Annual report [Section 13 and 15(d), not S-K Item 405]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF ALLOWANCE FOR CREDIT LOSSES

The following table sets forth the activity in the allowance for credit losses for the years ended December 31, 2025, and 2024 (in thousands):

 

    2025     2024  
    Year Ended December 31,  
    2025     2024  
Allowance for credit losses - beginning of year   $ 202     $ 30  
Provision charges     136       219  
Write-off     (29 )     (47 )
Allowance for credit losses - end of year   $ 309     $ 202  

SCHEDULE OF FINANCED LEASED ASSETS

 

    2025     2024  
    Year Ended December 31,  
    2025     2024  
Financed leased assets, gross   $ 2,032     $ 1,601  
Less: accumulated amortization     (1,040 )     (798 )
Financed leased assets, net   $ 992     $ 803  

SCHEDULE OF INTEREST EXPENSE

The Company’s policy is to capitalize interest costs incurred on debt during the construction of projects for its use. A reconciliation of the Company’s total interest cost to “Interest Expense” as reported on its Consolidated Statements of Operations for 2025 and 2024 is as follows:

 

(Amounts in Thousands)   2025     2024  
Interest cost capitalized   $ 231     $  
Interest cost charged to income     230       473  
Total interest   $ 461     $ 473