leases 982 499
Lessee, Operating and Finance Lease, Liability, Maturity [Table Text Block]	Operating Finance Leases Leases Next 12 months $ 1,509 $ 1,369 12 to 24 months 1,317 1,293 24 to 36 months 1,231 1,259 36 to 48 months 859 256 48 to 60 months 842 0 Thereafter 0 0 Total lease payments 5,758 4,177 Less imputed interest (880 ) (539 ) Total $ 4,878 $ 3,638
Lease Terms and Discount Rates for Leases [Table Text Block]	December 31, 2022 2021 Weighted-average remaining lease term (years): Operating leases 4.4 5.3 Finance leases 3.0 4.0 Weighted-average discount rate (percentage): Operating leases 8.0 8.0 Finance leases 8.5 8.5

Note 3 - Revenue From Contrac_2

Note 3 - Revenue From Contracts With Customers (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	December 31, 2022 2021 Sypris Technologies – transferred point in time $ 69,259 $ 61,737 Sypris Electronics – transferred point in time 10,400 7,232 Sypris Electronics – transferred over time 30,462 28,465 Net revenue $ 110,121 $ 97,434

Note 5 - Accounts Receivable (T

Note 5 - Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2022 2021 Commercial $ 8,139 $ 8,529 Allowance for doubtful accounts (75 ) (62 ) Accounts receivable, net $ 8,064 $ 8,467

Note 6 - Inventory (Tables)

Note 6 - Inventory (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2022 2021 Raw materials $ 36,612 $ 23,694 Work in process 6,585 6,702 Finished goods 802 1,497 Reserve for excess and obsolete inventory (1,866 ) (1,793 ) Inventory, net $ 42,133 $ 30,100

Note 7 - Other Current Assets (

Note 7 - Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Other Current Assets [Table Text Block]	December 31, 2022 2021 Prepaid expenses $ 1,810 $ 1,343 Contract assets 2,393 1,913 Other 3,930 2,612 Other current assets $ 8,133 $ 5,868

Note 8 - Property, Plant and _2

Note 8 - Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 2022 2021 Land and land improvements $ 43 $ 43 Buildings and building improvements 8,044 7,863 Machinery, equipment, furniture and fixtures 66,037 61,050 Construction in progress 2,048 858 76,172 69,814 Accumulated depreciation (60,640 ) (55,674 ) Property plant and equipment, net $ 15,532 $ 14,140 December 31, 2022 2021 Buildings and building improvements $ 3,045 $ 2,864 Machinery, equipment, furniture and fixtures 3,432 3,048 6,477 5,912 Accumulated depreciation (2,712 ) (1,896 ) Net $ 3,765 $ 4,016

Note 9 - Other Assets (Tables)

Note 9 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Other Assets [Table Text Block]	December 31, 2022 2021 Long term spare parts $ 497 $ 455 Long term deposits 280 280 Pension asset 645 595 Deferred tax asset, net 2,367 2,548 Other 594 292 Other assets $ 4,383 $ 4,170

Note 10 - Accrued Liabilities (

Note 10 - Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Accrued Liabilities [Table Text Block]	December 31, 2022 2021 Salaries, wages, employment taxes and withholdings $ 1,644 $ 1,548 Employee benefit plans 891 861 Accrued professional fees 734 697 Income, property and other taxes 201 176 Contract liabilities – short term 27,909 15,013 Deferred gain from sale-leaseback 305 286 Other 1,632 1,065 Accrued liabilities $ 33,316 $ 19,646

Note 11 - Other Liabilities (Ta

Note 11 - Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Other Liabilities [Table Text Block]	December 31, 2022 2021 Noncurrent pension liability $ 4,332 $ 4,647 Deferred gain from sale leaseback 660 907 Contract liabilities – long term 12,482 4,875 Other 0 101 Other liabilities $ 17,474 $ 10,530

Note 12 - Debt (Tables)

Note 12 - Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	December 31, 2022 2021 Current: Finance lease obligation, current portion $ 1,102 $ 983 Equipment financing obligations, current portion 398 336 Note payable – related party, current portion 2,500 0 Current portion of long-term debt and finance lease obligations $ 4,000 $ 1,319 Long Term: Finance lease obligations $ 2,536 $ 3,469 Equipment financing obligations 738 868 Note payable – related party 4,000 6,500 Less unamortized debt issuance and modification costs (11 ) (16 ) Long term debt and finance lease obligations, net of unamortized debt costs $ 7,263 $ 10,821
Finance Lease, Liability, Fiscal Year Maturity [Table Text Block]	Next 12 months $ 468 12 to 24 months 399 24 to 36 months 223 36 to 48 months 127 48 to 60 months 31 Thereafter 5 Total payments 1,253 Less imputed interest (117 ) Total equipment financing obligations $ 1,136

Note 14 - Employee Benefit Pl_2

Note 14 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Year ended December 31, 2022 2021 Service cost $ 5 $ 4 Interest cost on projected benefit obligation 839 774 Net amortization of actuarial loss 560 613 Expected return on plan assets (837 ) (773 ) Net periodic benefit cost $ 567 $ 618
Net Periodic Benefit Cost Recognized in Income Statement [Table Text Block]	Year ended December 31, 2022 2021 Service cost: Selling, general and administrative expenses $ 5 $ 4 Other net periodic benefit costs: Other expense, net 562 614 Total $ 567 $ 618
Schedule of Changes in Projected Benefit Obligations [Table Text Block]	December 31, 2022 2021 Change in benefit obligation Benefit obligation at beginning of year $ 32,756 $ 36,859 Service cost 5 4 Interest cost 839 774 Actuarial loss (6,303 ) (2,245 ) Benefits paid (2,506 ) (2,636 ) Benefit obligation at end of year $ 24,791 $ 32,756 Change in plan assets: Fair value of plan assets at beginning of year $ 30,051 $ 32,353 Actual return on plan assets (4,768 ) 37 Company contributions 66 297 Benefits paid (2,506 ) (2,636 ) Fair value of plan assets at end of year $ 22,843 $ 30,051 Underfunded status of the plans $ (1,948 ) (2,705 ) Balance sheet assets (liabilities): Other assets $ 645 $ 595 Accrued liabilities (16 ) (126 ) Other liabilities (2,577 ) (3,174 ) Net amount recognized $ (1,948 ) $ (2,705 ) Pension plans with accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 17,260 $ 22,846 Accumulated benefit obligation 17,260 22,846 Fair value of plan assets 14,665 19,545 Projected benefit obligation and net periodic pension cost assumptions: Discount rate – projected benefit obligation 5.40 % 2.70 % Discount rate – net periodic pension cost 2.70 2.25 Rate of compensation increase N/A N/A Expected long-term rate of return on plan assets 2.35 – 3.40 1.80 – 2.95 December 31, 2022 2021 Weighted average asset allocation: Equity securities 16 % 16 % Debt securities 83 81 Other 1 3 Total 100 % 100 %
Schedule of Allocation of Plan Assets [Table Text Block]	Quoted Prices (Level 1) Significant (Level 2) Asset categories Cash and cash equivalents $ 2,365 $ 0 Equity securities: 0 U.S. Large Cap 1,671 0 U.S. Mid Cap 566 0 U.S. Small Cap 209 0 World Equity 1,194 0 Real Estate 210 0 Other 106 0 Fixed income securities 5,018 11,504 Total Plan Assets $ 11,339 $ 11,504 Quoted Prices Significant (Level 2) Asset categories Cash and cash equivalents $ 2,371 $ 0 Equity securities: 0 U.S. Large Cap 2,008 0 U.S. Mid Cap 863 0 U.S. Small Cap 169 0 World Equity 1,733 0 Real Estate 405 0 Other 547 0 Fixed income securities 6,814 15,141 Total Plan Assets $ 14,910 $ 15,141
Schedule of Expected Benefit Payments [Table Text Block]	2023 $ 2,513 2024 2,456 2025 2,388 2026 2,300 2027 2,223 2028-2032 9,885 Total $ 21,765

Note 16 - Stock Option and Pu_2

Note 16 - Stock Option and Purchase Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	Year ended December 31, 2022 2021 Expected life (years) 4.3 4.1 Expected volatility 86.5 % 83.0 % Risk-free interest rates 1.69 % 0.79 % Expected dividend yield 0 % 0 %
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Number of Weighted Weighted Aggregate Nonvested shares at January 1, 2021 0 $ 0 Granted 197,500 3.16 Vested 0 0 Forfeited 0 0 Nonvested shares at December 31, 2021 197,500 3.16 Granted 197,500 2.59 Vested 0 0 Forfeited 0 0 Nonvested shares at December 31, 2022 395,000 $ 2.88 1.9 $ 809,000
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number of Weighted Weighted Aggregate Outstanding at January 1, 2021 2,746,250 $ 1.10 Granted 38,000 3.24 Exercised (687,500 ) 1.21 Forfeited (107,000 ) 0.93 Expired (12,500 ) 0.96 Outstanding at December 31, 2021 1,977,250 1.11 Granted 260,000 2.60 Exercised (138,900 ) 1.11 Forfeited (51,000 ) 0.86 Expired (15,500 ) 1.15 Outstanding at December 31, 2022 2,031,850 $ 1.31 2.02 $ 1,690,000 Exercisable at December 31, 2022 907,250 $ 1.30 0.84 $ 676,000

Note 17 - Stockholders' Equity

Note 17 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	December 31, 2022 2021 Foreign currency translation adjustments, net of tax $ (10,458 ) $ (11,440 ) Employee benefit related adjustments – U.S, net of tax (10,488 ) (11,745 ) Employee benefit related adjustments – Mexico, net of tax 101 191 Accumulated other comprehensive loss $ (20,845 ) $ (22,994 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Defined Accum. Other Balance at January 1, 2021 $ (10,847 ) $ (13,851 ) $ (24,698 ) Currency translation adjustments, net of tax (593 ) 0 (593 ) Net actuarial loss for the year, net of tax 0 1,684 1,684 Amortization for the year, net of tax 0 613 613 Balance at December 31, 2021 $ (11,440 ) $ (11,554 ) $ (22,994 ) Currency translation adjustments, net of tax 982 0 982 Net actuarial loss for the year, net of tax 0 607 607 Amortization for the year, net of tax 0 560 560 Balance at December 31, 2022 $ (10,458 ) $ (10,387 ) $ (20,845 )

Note 18 - Income Taxes (Tables)

Note 18 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Year ended December 31, 2022 2021 Domestic $ (4,661 ) $ 408 Foreign 3,115 3,588 Total $ (1,546 ) $ 3,996
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year ended December 31, 2022 2021 Current: Federal $ 0 $ 0 State 3 6 Foreign 616 52 Total current income tax expense 619 58 Deferred: Federal 0 0 State 0 0 Foreign 329 1,015 Total deferred income tax expense 329 1,015 Income tax expense, net $ 948 $ 1,073
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year ended December 31, 2022 2021 Federal tax expense at the statutory rate $ (325 ) $ 839 Current year permanent differences 167 (11 ) State income taxes, net of federal tax impact (102 ) 14 Effect of tax rates of foreign subsidiary 282 323 Currency translation effect on temporary differences (161 ) 111 Change in valuation allowance 876 919 State NOL carryforwards 706 (256 ) Other (495 ) (866 ) Income tax expense (benefit), net $ 948 $ 1,073
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Year ended December 31, 2022 2021 Deferred tax assets: Compensation and benefit accruals $ 423 $ 328 Inventory valuation 889 863 Federal and state net operating loss carryforwards 35,265 35,351 Deferred revenue 84 21 Accounts receivable allowance 18 15 Defined benefit pension plan 449 621 Lease liabilities 865 1,037 Foreign deferred revenue and other provisions 2,367 2,548 Other 788 779 Total 41,148 41,563 Domestic valuation allowance (38,028 ) (37,441 ) Total deferred tax assets 3,120 4,122 Deferred tax liabilities: Depreciation (48 ) (714 ) Right-of-use assets, net (705 ) (860 ) Total deferred tax liabilities (753 ) (1,574 ) Net deferred tax asset $ 2,367 $ 2,548

Note 19 - Earnings Per Common_2

Note 19 - Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year ended December 31, 2022 2021 (Loss) income attributable to stockholders: Net (loss) income as reported $ (2,494 ) $ 2,923 Less distributed and undistributed earnings allocable to restricted award holders 0 (12 ) Net (loss) income allocable to common stockholders $ (2,494 ) $ 2,911 (Loss) income per common share attributable to stockholders: Basic $ (0.11 ) $ 0.14 Diluted $ (0.11 ) $ 0.13 Weighted average shares outstanding – basic 21,729 21,585 Weighted average additional shares assuming conversion of potential common shares 0 1,416 Weighted average shares outstanding – diluted 21,729 23,001

Note 20 - Segment Information (

Note 20 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year ended December 31, 2022 2021 Net revenue from unaffiliated customers: Sypris Technologies $ 69,259 $ 61,737 Sypris Electronics 40,862 35,697 Total net revenue $ 110,121 $ 97,434 Gross profit: Sypris Technologies $ 8,550 $ 8,115 Sypris Electronics 6,303 6,391 Total gross profit $ 14,853 $ 14,506 Operating income (loss): Sypris Technologies $ 3,191 $ 3,484 Sypris Electronics 2,721 2,846 General, corporate and other (5,548 ) (4,420 ) Total operating income $ 364 $ 1,910 Interest expense, net: Sypris Technologies $ 382 $ 281 Sypris Electronics 195 37 General, corporate and other 533 550 Total interest expense $ 1,110 $ 868 Other expense (income), net: Sypris Technologies $ 520 $ 647 Sypris Electronics (4 ) (2 ) General, corporate and other 284 0 Total other expense, net $ 800 $ 645 Year ended December 31, 2022 2021 Income (loss) before income taxes: Sypris Technologies $ 2,290 $ 2,555 Sypris Electronics 2,529 2,812 General, corporate and other (6,365 ) (1,371 ) Total income (loss) before income taxes $ (1,546 ) $ 3,996 Depreciation and amortization: Sypris Technologies $ 2,173 $ 1,888 Sypris Electronics 739 579 General, corporate and other 176 179 Total depreciation and amortization $ 3,088 $ 2,646 Capital expenditures: Sypris Technologies $ 2,714 $ 2,392 Sypris Electronics 327 403 General, corporate and other 0 29 Total capital expenditures $ 3,041 $ 2,824
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, 2022 2021 Total assets: Sypris Technologies $ 36,875 $ 35,977 Sypris Electronics 47,522 35,599 General, corporate and other 19,747 7,929 Total assets $ 104,144 $ 79,505 Total liabilities: Sypris Technologies $ 19,492 $ 20,666 Sypris Electronics 56,073 31,030 General, corporate and other 9,004 8,523 Total liabilities $ 84,569 $ 60,219

Note 1 - Organization and Sig_2

Note 1 - Organization and Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Number of Operating Segments	2
Standard and Extended Product Warranty Accrual, Ending Balance	$ 690,000	$ 659,000
Product Warranty Expense	$ 251,000	$ 252,000
Multi Employer Plans Collective Bargaining Arrangement Number of Participants	415
Multiemployer Plan, Employees Covered by Collective-Bargaining Arrangement, Subject to Expiration in 12 Months	0
Employee Benefit Related Adjustments Mexico [Member]
Multi Employer Plans Collective Bargaining Arrangement Number of Participants	394
Multiemployer Plan, Pension, Significant, Employees Covered by Collective-Bargaining Arrangement to All Entity's Employees, Percentage	58%
Multiemployer Plan, Pension, Significant, Employees Covered by Collective-Bargaining Arrangement to All Participants, Percentage	55%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Two Customers [Member]
Concentration Risk, Percentage	31%
Number of Major Customers	3
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Subcom [Member]
Concentration Risk, Percentage	18%	11%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer Detroit Diesel [Member]
Concentration Risk, Percentage	13%	25%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Three Customers [Member]
Concentration Risk, Percentage		53%
Number of Major Customers		4
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer ADI [Member]
Concentration Risk, Percentage		13%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Detroit Diesel [Member]
Concentration Risk, Percentage	18%	18%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer Sistemas [Member]
Concentration Risk, Percentage	22%	21%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Northrop Grumman [Member]
Concentration Risk, Percentage	14%	16%
Machinery, Equipment, Furniture, and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	3 years
Machinery, Equipment, Furniture, and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	15 years
Capitalized Implementation Costs [Member]
Prepaid Expense and Other Assets	$ 204,000	$ 89,000

Note 2 - Leases (Details Textua

Note 2 - Leases (Details Textual) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Lessee, Operating Lease, Renewal Term	5 years
Operating Lease, Right-of-Use Asset	$ 4,251,000	$ 5,140,000
Operating Lease, Liability, Total	$ 4,878,000	$ 5,941,000
Minimum [Member]
Lessee, Operating Lease, Term of Contract	10 years
Maximum [Member]
Lessee, Operating Lease, Term of Contract	11 years

Note 2 - Leases - Lease Expense

Note 2 - Leases - Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Amortization expense	$ 677	$ 422
Interest expense	338	230
Operating lease expense	1,402	1,406
Variable lease expense	337	315
Total lease expense	$ 2,754	$ 2,373

Note 2 - Leases - Supplemental

Note 2 - Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating cash flows from operating leases	$ 1,713	$ 1,532
Operating cash flows from finance leases	338	230
Financing cash flows from finance leases	$ 982	$ 499

Note 2 - Leases - Maturities of

Note 2 - Leases - Maturities of Lease Liabilities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Next 12 months, Operating Leases	$ 1,509,000
Next 12 months, Financing Leases	1,369,000
12 to 24 months, Operating Leases	1,317,000
12 to 24 months, Financing Leases	1,293,000
24 to 36 months, Operating Leases	1,231,000
24 to 36 months, Financing Leases	1,259,000
36 to 48 months, Operating Leases	859,000
36 to 48 months, Financing Leases	256,000
48 to 60 months, Operating Leases	842,000
48 to 60 months, Financing Leases	0
Thereafter, Operating Leases	0
Thereafter, Financing Leases	0
Total lease payments, Operating Leases	5,758,000
Total lease payments, Financing Leases	4,177,000
Less imputed interest, Operating Leases	(880,000)
Less imputed interest, Financing Leases	(539,000)
Total, Operating Leases	4,878,000	$ 5,941,000
Total, Financing Leases	$ 3,638,000

Note 2 - Leases - Information R

Note 2 - Leases - Information Related to Lease Terms and Discount Rates (Details)	Dec. 31, 2022	Dec. 31, 2021
Operating leases (Year)	4 years 4 months 24 days	5 years 3 months 18 days
Finance leases (Year)	3 years	4 years
Operating leases	8%	8%
Finance leases	8.50%	8.50%

Note 3 - Revenue From Contrac_3

Note 3 - Revenue From Contracts With Customers 1 (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Amount	$ 97,058,000
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	2,393,000	$ 1,913,000
Contract with Customer, Liability, Total	40,391,000	19,888,000
Contract with Customer, Liability, Current	27,909,000	15,013,000
Contract with Customer, Liability, Noncurrent	12,482,000	4,875,000
Contract with Customer, Liability, Revenue Recognized from Contract Liabilities	14,165,000	6,400,000
Other Current Assets [Member]
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total	2,393,000	1,913,000
Accrued Liabilities [Member]
Contract with Customer, Liability, Current	27,909,000	15,013,000
Other Noncurrent Liabilities [Member]
Contract with Customer, Liability, Noncurrent	$ 12,482,000	$ 4,875,000

Note 3 - Revenue From Contrac_4

Note 3 - Revenue From Contracts With Customers 2 (Details Textual) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Percentage	57%

Note 3 - Revenue From Contrac_5

Note 3 - Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net revenue	$ 110,121	$ 97,434
Sypris Technologies [Member]
Net revenue	69,259	61,737
Sypris Technologies [Member] | Transferred at Point in Time [Member]
Net revenue	69,259	61,737
Sypris Electronics [Member]
Net revenue	40,862	35,697
Sypris Electronics [Member] | Transferred at Point in Time [Member]
Net revenue	10,400	7,232
Sypris Electronics [Member] | Transferred over Time [Member]
Net revenue	$ 30,462	$ 28,465

Note 4 - Other Expense, Net (De

Note 4 - Other Expense, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Other Nonoperating Income (Expense), Total	$ (800,000)	$ (645,000)
Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component	$ (562,000)	$ (614,000)

Note 5 - Accounts Receivable -

Note 5 - Accounts Receivable - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commercial	$ 8,139	$ 8,529
Allowance for doubtful accounts	(75)	(62)
Accounts receivable, net	$ 8,064	$ 8,467

Note 6 - Inventory - Inventory

Note 6 - Inventory - Inventory Components (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Raw materials	$ 36,612	$ 23,694
Work in process	6,585	6,702
Finished goods	802	1,497
Reserve for excess and obsolete inventory	(1,866)	(1,793)
Inventory, net	$ 42,133	$ 30,100

Note 7 - Other Current Assets_2

Note 7 - Other Current Assets (Details Textual)	12 Months Ended
	Dec. 31, 2022
Percentage of Current Assets Included in Other Current Assets	5%

Note 7 - Other Current Assets -

Note 7 - Other Current Assets - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Prepaid expenses	$ 1,810	$ 1,343
Contract assets	2,393	1,913
Other	3,930	2,612
Other current assets	$ 8,133	$ 5,868

Note 8 - Property, Plant and _3

Note 8 - Property, Plant and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Depreciation, Total	$ 3,088,000	$ 2,646,000

Note 8 - Property, Plant and _4

Note 8 - Property, Plant and Equipment - Property, Plant and Equipment Components (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Gross property, plant and equipment	$ 76,172	$ 69,814
Finance lease, right-of-use asset, gross	6,477	5,912
Finance lease, right-of-use, accumulated depreciation	(2,712)	(1,896)
Accumulated depreciation	(60,640)	(55,674)
Property plant and equipment, net	15,532	14,140
Property, Plant and Equipment [Member]
Finance lease, right-of-use, net	3,765	4,016
Land and Land Improvements [Member]
Gross property, plant and equipment	43	43
Building and Building Improvements [Member]
Gross property, plant and equipment	8,044	7,863
Finance lease, right-of-use asset, gross	3,045	2,864
Machinery, Equipment, Furniture, and Fixtures [Member]
Finance lease, right-of-use asset, gross	3,432	3,048
Property, Plant and Equipment, Other Types [Member]
Gross property, plant and equipment	66,037	61,050
Construction in Progress [Member]
Gross property, plant and equipment	$ 2,048	$ 858

Note 9 - Other Assets - Summary

Note 9 - Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Long term spare parts	$ 497	$ 455
Long term deposits	280	280
Pension asset	645	595
Deferred tax asset, net	2,367	2,548
Other	594	292
Other assets	$ 4,383	$ 4,170

Note 10 - Accrued Liabilities_2

Note 10 - Accrued Liabilities (Details Textual)	Dec. 31, 2022
Accrued Operating Expenses, Accrued Warranty Expenses, Accrued Interest, and Other Items	5%

Note 10 - Accrued Liabilities -

Note 10 - Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Salaries, wages, employment taxes and withholdings	$ 1,644	$ 1,548
Employee benefit plans	891	861
Accrued professional fees	734	697
Income, property and other taxes	201	176
Contract liabilities – short term	27,909	15,013
Deferred gain from sale-leaseback	305	286
Other	1,632	1,065
Accrued liabilities	$ 33,316	$ 19,646

Note 11 - Other Liabilities - O

Note 11 - Other Liabilities - Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Noncurrent pension liability	$ 4,332	$ 4,647
Deferred gain from sale leaseback	660	907
Contract liabilities – long term	12,482	4,875
Other	0	101
Other liabilities	$ 17,474	$ 10,530

Note 12 - Debt (Details Textual

Note 12 - Debt (Details Textual) - USD ($)			3 Months Ended	12 Months Ended
	Jun. 28, 2021	Apr. 01, 2019	Jul. 05, 2020	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2022
Interest Costs Capitalized				$ 0	$ 0
Interest Paid, Excluding Capitalized Interest, Operating Activities				526,000	$ 699,000
Finance Lease, Liability, Total				3,638,000
Machinery at Sypris Technologies Facility [Member]
Finance Lease, Liability, Total				$ 3,638,000,000,000
Machinery at Sypris Technologies Facility [Member] | Finance Lease Obligations [Member]
Debt, Weighted Average Interest Rate				8.50%
Outstanding Borrowings [Member]
Debt, Weighted Average Interest Rate				8.50%	6.50%
Paycheck Protection Program CARES Act [Member]
Proceeds from Notes Payable, Total			$ 3,558,000
Notes Payable, Total			$ 3,558,000
Debt Instrument, Decrease, Forgiveness	$ 3,558,000				$ 3,599,000
Promissory Notes with Maturity on April 1, 2021 and April 1, 2023 [Member] | Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance				$ 6,500,000	$ 6,500,000
Debt Instrument, Interest Rate, Stated Percentage						8%
Debt Instrument, Allowance for Payment Deferral Period (Month)				18 months
Debt Instrument, Maximum Allowance of Interest Due on Deferred Payments, Percent				60%
Promissory Note with Maturity on April 1, 2023 [Member] | Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance				$ 2,500,000
Promissory Notes with Maturity on April 1, 2024 [Member] | Gill Family Capital Management [Member]
Subordinated Debt, Ending Balance				2,000,000
Promissory Note [Member] | Gill Family Capital Management [Member] | Five-year Treasury Note Average During Preceding 90-day Period [Member]
Debt Instrument, Basis Spread on Variable Rate		5%
Equipment Financing Obligations [Member]
Finance Lease, Liability, Total				1,136,000
Long-Term Debt, Total				$ 1,100,000
Equipment Financing Obligations [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage				4.40%
Equipment Financing Obligations [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Effective Percentage				8.10%

Note 12 - Debt - Debt Component

Note 12 - Debt - Debt Components (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finance lease obligations, current portion	$ 1,102	$ 983
Equipment financing obligations, current portion	398	336
Note payable – related party, current portion	2,500	0
Current portion of long-term debt and finance lease obligations	4,000	1,319
Finance lease obligations, net of current portion	2,536	3,469
Equipment financing obligations	738	868
Note payable – related party	4,000	6,500
Less unamortized debt issuance and modification costs	(11)	(16)
Long term debt and finance lease obligations, net of unamortized debt costs	$ 7,263	$ 10,821

Note 12 - Debt - Maturities of

Note 12 - Debt - Maturities of Equipment Financing Obligations (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Next 12 months, Finance Lease	$ 1,369
12 to 24 months, Finance Lease	1,293
24 to 36 months, Finance Lease	1,259
36 to 48 months, Finance Lease	256
48 to 60 months, Finance Lease	0
Thereafter, Finance Lease	0
Total lease payments, Financing Leases	4,177
Less imputed interest, Financing Leases	(539)
Total, Financing Leases	3,638
Equipment Financing Obligations [Member]
Next 12 months, Finance Lease	468
12 to 24 months, Finance Lease	399
24 to 36 months, Finance Lease	223
36 to 48 months, Finance Lease	127
48 to 60 months, Finance Lease	31
Thereafter, Finance Lease	5
Total lease payments, Financing Leases	1,253
Less imputed interest, Financing Leases	(117)
Total, Financing Leases	$ 1,136

Note 14 - Employee Benefit Pl_3

Note 14 - Employee Benefit Plans (Details Textual) - USD ($)	12 Months Ended		36 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022
Defined Benefit Plan Maximum Period Allocated for Calculating Average Compensation			10 years
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year	$ 16,000		$ 16,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax, Total	9,951,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax, Total	$ 560,000	$ 613,000
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3%
Defined Benefit Plan, Funded (Unfunded) Status of Plan, Total	$ (1,948,000)	(2,705,000)	(1,948,000)
Other Liabilities [Member]
Defined Benefit Plan, Funded (Unfunded) Status of Plan, Total	$ 1,755,000	1,473,000	$ 1,755,000
Louisville Hourly Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets	2.35%
Marion Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets	3.40%
Louisville Salaried Plan [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets	2.65%
Defined Contribution Plan [Member]
Defined Contribution Plan, Cost	$ 404,000	361,000
Non US Employees Defined Benefit Plan [Member]
Defined Benefit Plan, Plan Assets, Administration Expense	$ 253,000	$ 232,000
Minimum [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets	2.35%	1.80%
Minimum [Member] | Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0%		0%
Minimum [Member] | Fixed Income Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	35%		35%
Minimum [Member] | Non Traditional Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0%		0%
Maximum [Member]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-Term Rate of Return on Plan Assets	3.40%	2.95%
Maximum [Member] | Defined Benefit Plan, Equity Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	55%		55%
Maximum [Member] | Fixed Income Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100%		100%
Maximum [Member] | Non Traditional Securities [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	10%		10%

Note 14 - Employee Benefit Pl_4

Note 14 - Employee Benefit Plans - Components of Pension Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Service cost	$ 5	$ 4
Interest cost on projected benefit obligation	839	774
Net amortization of actuarial loss	560	613
Expected return on plan assets	(837)	(773)
Net periodic benefit cost	$ 567	$ 618

Note 14 - Employee Benefit Pl_5

Note 14 - Employee Benefit Plans - Net Periodic Benefit Cost Recognized in Consolidated Statements of Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Selling, general and administrative expenses	$ 5,000	$ 4,000
Other expense, net	562,000	614,000
Total	567,000	618,000
Selling, General and Administrative Expenses [Member]
Selling, general and administrative expenses	$ 5,000	$ 4,000

Note 14 - Employee Benefit Pl_6

Note 14 - Employee Benefit Plans - Summaries of Changes in Benefit Obligations and Plan Assets and of Funded Status of Pension Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Benefit obligation at beginning of year	$ 32,756	$ 36,859
Other assets	645	595
Projected benefit obligation	$ 17,260	$ 22,846
Discount rate – projected benefit obligation	5.40%	2.70%
Weighted average asset allocation	100%	100%
Service cost	$ 5	$ 4
Accrued liabilities	(16)	(126)
Accumulated benefit obligation	$ 17,260	$ 22,846
Discount rate – net periodic pension cost	2.70%	2.25%
Interest cost on projected benefit obligation	$ 839	$ 774
Other liabilities	(2,577)	(3,174)
Fair value of plan assets	14,665	19,545
Actuarial loss	(6,303)	(2,245)
Net amount recognized	(1,948)	(2,705)
Benefits paid	(2,506)	(2,636)
Benefit obligation at end of year	24,791	32,756
Fair value of plan assets at beginning of year	30,051	32,353
Actual return on plan assets	(4,768)	37
Company contributions	66	297
Benefits paid	(2,506)	(2,636)
Fair value of plan assets at end of year	22,843	30,051
Underfunded status of the plans	$ (1,948)	$ (2,705)
Minimum [Member]
Expected long-term rate of return on plan assets	2.35%	1.80%
Maximum [Member]
Expected long-term rate of return on plan assets	3.40%	2.95%
Equity Securities [Member]
Weighted average asset allocation	16%	16%
Debt Securities [Member]
Weighted average asset allocation	83%	81%
Other [Member]
Weighted average asset allocation	1%	3%

Note 14 - Employee Benefit Pl_7

Note 14 - Employee Benefit Plans - Summary of Fair Values of Pension Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair value of plan assets	$ 22,843	$ 30,051	$ 32,353
Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	11,339	14,910
Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	11,504	15,141
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	2,365	2,371
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	0	0
Defined Benefit Plan, Equity Securities, US, Large Cap [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	1,671	2,008
Defined Benefit Plan, Equity Securities, US, Large Cap [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	0	0
Defined Benefit Plan, Equity Securities, US, Mid Cap [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	566	863
Defined Benefit Plan, Equity Securities, US, Mid Cap [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	0	0
Defined Benefit Plan, Equity Securities, US, Small Cap [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	209	169
Defined Benefit Plan, Equity Securities, US, Small Cap [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	0	0
Defined Benefit Plan, Equity Securities, Non-US [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	1,194	1,733
Defined Benefit Plan, Equity Securities, Non-US [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	0	0
Real Estate [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	210	405
Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	0	0
Other Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	106	547
Other Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	0	0
Fixed Income Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value of plan assets	5,018	6,814
Fixed Income Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value of plan assets	$ 11,504	$ 15,141

Note 14 - Employee Benefit Pl_8

Note 14 - Employee Benefit Plans - Benefits Expected to be Paid (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Expected future benefit payment, 2023	$ 2,513
Expected future benefit payment, 2024	2,456
Expected future benefit payment, 2025	2,388
Expected future benefit payment, 2026	2,300
Expected future benefit payment, 2027	2,223
Expected future benefit payment, 2028-2032	9,885
Total	$ 21,765

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Details Textual) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Accrual for Environmental Loss Contingencies, Ending Balance	$ 0	$ 0
DOL [Member]
Estimated Litigation Liability	575,000
DOL [Member] | Minimum [Member]
Loss Contingency, Estimate of Possible Loss	0
DOL [Member] | Maximum [Member]
Loss Contingency, Estimate of Possible Loss	58,000
Inventories [Member]
Purchase Obligation, Total	66,803,000
Purchase Obligation, to be Paid, Year One	47,353,000
Purchase Obligation, to be Paid, Year Two	19,450,000
Capital Addition Purchase Commitments [Member]
Purchase Obligation, Total	$ 2,047,000

Note 16 - Stock Option and Pu_3

Note 16 - Stock Option and Purchase Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant	2,895,771	3,429,771
Share-Based Payment Arrangement, Expense	$ 683,000	$ 491,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 1.67	$ 1.97
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	138,900	687,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 176,000	$ 1,907,000
Share-Based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 1,141,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 8 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested in Period, Fair Value	$ 285,000	515,000
The 2015 Omnibus Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award Award Lapsing Restrictions Period	3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period	5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	3 years
Share-Based Payment Arrangement, Option [Member] | The 2015 Omnibus Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance	3,476,021
Share-Based Payment Arrangement, Option [Member] | The 2020 Omnibus Plan [Member]
Common Stock, Capital Shares Reserved for Future Issuance	4,596,271
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 0	$ 0

Note 16 - Stock Option and Pu_4

Note 16 - Stock Option and Purchase Plans - Estimate Fair Value of Options Granted (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Expected life (years) (Year)	4 years 3 months 18 days	4 years 1 month 6 days
Expected volatility	86.50%	83%
Risk-free interest rates	1.69%	0.79%
Expected dividend yield	0%	0%

Note 16 - Stock Option and Pu_5

Note 16 - Stock Option and Purchase Plans - Summary of Restricted Stock Activity (Details) - Restricted Stock [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Nonvested shares (in shares)	197,500	0
Nonvested shares, weighted average grant date fair value (in dollars per share)	$ 3.16	$ 0
Granted, shares (in shares)	197,500	197,500
Granted, weighted average grant date fair value (in dollars per share)	$ 2.59	$ 3.16
Vested, shares (in shares)	0	0
Vested, weighted average grant date fair value (in dollars per share)	$ 0	$ 0
Forfeited, shares (in shares)	0	0
Forfeited, weighted average grant date fair value (in dollars per share)	$ 0	$ 0
Nonvested shares (in shares)	395,000	197,500
Nonvested shares, weighted average grant date fair value (in dollars per share)	$ 2.88	$ 3.16
Nonvested shares, weighted average remaining term (Year)	1 year 10 months 24 days
Nonvested shares, aggregate intrinsic value	$ 809,000

Note 16 - Stock Option and Pu_6

Note 16 - Stock Option and Purchase Plans - Summary of Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Outstanding, options (in shares)	1,977,250	2,746,250
Outstanding, weighed average exercise price, options (in dollars per share)	$ 1.11	$ 1.10
Granted, options (in shares)	260,000	38,000
Granted, weighed average exercise price, options (in dollars per share)	$ 2.60	$ 3.24
Exercised, options (in shares)	(138,900)	(687,500)
Exercised, weighed average exercise price, options (in dollars per share)	$ 1.11	$ 1.21
Forfeited, options (in shares)	(51,000)	(107,000)
Forfeited, weighed average exercise price, options (in dollars per share)	$ 0.86	$ 0.93
Expired, options (in shares)	(15,500)	(12,500)
Expired, weighed average exercise price, options (in dollars per share)	$ 1.15	$ 0.96
Outstanding, options (in shares)	2,031,850	1,977,250
Outstanding, weighed average exercise price, options (in dollars per share)	$ 1.31	$ 1.11
Outstanding, weighted average remaining term, options (Year)	2 years 7 days
Outstanding, aggregate intrinsic value, options	$ 1,690,000
Exercisable, options (in shares)	907,250
Exercisable, weighed average exercise price, options (in dollars per share)	$ 1.30
Exercisable, weighted average remaing term, options (Year)	10 months 2 days
Exercisable, aggregate intrinsic value, options	$ 676,000

Note 17 - Stockholders' Equit_2

Note 17 - Stockholders' Equity (Details Textual) - shares	Dec. 31, 2022	Dec. 31, 2021
Preferred Stock, Shares Authorized	975,150	975,150
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized	24,850	24,850
Preferred Stock, Shares Authorized (in shares)	0

Note 17 - Stockholders' Equit_3

Note 17 - Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Foreign currency translation adjustments, net of tax	$ (10,458)	$ (11,440)
Accumulated other comprehensive loss	(20,845)	(22,994)
Internal Revenue Service (IRS) [Member]
Employee benefit related adjustments, net of tax	(10,488)	(11,745)
Mexican Tax Authority [Member]
Employee benefit related adjustments, net of tax	$ 101	$ 191

Note 17 - Stockholders' Equit_4

Note 17 - Stockholders' Equity - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance	$ 19,286
Foreign currency translation adjustments, net of tax expense	982	$ (593)
Balance	19,575	19,286
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(11,440)	(10,847)
Foreign currency translation adjustments, net of tax expense	982	(593)
Net actuarial loss for the year, net of tax	0	0
Amortization for the year, net of tax	0	0
Balance	(10,458)	(11,440)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(11,554)	(13,851)
Foreign currency translation adjustments, net of tax expense	0	0
Net actuarial loss for the year, net of tax	607	1,684
Amortization for the year, net of tax	560	613
Balance	(10,387)	(11,554)
AOCI Attributable to Parent [Member]
Balance	(22,994)	(24,698)
Foreign currency translation adjustments, net of tax expense	982	(593)
Net actuarial loss for the year, net of tax	607	1,684
Amortization for the year, net of tax	560	613
Balance	$ (20,845)	$ (22,994)

Note 18 - Income Taxes (Details

Note 18 - Income Taxes (Details Textual)			12 Months Ended
	Feb. 23, 2023 USD ($)	Feb. 23, 2023 MXN ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21%
Deferred Tax Assets, Foreign Deferred Revenue and Other Provision			$ 2,367,000	$ 2,548,000
Unrecognized Tax Benefits, Ending Balance			200,000
State and Local Jurisdiction [Member]
Income Taxes Paid			3,000	6,000
Proceeds from Income Tax Refunds			0	0
Operating Loss Carryforwards			108,063,000
Operating Loss Carryforwards, Subject to Expiration			103,141,000
Operating Loss Carryforwards, Not Subject to Expiration			4,922,000
State and Local Jurisdiction [Member] | FL [Member]
Operating Loss Carryforwards			59,901,000
State and Local Jurisdiction [Member] | Kentucky 1 [Member]
Operating Loss Carryforwards			48,162,000
Foreign Tax Authority [Member]
Income Taxes Paid			934,000	211,000
Proceeds from Income Tax Refunds			0	0
Foreign Tax Authority [Member] | Mexican Tax Authority [Member] | Subsequent Event [Member]
Tax Assessment of the Company	$ 1,150,000	$ 20,922,000
Domestic Tax Authority [Member]
Income Taxes Paid			0	0
Proceeds from Income Tax Refunds			0	$ 0
Operating Loss Carryforwards			146,548,000
Operating Loss Carryforwards, Subject to Expiration			135,646,000
Operating Loss Carryforwards, Not Subject to Expiration			$ 10,902,000

Note 18 - Income Taxes - Compon

Note 18 - Income Taxes - Components of Income (Loss) From Continuing Operations Before Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Domestic	$ (4,661)	$ 408
Foreign	3,115	3,588
(Loss) income before income taxes	$ (1,546)	$ 3,996

Note 18 - Income Taxes - Comp_2

Note 18 - Income Taxes - Components of Income Tax Expense (Benefit) Applicable to Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal	$ 0	$ 0
State	3	6
Foreign	616	52
Total current income tax expense	619	58
Deferred:
Federal	0	0
State	0	0
Foreign	329	1,015
Total deferred income tax expense	329	1,015
Income tax expense, net	$ 948	$ 1,073

Note 18 - Income Taxes - Summar

Note 18 - Income Taxes - Summary of Reconciliation of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Federal tax expense at the statutory rate	$ (325)	$ 839
Current year permanent differences	167	(11)
State income taxes, net of federal tax impact	(102)	14
Effect of tax rates of foreign subsidiary	282	323
Currency translation effect on temporary differences	(161)	111
Change in valuation allowance	876	919
State NOL carryforwards	706	(256)
Other	(495)	(866)
Income tax expense, net	$ 948	$ 1,073

Note 18 - Income Taxes - Summ_2

Note 18 - Income Taxes - Summary of Deferred Income Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Compensation and benefit accruals	$ 423,000	$ 328,000
Inventory valuation	889,000	863,000
Federal and state net operating loss carryforwards	35,265,000	35,351,000
Deferred revenue	84,000	21,000
Accounts receivable allowance	18,000	15,000
Defined benefit pension plan	449,000	621,000
Lease liabilities	865,000	1,037,000
Foreign deferred revenue and other provisions	2,367,000	2,548,000
Other	788,000	779,000
Total	41,148,000	41,563,000
Domestic valuation allowance	(38,028,000)	(37,441,000)
Total deferred tax assets	3,120,000	4,122,000
Deferred tax liabilities:
Depreciation	(48,000)	(714,000)
Right-of-use assets, net	(705,000)	(860,000)
Total deferred tax liabilities	(753,000)	(1,574,000)
Net deferred tax asset	$ 2,367,000	$ 2,548,000

Note 19 - Earnings Per Common_3

Note 19 - Earnings Per Common Share (Details Textual)	12 Months Ended
	Dec. 31, 2021 shares
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	38,000

Note 19 - Earnings Per Common_4

Note 19 - Earnings Per Common Share - Reconciliation of Weighted Average Shares Outstanding (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Basic (in shares)	21,729	21,585
Net (loss) income	$ (2,494)	$ 2,923
Basic (in dollars per share)	$ (0.11)	$ 0.14
Weighted average additional shares assuming conversion of potential common shares (in shares)	0	1,416
Less distributed and undistributed earnings allocable to restricted award holders	$ 0	$ (12)
Diluted (in dollars per share)	$ (0.11)	$ 0.13
Diluted (in shares)	21,729	23,001
Net (loss) income allocable to common stockholders	$ (2,494)	$ 2,911

Note 20 - Segment Information_2

Note 20 - Segment Information (Details Textual)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Number of Operating Segments	2
Revenue from Contract with Customer, Including Assessed Tax	$ 110,121,000	$ 97,434,000
International Operation [Member]
Export Sales	3,548,000	4,463,000
Revenues, Total	51,228,000	45,445,000
Long-Lived Assets	9,504,000	7,083,000
Net Assets, Ending Balance	16,866,000	$ 16,336,000
Intersegment Eliminations [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 0

Note 20 - Segment Information -

Note 20 - Segment Information - Financial Information From Reportable Segments - Income Statement (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total net revenue	$ 110,121,000	$ 97,434,000
Total income (loss) before income taxes	(1,546,000)	3,996,000
Total gross profit	14,853,000	14,506,000
Total depreciation and amortization	3,088,000	2,646,000
Total operating income	364,000	1,910,000
Total capital expenditures	3,041,000	2,824,000
Interest expense, net	1,110,000	868,000
Other expense, net	800,000	645,000
Sypris Technologies [Member]
Total net revenue	69,259,000	61,737,000
Total income (loss) before income taxes	2,290,000	2,555,000
Total gross profit	8,550,000	8,115,000
Total depreciation and amortization	2,173,000	1,888,000
Total operating income	3,191,000	3,484,000
Total capital expenditures	2,714,000	2,392,000
Interest expense, net	382,000	281,000
Other expense, net	520,000	647,000
Sypris Electronics [Member]
Total net revenue	40,862,000	35,697,000
Total income (loss) before income taxes	2,529,000	2,812,000
Total gross profit	6,303,000	6,391,000
Total depreciation and amortization	739,000	579,000
Total operating income	2,721,000	2,846,000
Total capital expenditures	327,000	403,000
Interest expense, net	195,000	37,000
Other expense, net	(4,000)	(2,000)
Corporate and Other [Member]
Total income (loss) before income taxes	(6,365,000)	(1,371,000)
Total depreciation and amortization	176,000	179,000
Total operating income	(5,548,000)	(4,420,000)
Total capital expenditures	0	29,000
Interest expense, net	533,000	550,000
Other expense, net	$ 284,000	$ 0

Note 20 - Segment Information_3

Note 20 - Segment Information - Financial Information From Reportable Segments - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Total assets	$ 104,144	$ 79,505
Total liabilities	84,569	60,219
Sypris Technologies [Member]
Total assets	36,875	35,977
Total liabilities	19,492	20,666
Sypris Electronics [Member]
Total assets	47,522	35,599
Total liabilities	56,073	31,030
Corporate and Other [Member]
Total assets	19,747	7,929
Total liabilities	$ 9,004	$ 8,523