Air Industries Group
(NYSE MKT:AIRI)

Air Industries Group, an aerospace and defense company, designs, manufactures, and sells structural parts and assemblies for prime defense contractors in the aerospace industry in the United States. The company operates through two segments, Complex Machining and Turbine Engine Components. The Compl...

Website: http://www.airindustriesgroup.com

Full Time Employees: 159

Sector: Industrials

Industry: Aerospace & Defense

Industrials Aerospace

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31

net sales	11,606,000	12,810,000	10,309,000	12,659,000	12,135,000	14,920,000	12,555,000	13,572,000	14,061,000	13,469,000	12,293,000	13,205,000	12,549,000	13,890,000	13,278,000	14,008,000	12,062,000	15,420,000	14,354,000	15,453,000	13,712,000	14,494,000	13,662,000	8,494,000	13,447,000	13,997,000	13,368,000	13,878,000	11,043,000	15,817,000	12,242,000	-646,000	17,278,000	17,084,000	16,153,000	16,658,000	15,710,000	19,363,000	15,184,000	23,498,000	21,076,000	19,057,000	16,811,000	20,364,000	15,154,000	13,360,000	15,453,000	17,817,000	16,052,000	14,639,000	14,325,000
yoy	-4.36%	-14.14%	-17.89%	-6.73%	-13.70%	10.77%	2.13%	2.78%	12.05%	-3.03%	-7.42%	-5.73%	4.04%	-9.92%	-7.50%	-9.35%	-12.03%	6.39%	5.07%	81.93%	1.97%	3.55%	2.20%	-38.80%	21.77%	-11.51%	9.20%	-2248.30%	-36.09%	-7.42%	-24.21%	-103.88%	9.98%	-11.77%	6.38%	-29.11%	-25.46%	1.61%	-9.68%	15.39%	39.08%	42.64%	8.79%	14.30%	-5.59%	-8.74%	7.87%
qoq	-9.40%	24.26%	-18.56%	4.32%	-18.67%	18.84%	-7.49%	-3.48%	4.40%	9.57%	-6.91%	5.23%	-9.65%	4.61%	-5.21%	16.13%	-21.78%	7.43%	-7.11%	12.70%	-5.40%	6.09%	60.84%	-36.83%	-3.93%	4.71%	-3.67%	25.67%	-30.18%	29.20%	-1995.05%	-103.74%	1.14%	5.76%	-3.03%	6.03%	-18.87%	27.52%	-35.38%	11.49%	10.59%	13.36%	-17.45%	34.38%	13.43%	-13.54%	-13.27%	11.00%	9.65%	2.19%
cost of sales	9,004,000	10,980,000	8,014,000	10,631,000	10,101,000	12,479,000	10,614,000	10,928,000	12,155,000	11,319,000	11,065,000	11,035,000	10,669,000	13,180,000	11,036,000	11,586,000	9,984,000	11,581,000	12,340,000	12,850,000	11,915,000	12,433,000	12,006,000	7,880,000	11,266,000	11,034,000	11,177,000	11,604,000	9,683,000	13,506,000	10,239,000	2,265,000	15,121,000	14,165,000	13,451,000	18,911,000	13,713,000	15,208,000	12,363,000	18,661,000	16,898,000	15,160,000	12,442,000	17,221,000	11,597,000	10,007,000	11,408,000	13,602,000	12,309,000	11,009,000	10,678,000
gross profit	2,602,000	1,830,000	2,295,000	2,028,000	2,034,000	2,441,000	1,941,000	2,644,000	1,906,000	2,150,000	1,228,000	2,170,000	1,880,000	710,000	2,242,000	2,422,000	2,078,000	3,839,000	2,014,000	2,603,000	1,797,000	2,061,000	1,656,000	614,000	2,181,000	2,963,000	2,191,000	2,274,000	1,360,000	2,311,000	2,003,000	-2,911,000	2,157,000	2,919,000	2,702,000	-2,253,000	1,997,000	4,155,000	2,821,000	4,837,000	4,178,000	3,897,000	4,369,000	3,143,000	3,557,000	3,353,000	4,045,000	4,215,000	3,743,000	3,630,000	3,647,000
yoy	27.93%	-25.03%	18.24%	-23.30%	6.72%	13.53%	58.06%	21.84%	1.38%	202.82%	-45.23%	-10.40%	-9.53%	-81.51%	11.32%	-6.95%	15.64%	86.27%	21.62%	323.94%	-17.61%	-30.44%	-24.42%	-73.00%	60.37%	28.21%	9.39%	-178.12%	-36.95%	-20.83%	-25.87%	29.21%	8.01%	-29.75%	-4.22%	-146.58%	-52.20%	6.62%	-35.43%	53.90%	17.46%	16.22%	8.01%	-25.43%	-4.97%	-7.63%	10.91%
qoq	42.19%	-20.26%	13.17%	-0.29%	-16.67%	25.76%	-26.59%	38.72%	-11.35%	75.08%	-43.41%	15.43%	164.79%	-68.33%	-7.43%	16.55%	-45.87%	90.62%	-22.63%	44.85%	-12.81%	24.46%	169.71%	-71.85%	-26.39%	35.24%	-3.65%	67.21%	-41.15%	15.38%	-168.81%	-234.96%	-26.10%	8.03%	-219.93%	-212.82%	-51.94%	47.29%	-41.68%	15.77%	7.21%	-10.80%	39.01%	-11.64%	6.08%	-17.11%	-4.03%	12.61%	3.11%	-0.47%
gross margin %	22.42%	14.29%	22.26%	16.02%	16.76%	16.36%	15.46%	19.48%	13.56%	15.96%	9.99%	16.43%	14.98%	5.11%	16.89%	17.29%	17.23%	24.90%	14.03%	16.84%	13.11%	14.22%	12.12%	7.23%	16.22%	21.17%	16.39%	16.39%	12.32%	14.61%	16.36%	450.62%	12.48%	17.09%	16.73%	-13.53%	12.71%	21.46%	18.58%	20.58%	19.82%	20.45%	25.99%	15.43%	23.47%	25.10%	26.18%	23.66%	23.32%	24.80%	25.46%
operating expenses	3,167,000	1,746,000	1,979,000	2,020,000	2,780,000	2,542,000	1,874,000	1,892,000	2,165,000	1,563,000	2,024,000	2,098,000	2,038,000	1,530,000	2,073,000	2,172,000	1,871,000	1,996,000	1,837,000	2,163,000	1,770,000	1,887,000	1,896,000	1,906,000	2,262,000	1,808,000	1,972,000	2,062,000	-1,975,000	-2,901,000	-2,616,000	1,054,000	3,038,000	4,117,000	322,100	4,613,000	4,302,000	4,182,000	4,412,000	4,677,000	4,152,000	3,825,000	3,903,000	3,051,000	2,997,000	3,096,000	2,816,000	2,889,000	2,712,000	2,552,000	2,469,000
income from operations	-565,000	84,000	316,000	8,000	-746,000	-101,000	67,000	752,000	-259,000	587,000	-796,000	72,000	-158,000	156,500	169,000	250,000	207,000	1,843,000	177,000	440,000	27,000	174,000	-240,000	-1,292,000	-81,000	1,155,000	219,000	-63,000	-615,000	973,000	-613,000	-10,160,000	-881,000	-1,198,000	-519,000	-6,866,000	-2,305,000	-27,000	-1,591,000	62,000	26,000	72,000	466,000	-311,000	560,000	257,000	1,229,000	1,326,000	1,031,000	1,078,000	1,178,000
yoy	-24.26%	-183.17%	371.64%	-98.94%	188.03%	-117.21%	-108.42%	944.44%	63.92%	275.08%	-571.01%	-71.20%	-176.33%	-91.51%	-4.52%	-43.18%	666.67%	959.20%	-173.75%	-134.06%	-133.33%	-84.94%	-209.59%	1950.79%	-86.83%	18.71%	-135.73%	-99.38%	-30.19%	-181.22%	18.11%	47.98%	-61.78%	4337.04%	-67.38%	-11174.19%	-8965.38%	-137.50%	-441.42%	-119.94%	-95.36%	-71.98%	-62.08%	-123.45%	-45.68%	-76.16%	4.33%
qoq	-772.62%	-73.42%	3850.00%	-101.07%	638.61%	-250.75%	-91.09%	-390.35%	-144.12%	-173.74%	-1205.56%	-145.57%	-200.96%	-7.40%	-32.40%	20.77%	-88.77%	941.24%	-59.77%	1529.63%	-84.48%	-172.50%	-81.42%	1495.06%	-107.01%	427.40%	-447.62%	-89.76%	-163.21%	-258.73%	-93.97%	1053.23%	-26.46%	130.83%	-92.44%	197.87%	8437.04%	-98.30%	-2666.13%	138.46%	-63.89%	-84.55%	-249.84%	-155.54%	117.90%	-79.09%	-7.32%	28.61%	-4.36%	-8.49%
operating margin %	-4.87%	0.66%	3.07%	0.06%	-6.15%	-0.68%	0.53%	5.54%	-1.84%	4.36%	-6.48%	0.55%	-1.26%	1.13%	1.27%	1.78%	1.72%	11.95%	1.23%	2.85%	0.20%	1.20%	-1.76%	-15.21%	-0.60%	8.25%	1.64%	-0.45%	-5.57%	6.15%	-5.01%	1572.76%	-5.10%	-7.01%	-3.21%	-41.22%	-14.67%	-0.14%	-10.48%	0.26%	0.12%	0.38%	2.77%	-1.53%	3.70%	1.92%	7.95%	7.44%	6.42%	7.36%	8.22%
interest expense	-407,000	-402,000	-380,000	-360,000	-345,000	-357,000	-364,000	-356,000	-344,000
interest expense - related parties	-86,000	-85,000	-86,000	-86,000	-99,000	-118,000	-118,000	-118,000	-118,000	-118,000	-118,000	-118,000	-118,000	-118,000	-118,000	-126,000	-125,000	-84,000	-126,000	-125,000	-125,000	-148,000	-125,000	-125,000	-128,000
other income	38,000	421,000	106,000	16,000	202,000	22,000	11,000	20,000	15,000	42,000	13,000	13,000	16,000	7,000	12,000	32,000	88,000	67,000	88,000	132,000	118,000	67,000	122,000	136,000	105,000	100,000	38,000	31,000	88,000	73,000	16,000	-30,250	7,000	65,000	-193,000	-161,000	4,000	21,000	10,000	16,000	36,000	54,000	8,000	-77,000	-1,000	-62,000	-1,000	393,000	-11,000	-29,000	-25,000
income before income taxes	-1,020,000	-363,500	-44,000	-422,000	-988,000	-203,000	-404,000	298,000	-706,000																				-1,360,000	185,000		-1,544,000	-2,851,000	-2,171,000	-1,154,000	-1,457,750	-3,367,000	-378,000	-2,086,000	-169,750	-389,000	-418,000
provision for income taxes																						2,000				22,000					2,000												-24,000			-725,000	584,000	706,000	-1,795,000	430,000	489,000
net income	-1,020,000	149,000	-44,000	-422,000	-988,000	-554,000	-404,000	298,000	-706,000	181,000	-1,299,000	-395,000	-618,000	-899,000	-142,000	-7,000	-28,000	1,606,000	-66,000	239,000	-152,000	2,099,000	-477,000	-1,584,000	1,058,000	187,000	-735,000	-923,000	-3,130,000	185,000	-1,468,000	-16,545,000	-2,880,000	-1,972,000	-1,154,000	-11,894,000	-2,047,000	-252,000	-1,430,000	-672,000	337,000	-601,000	104,000	-670,000	380,000	616,000	341,000	700,000	2,534,000	226,000	279,000
yoy	3.24%	-126.90%	-89.11%	-241.61%	39.94%	-406.08%	-68.90%	-175.44%	14.24%	-120.13%	814.79%	5542.86%	2107.14%	-155.98%	115.15%	-102.93%	-81.58%	-23.49%	-86.16%	-115.09%	-114.37%	1022.46%	-35.10%	71.61%	-133.80%	1.08%	-49.93%	-94.42%	8.68%	-109.38%	27.21%	39.10%	40.69%	682.54%	-19.30%	1669.94%	-707.42%	-58.07%	-1475.00%	0.30%	-11.32%	-197.56%	-69.50%	-195.71%	-85.00%	172.57%	22.22%
qoq	-784.56%	-438.64%	-89.57%	-57.29%	78.34%	37.13%	-235.57%	-142.21%	-490.06%	-113.93%	228.86%	-36.08%	-31.26%	533.10%	1928.57%	-75.00%	-101.74%	-2533.33%	-127.62%	-257.24%	-107.24%	-540.04%	-69.89%	-249.72%	465.78%	-125.44%	-20.37%	-70.51%	-1791.89%	-112.60%	-91.13%	474.48%	46.04%	70.88%	-90.30%	481.05%	712.30%	-82.38%	112.80%	-299.41%	-156.07%	-677.88%	-115.52%	-276.32%	-38.31%	80.65%	-51.29%	-72.38%	1021.24%	-19.00%
net income margin %	-8.79%	1.16%	-0.43%	-3.33%	-8.14%	-3.71%	-3.22%	2.20%	-5.02%	1.34%	-10.57%	-2.99%	-4.92%	-6.47%	-1.07%	-0.05%	-0.23%	10.42%	-0.46%	1.55%	-1.11%	14.48%	-3.49%	-18.65%	7.87%	1.34%	-5.50%	-6.65%	-28.34%	1.17%	-11.99%	2561.15%	-16.67%	-11.54%	-7.14%	-71.40%	-13.03%	-1.30%	-9.42%	-2.86%	1.60%	-3.15%	0.62%	-3.29%	2.51%	4.61%	2.21%	3.93%	15.79%	1.54%	1.95%
loss per share - basic and diluted	-0.21				-0.27				-0.21	0.06	-0.4
weighted-average shares outstanding - basic and diluted	4,781,003	4,216,918			3,639,337	3,336,464			3,314,420	3,278,513	3,286,682	3,265,727	3,258,478
loss per share - basic		-0.09	-0.01			-0.06	-0.12																									-0.128	-0.21	-0.36	-0.15			-0.04
loss per share - diluted		-0.09	-0.01			-0.06	-0.12																									-0.128	-0.21	-0.36	-0.15			-0.04
weighted-average shares outstanding - basic			4,146,724	3,731,335			3,338,705								3,232,467	32,213,769	32,183,221	32,049,372	32,074,053	32,021,522	31,971,922	30,742,154			30,380,234					26,013,426			13,463,372	7,650,165	7,650,165	7,579,419	7,610,220	7,587,763	7,584,765	7,478,223	7,559,501	7,557,427	7,236,442	6,591,755	7,092,655	6,276,481	5,863,564	5,739,014	5,711,093	5,711,093	5,711,093
weighted-average shares outstanding - diluted			4,146,724	3,731,335			3,338,705								3,232,467	32,213,769	32,183,221	36,424,175	32,074,053	37,991,914	31,971,922	36,747,083			36,521,454								13,463,372	7,650,165	7,650,165	7,579,419	7,610,220	7,587,763	7,584,765	7,478,223	7,686,287	7,557,427	7,521,520	6,915,688	7,388,686	6,597,804	6,125,909	5,932,726	5,854,015	5,789,157	5,809,572
income per share - basic				-0.11										-0.013	-0.04																					-0.135	-0.3		-0.19	-0.09	0.04	-0.08	0.01	-0.11	0.05	0.1	0.06	0.12	0.44	0.04	0.05
income per share - diluted				-0.11										-0.013	-0.04																					-0.135	-0.3		-0.19	-0.09	0.04	-0.08	0.01	-0.1	0.05	0.09	0.06	0.11	0.43	0.04	0.05
income per share – basic								0.09
income per share – diluted								0.08
weighted-average shares outstanding – basic								3,318,620						3,227,116														28,601,390	26,768,914		26,116,262	13,230,775
weighted-average shares outstanding – diluted								3,724,420						3,227,116														28,601,390			26,116,262	13,230,775
interest and financing costs										-279,500	-398,000	-362,000	-358,000	-285,000	-205,000	-163,000	-198,000	-220,000	-205,000	-208,000	-172,000			-303,000	-252,000	-835,000	-992,000	-963,000	-833,000	-861,000	-777,000	267,000	-1,877,000	-875,000	-893,000	-825,000	-894,000	-372,000	-505,000	-517,000	-451,000	-544,000	-346,000	-428,000	-260,000	-304,000	-303,000	-313,000	-281,000	-393,000	-385,000
income before provision for income taxes										-578,000	-1,299,000			-899,000	-142,000	-7,000	-28,000					2,331,000	-477,000			420,000					-1,374,000												128,000			-109,000	925,000	1,406,000	739,000	656,000	768,000
loss before benefit from income taxes												-395,000	-618,000								-152,000			-1,584,000	-356,000
income per share - basic and diluted												-0.12	-0.19
income before benefit from income taxes																		1,606,000	-66,000	239,000																								278,750	299,000
provision for (benefit) from income taxes
net income per share																				0.01										0.01
benefit from income taxes																									-1,414,000									199,000		525,500	1,320,000	126,000	656,000	-233,000	726,000	-183,000		590,000	-81,000
loss on abandonment of leases																												-275,000
interest expense – third parties																						-197,250	-234,000
income from continuing operations																						-250,750	-477,000		1,058,000	398,000
loss from discontinued operations, net of tax																															-92,000
continuing operations																						-0.008	-0.02	-0.05	0.04	0.01	-0.03	-0.03	-0.05		0.05
discontinued operations																										-0.01			-0.07
weighted-average shares outstanding - basic - continuing operations																							30,620,990
weighted-average shares outstanding - diluted - continuing operations																							30,620,990
weighted-average shares outstanding - basic and diluted - discontinued operations																							30,620,990
loss from continuing operations																								-1,584,000				-995,000	-1,360,000		-1,376,000
income from discontinued operations, net of tax																												72,000
weighted-average shares outstanding - basic and diluted - continuing operations																								30,552,147
weighted-average shares outstanding - basic - discontinued operations																								30,552,147
weighted-average shares outstanding - diluted - discontinued operations																								30,552,147
loss on lease abandonment
loss from discontinued operations, net of income tax																										-211,000
weighted-average shares outstanding – basic – continuing operations																										28,909,072
weighted-average shares outstanding – diluted – continuing operations																										29,040,530
weighted-average shares outstanding – basic and diluted – discontinued operations																										28,909,072
net income from continuing operations																											-735,000
income from discontinued operations, net of income tax
weighted-average shares outstanding – basic and diluted – continuing operations																											28,770,983
weighted-average shares outstanding – basic – discontinued operations																											28,770,983
weighted-average shares outstanding – diluted – discontinued operations																											28,770,983
loss before benefit from for income taxes																												-995,000
loss on extinguishment of debt																																38,000	-150,000			-43,000	-172,000
gain on sale of subsidiary																																-138,000	50,000	-163,000	451,000
gain from discontinued operations, net of tax																													-1,770,000
less: cumulative preferred stock dividends																																-228,250		-764,000		-83,500	-252,000	-82,000
net loss attributable to common stockholders																													-3,130,000			-1,729,750	-2,880,000	-2,736,000				-334,000
weighted-average shares outstanding- diluted																													26,805,672	26,079,377
gain on change to plan to assets held for sale																														1,563,000
net income attributable to common stockholders																														185,000						-1,015,750	-2,299,000
expense from income taxes																																42,500	-29,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2019-12-31	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31

assets
current assets
cash	286,000	680,000	126,000	507,000	285,000	753,000	186,000	247,000	225,000	346,000	740,000	837,000	1,125,000	281,000	192,000	930,000
restricted cash	3,930,000	3,930,000	3,930,000
accounts receivable	7,485,000	7,071,000	6,745,000		6,783,000	8,900,000	7,259,000	7,533,000	8,035,000	7,892,000	5,221,000	8,142,000	7,273,000	9,483,000	8,658,000	9,078,000	7,558,000	10,473,000	10,546,000	12,210,000	7,858,000	9,863,000			10,039,000	9,906,000			9,935,000	11,333,000	9,811,000		13,966,000	11,749,000	12,484,000	11,916,000	8,806,000	9,474,000	12,909,000	8,584,000	10,548,000	9,009,000	9,509,000
inventory	35,282,000	34,261,000	34,427,000	30,187,000	28,935,000	28,811,000	30,509,000	29,178,000	29,359,000	29,851,000	31,348,000	32,767,000	32,444,000	31,821,000	33,408,000	32,988,000	31,999,000	29,532,000	29,359,000	30,209,000	28,646,000	39,045,000	30,887,000	31,141,000	39,242,000	39,589,000	38,132,000	39,851,000	43,026,000	40,532,000	40,657,000	36,923,000	38,932,000	33,283,000	31,498,000	28,391,000	30,686,000	29,268,000	26,816,000	26,222,000	28,135,000	28,247,000	27,464,000
prepaid expenses and other current assets	1,140,000	766,000	509,000	388,000	366,000	371,000	314,000	268,000	345,000	297,000	235,000	222,000	288,000	307,000	250,000	226,000	258,000	226,000	328,000	218,000	447,000	414,000	349,000	214,000	550,000	431,000	659,000	557,000	1,328,000	1,405,000	1,444,000	1,583,000	823,000	761,000	543,000	875,000	209,000	465,000	422,000	510,000	186,000	357,000	420,000
prepaid taxes	77,000	76,000	76,000	76,000	58,000	56,000	55,000	55,000	37,000	37,000	28,000	29,000	29,000	28,000	25,000	27,000	22,000	22,000	19,000	19,000		49,000	49,000	49,000	21,000	49,000	231,000	409,000
total current assets	48,200,000	46,784,000	45,813,000	38,133,000	36,427,000	39,187,000	38,619,000	37,577,000	38,297,000	38,719,000	37,868,000	42,293,000	41,455,000	42,216,000	42,533,000	43,249,000	40,201,000	40,880,000	40,944,000	43,171,000	38,245,000	49,776,000	49,861,000	47,580,000	50,260,000	50,401,000	47,551,000	56,221,000	55,586,000	56,423,000	56,312,000	56,122,000	56,057,000	48,365,000	48,420,000	44,021,000	42,579,000	41,596,000	41,948,000	36,928,000	39,648,000	38,584,000	38,362,000
property and equipment	9,215,000	9,501,000	9,882,000	9,735,000	9,446,000	8,809,000	8,521,000	8,763,000	8,031,000	8,048,000	9,285,000	9,420,000	8,948,000	8,593,000	8,478,000	8,423,000	8,169,000	8,404,000	8,459,000	8,795,000	7,578,000	9,996,000	9,529,000	10,050,000	10,773,000	11,112,000	11,580,000	12,219,000	16,238,000	17,029,000	15,264,000	15,299,000	15,967,000	14,494,000	14,693,000	9,557,000	5,743,000	6,095,000	6,158,000	6,523,000	5,652,000	5,129,000	5,526,000
finance lease right-of-use-assets	867,000	916,000	966,000	1,015,000	1,064,000	1,113,000	1,161,000	1,211,000		970,000
operating lease right-of-use-assets	346,000	514,000	676,000	833,000	1,008,000	1,190,000	1,366,000	1,537,000		1,866,000	2,024,000	2,178,000	2,327,000	2,473,000
deferred financing costs, net, deposits and other assets	588,000	614,000	614,000	661,000	443,000	712,000	698,000	731,000	1,298,000	1,112,000	542,000	493,000	627,000	532,000	989,000	1,020,000	1,026,000	960,000	809,000	851,000	1,481,000	1,165,000	737,000	665,000	2,152,000	1,355,000		1,096,000	1,136,000	1,159,000	963,000	1,094,000	1,205,000	1,153,000	1,223,000
total assets	59,216,000	58,329,000	57,951,000	50,377,000	48,388,000	51,011,000	50,365,000	49,819,000	50,262,000	50,715,000	49,719,000	54,384,000	53,357,000	53,814,000	54,778,000	55,608,000	52,446,000	53,425,000	53,521,000	56,250,000	51,090,000	63,402,000	62,606,000	60,755,000	76,265,000	75,866,000	73,627,000	82,800,000	91,940,000	90,051,000	88,120,000	88,250,000	89,168,000	78,579,000	77,813,000	65,920,000	59,116,000	58,407,000	54,554,000	50,172,000	53,787,000	50,847,000	51,422,000
liabilities and stockholders’ equity
current liabilities
debt	25,102,000	23,721,000	22,227,000	18,727,000	18,096,000	18,362,000	17,066,000	16,984,000	16,309,000	16,036,000
accounts payable and accrued expenses	7,178,000	7,903,000	9,058,000	8,264,000	6,463,000	7,015,000	7,101,000	5,603,000	6,275,000	6,091,000	7,290,000	8,269,000	7,689,000	7,542,000	6,979,000	7,781,000	7,042,000	6,723,000	7,023,000	7,388,000	8,105,000	12,858,000	10,750,000	10,872,000	12,212,000	15,017,000	15,333,000	16,160,000	14,375,000	12,805,000	12,994,000	12,053,000	13,327,000	8,132,000	8,827,000	6,948,000	6,280,000	7,780,000	7,560,000	6,855,000	7,222,000	7,412,000	7,291,000
subordinated notes - related party	4,871,000	4,871,000	4,871,000	4,871,000	4,871,000	6,162,000	6,162,000	6,162,000	6,162,000	6,162,000
operating lease liabilities	473,000	702,000	925,000	896,000	871,000	881,000	890,000	900,000	907,000	880,000
deferred gain on sale	19,000	28,000	38,000	38,000	38,000	38,000
customer deposits	968,000	391,000	442,000	442,000	583,000	1,115,000	1,717,000	2,261,000	3,158,000	3,557,000	3,476,000	467,000	508,000	781,000	1,291,000	1,417,000																			190,000	158,000				251,000
total current liabilities	38,611,000	37,616,000	37,561,000	28,367,000	26,051,000	27,411,000	26,812,000	25,786,000	26,687,000	26,602,000	25,561,000	24,553,000	23,488,000	23,616,000	24,196,000	24,347,000	22,800,000	23,402,000	23,942,000	26,424,000	32,622,000	40,519,000	40,424,000	38,049,000	37,186,000	47,728,000	44,455,000	53,318,000	49,623,000	49,682,000	55,231,000	53,956,000	54,805,000	44,458,000	34,156,000	27,845,000	23,249,000	22,730,000	28,647,000	24,397,000	28,876,000	27,032,000	27,385,000
long term liabilities
total liabilities	40,071,000	39,128,000	39,108,000	35,111,000	33,099,000	36,063,000	35,685,000	34,925,000	35,716,000	35,525,000	34,770,000	38,218,000	37,037,000	36,975,000	37,142,000	37,939,000	34,965,000	36,036,000	37,874,000	40,736,000	40,884,000	45,140,000	45,047,000	42,989,000	45,839,000	51,679,000	48,716,000	57,910,000	59,674,000	56,507,000	60,718,000	59,445,000	60,177,000	48,814,000	46,342,000	37,648,000	28,059,000	27,741,000	33,494,000	28,559,000	33,178,000	32,063,000	32,513,000
commitments and contingencies
stockholders’ equity
preferred stock - par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both march 31, 2026 and december 31, 2025.
common stock - par value .001 - authorized 6,000,000 shares, 4,781,054 and 4,776,454 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively	5,000
additional paid-in capital	90,572,000	89,608,000	89,399,000	85,779,000	85,380,000	84,052,000	83,230,000	83,040,000	82,990,000	82,928,000	82,868,000	82,786,000	82,545,000	82,446,000	82,344,000	82,206,000	82,011,000	81,891,000	81,755,000	81,556,000	77,434,000	73,050,000	72,534,000	71,272,000	67,397,000	58,286,000	57,038,000	55,862,000	51,644,000	50,575,000	44,182,000	44,155,000	43,669,000	44,780,000	45,885,000		44,905,000	44,894,000	35,905,000	36,799,000	36,495,000	37,203,000	37,555,000
accumulated deficit	-71,432,000	-70,412,000	-70,561,000	-70,517,000	-70,095,000	-69,107,000	-68,553,000	-68,149,000	-68,447,000	-67,741,000	-67,922,000	-66,623,000	-66,228,000	-65,610,000	-64,711,000	-64,569,000	-64,562,000	-64,534,000	-66,140,000	-66,074,000	-67,257,000	-54,814,000	-55,001,000	-53,531,000	-36,986,000	-34,107,000	-32,135,000	-30,980,000	-19,386,000	-17,039,000	-16,787,000	-15,357,000	-14,685,000	-15,022,000	-14,421,000		-13,855,000	-14,235,000	-14,851,000	-15,192,000	-15,892,000	-18,425,000	-18,652,000
total stockholders’ equity	19,145,000	19,201,000	18,843,000		15,289,000	14,948,000	14,680,000	14,894,000	14,546,000	15,190,000	14,949,000	16,166,000	16,320,000	16,839,000	17,636,000	17,669,000	17,481,000	17,389,000		15,514,000
total liabilities and stockholders’ equity	59,216,000	58,329,000	57,951,000		48,388,000	51,011,000	50,365,000	49,819,000	50,262,000	50,715,000	49,719,000	54,384,000	53,357,000	53,814,000	54,778,000	55,608,000	52,446,000	53,425,000		56,250,000
contract costs receivable						296,000	296,000	296,000	296,000	296,000	296,000	296,000	296,000	296,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both december 31, 2025 and december 31, 2024.
common stock - par value .001 - authorized 6,000,000 shares, 4,776,454 and 3,474,970 shares issued and outstanding as of december 31, 2025 and december 31, 2024, respectively		5,000
preferred stock - par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both september 30, 2025 and december 31, 2024.
common stock - par value .001 - authorized 20,000,000 shares, 4,771,954 and 3,474,970 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively			5,000
of 368,000 and 396,000				6,975,000
liabilities and stockholders' equity
stockholders' equity
preferred stock - par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both june 30, 2025 and december 31, 2024.
common stock - par value .001 - authorized 20,000,000 shares, 3,862,103 and 3,474,970 shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively				4,000
total stockholders' equity				15,266,000															15,647,000		10,206,000	18,262,000	17,559,000	17,766,000	30,426,000	24,187,000	24,911,000	24,890,000	32,266,000	33,544,000	27,402,000	28,805,000	28,991,000	29,765,000	31,471,000		31,057,000	30,666,000	21,060,000	21,613,000	20,609,000	18,784,000	18,909,000
total liabilities and stockholders' equity				50,377,000															53,521,000		51,090,000	63,402,000	62,606,000	60,755,000	76,265,000	75,866,000	73,627,000	82,800,000	91,940,000	90,051,000	88,120,000	88,250,000	89,168,000	78,579,000	77,813,000		59,116,000	58,407,000	54,554,000	50,172,000	53,787,000	50,847,000	51,422,000
preferred stock - par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both march 31, 2025 and december 31, 2024.
common stock - par value .001 - authorized 6,000,000 shares, 3,694,095 and 3,474,970 shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively					4,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both december 31, 2024 and december 31, 2023.
common stock - par value .001 - authorized 6,000,000 shares, 3,474,970 and 3,303,045 shares issued and outstanding as of december 31, 2024 and december 31, 2023, respectively						3,000
deferred gain on sale - leaseback							38,000			38,000
preferred stock - par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both september 30, 2024 and december 31, 2023.
common stock - par value .001 - authorized 6,000,000 shares, 3,350,791 and 3,303,045 shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively							3,000
deferred gain on sale – leaseback								38,000	38,000	67,000
preferred stock - par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both june 30, 2024 and december 31, 2023.
common stock - par value .001 - authorized 6,000,000 shares, 3,324,785 and 3,303,045 shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively								3,000
finance lease right-of-use assets									932,000
operating lease right-of-use assets									1,704,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both march 31, 2024 and december 31, 2023.
common stock - par value .001 - authorized 6,000,000 shares, 3,315,368 and 3,303,045 shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively									3,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both december 31, 2023 and december 31, 2022.
common stock - par value .001 - authorized 6,000,000 shares, 3,303,045 and 3,247,937 shares issued and outstanding at december 31, 2023 and december 31, 2022, respectively										3,000
debt - current portion											13,903,000	14,951,000	14,450,000	14,477,000	14,820,000	14,066,000
operating lease liabilities - current portion											854,000	828,000	803,000	778,000	754,000	731,000	708,000	686,000	664,000	643,000	697,000
deferred gain on sale - current portion											38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000		38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000
long-term liabilities
debt - net of current portion											1,156,000	5,381,000	5,040,000	4,629,000	4,001,000	4,191,000
subordinated notes payable - related party											6,162,000	6,162,000	6,162,000	6,162,000		6,412,000
operating lease liabilities - net of current portion											1,815,000	2,036,000	2,252,000	2,463,000	2,669,000	2,865,000	3,055,000	3,241,000	3,423,000	3,595,000	4,235,000
deferred gain on sale - net of current portion											76,000	86,000	95,000	105,000	114,000	124,000	133,000	143,000	152,000	162,000	219,000	276,000	285,000	295,000	304,000	314,000	323,000	333,000	342,000	352,000	361,000	371,000	381,000	390,000	399,000	409,000	418,000	428,000	437,000	447,000	456,000	466,000	475,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both september 30, 2023 and december 31, 2022.
common stock - par value .001 - authorized 6,000,000 shares, 3,289,827 and 3,247,937 shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively											3,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both june 30, 2023 and december 31, 2022.
common stock - par value .001 - authorized 6,000,000 shares, 3,274,597 and 3,247,937 shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively												3,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both march 31, 2023 and december 31, 2022.
common stock - par value .001 - authorized 6,000,000 shares, 3,259,367 and 3,247,937 shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively													3,000
goodwill															163,000	163,000	163,000	163,000	163,000	163,000	163,000	272,000	272,000	272,000	9,883,000	9,883,000	9,883,000	9,883,000	10,518,000	10,518,000	10,518,000	10,518,000	9,324,000	8,719,000	7,397,000	5,434,000	4,620,000	4,514,000	453,000	453,000	453,000	453,000	453,000
liability related to the sale of future proceeds from disposition of subsidiary
deferred payroll tax liability - cares act															314,000	314,000
commitments and contingency
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both december 31, 2022 and december 31, 2021.
common stock - par value .001 - authorized 6,000,000 shares, 3,247,937 and 3,212,801 shares issued and outstanding as of december 31, 2022 and december 31, 2021, respectively														3,000
operating lease right-of-use-asset															2,615,000	2,753,000	2,887,000	3,018,000	3,146,000	3,270,000
subordinated notes payable - related parties															6,162,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both september 30, 2022 and december 31, 2021.
common stock - par value .001 - authorized 6,000,000 shares, 3,232,467 and 3,212,801 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively															3,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both june 30, 2022 and december 31, 2021.
common stock - par value .001 - authorized 60,000,000 shares, 32,247,513 and 32,128,006 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively																32,000
cash and cash equivalents																	364,000	627,000	692,000	515,000	1,294,000	405,000	1,415,000	630,000	408,000	426,000	1,043,000	1,304,000	1,297,000	759,000	369,000	529,000	791,000	1,214,000	2,458,000	1,418,000	1,568,000	1,169,000	687,000	561,000	771,000	955,000	966,000
notes payable and finance lease obligations - current portion																	13,278,000	14,112,000	14,285,000	16,266,000	15,682,000
deferred revenue																	1,415,000	1,470,000	1,488,000	1,590,000	1,011,000	929,000	938,000	931,000	1,226,000	703,000	722,000	946,000	1,070,000	1,245,000	1,310,000	958,000	893,000	453,000
liability related to the sale of future proceeds from disposition of subsidiary - current portion																	5,000	59,000		185,000	200,000
deferred payroll tax liability - cares act - current portion																	314,000	314,000	314,000	314,000
notes payable and finance lease obligations - net of current portion																	2,565,000	2,838,000	3,632,000	3,830,000	3,406,000
notes payable - related party																	6,412,000			6,412,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both march 31, 2022 and december 31, 2021.
common stock - par value .001 - authorized 60,000,000 shares, 32,183,221 and 32,128,006 shares issued and outstanding as of march 31, 2022 and december 31, 2021, respectively																	32,000
notes payable - related party - net of current portion																		6,412,000	6,412,000						1,763,000
liability related to the sale of future proceeds from disposition of subsidiary - net of current portion																					402,000
deferred payroll tax liability - cares act - net of current portion																			313,000	313,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both december 31, 2021 and december 31, 2020.
common stock - par value .001 - authorized 60,000,000 shares, 32,128,006 and 31,906,971 shares issued and outstanding as of december 31, 2021 and december 31, 2020, respectively																		32,000
liability related to the sale of future proceeds from
disposition of subsidiary - current portion																			130,000
disposition of subsidiary - net of current portion
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both september 30, 2021 and december 31, 2020.
common stock - par value .001 - authorized 60,000,000 shares, 32,077,530 and 31,906,971 shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively																			32,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 shares outstanding, at both june 30, 2021 and december 31, 2020.
common stock - par value .001 - authorized 60,000,000 shares, 32,037,547 and 31,906,971 shares issued and outstanding as of june 30, 2021 and december 31, 2020, respectively																				32,000
operating lease right-of-use asset																					3,623,000
notes payable - related party - current portion																					6,862,000						1,846,000
income taxes payable																					27,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	34,000	22,000	24,000	14,000			105,000	71,000	382,000	1,770,000	2,112,000	1,496,000	1,199,000	2,400,000	1,941,000
deferred rent																						1,325,000	1,189,000	1,197,000	1,316,000	1,305,000	1,294,000	1,288,000	1,216,000	1,212,000	1,209,000	1,206,000	1,202,000	1,194,000	1,185,000	1,177,000	1,189,000	1,170,000	1,151,000	1,132,000	1,113,000	1,094,000	1,076,000
preferred stock, par value .001 - authorized 3,000,000 shares, 0 outstanding at december 31, 2019 and 2018
common stock - par value .001 - authorized 60,000,000 shares, 29,478,338 and 28,392,853 shares issued and outstanding as of december 31, 2019 and december 31, 2018, respectively																					29,000
capitalized engineering costs - net of accumulated amortization of 5,692,000 and 5,380,000, respectively																						2,193,000
intangible assets																									1,124,000	1,173,000	1,450,000	1,754,000	2,893,000	3,213,000	3,532,000	3,852,000	4,192,000	3,899,000	4,206,000	4,513,000	3,854,000	4,144,000	4,435,000	4,726,000	5,017,000	5,308,000	5,598,000
notes payable and capitalized lease obligations - current portion																						25,432,000	24,339,000	23,131,000	23,190,000	28,374,000	26,496,000	33,999,000	34,106,000	35,572,000	40,865,000	40,893,000	39,401,000	34,676,000	23,831,000	19,508,000	16,315,000	11,840,000	17,735,000	14,969,000	19,626,000	16,746,000	17,675,000
notes payable – related party – current portion																						1,242,000	1,542,000	262,000	500,000	3,576,000
notes payable and capitalized lease obligations - net of current portion																						1,237,000	1,533,000	1,798,000	5,270,000				8,493,000	5,261,000	3,917,000	3,912,000	3,785,000	2,768,000	10,598,000	8,213,000
notes payable – related party – net of current portion																						1,783,000	1,616,000	1,650,000
preferred stock, par value .001 - authorized 3,000,000 shares, outstanding: 0 at june 30, 2018 and december 31, 2017.
common stock - par value .001 - authorized 50,000,000 shares, 26,427,594 and 25,213,805 shares issued and outstanding as of june 30, 2018 and december 31, 2017, respectively																						26,000
of 763,000 and 494,000, respectively																							6,749,000
assets held for sale																							10,412,000	10,082,000				6,050,000			1,675,000	1,700,000
capitalized engineering costs - net of accumulated amortization
of 5,525,000 and 5,380,000, respectively																							2,207,000
liabilities directly associated with assets held for sale																							2,797,000	2,795,000				2,155,000
preferred stock, par value .001 - authorized 3,000,000 shares, designated as series a convertible preferred stock – par value 0.001, authorized and outstanding: 0 at march 31, 2018 and december 31, 2017.
common stock - par value .001 - authorized 50,000,000 shares, 26,205,341 and 25,213,805 shares issued and outstanding as of march 31, 2018 and december 31, 2017, respectively																							26,000
of 494,000 and 403,000, respectively																								5,464,000
of 5,380,000 and 4,957,000, respectively																								2,188,000
preferred stock, par value .001 - authorized 3,000,000 shares, designated as series a convertible preferred stock – par value 0.001, authorized 0 at december 31, 2017 and 2,000,000 shares at december 31, 2016; 0 and 1,202,548 outstanding at december 31, 2017 and 2016
common stock - par value .001 - authorized 50,000,000 shares, 25,213,805 and 7,650,165 shares issued and outstanding as of december 31, 2017 and december 31, 2016, respectively																								25,000
current assets:
capitalized engineering costs - net of accumulated amortization of 5,236,000 and 4,957,000, respectively																									2,073,000
current liabilities:
deferred gain on gale - current portion																									38,000
stockholders' equity:
preferred stock - par value .001 - authorized 3,000,000 shares:
shares designated as series a convertible preferred stock, par value .001, authorized 2,000,000 shares, 1,294,441 shares and 1,202,548 shares issued and outstanding at september 30 , 2017 and december 31, 2016, respectively, aggregate liquidation preference 12,944,410 and 12,025,480, respectively																									1,000
common stock - par value . 001 - authorized 25,000,000 shares, 14,252,820 and 7,650,165 shares issued and outstanding as of september 30, 2017 and december 31, 2016, respectively																									14,000
capitalized engineering costs - net of accumulated amortization of 4,793,000 and 4,957,000, respectively																										1,942,000
notes payable and capitalized lease obligations -
net of current portion																										2,332,000	2,644,000	2,971,000
shares designated as series a convertible preferred stock, par value .001, authorized 2,000,000 shares, 1,294,441 shares and 1,202,548 shares issued and outstanding at june 30 , 2017 and december 31, 2016, respectively, aggregate liquidation preference 12,944,410 and 12,025,480, respectively																										1,000
common stock - par value . 001 - authorized 25,000,000 shares, 7,650,165 and 7,650,165 shares issued and outstanding as of june 30, 2017 and december 31, 2016, respectively																										7,000
accounts of 672,000 and 756,000, respectively																											7,486,000
capitalized engineering costs - net of accumulated
amortization of 5,038,000 and 4,957,000, respectively																											1,791,000
deferred financing costs, net, deposits																											1,372,000
shares designated as series a convertible preferred stock, par value .001, authorized 2,000,000 shares, 1,247,668 shares and 1,202,548 shares issued and outstanding at march 31, 2017 and december 31, 2016, respectively, aggregate liquidation preference 12,476,680 and 12,025,480, respectively																											1,000
common stock - par value . 001 - authorized
25,000,000 shares, 7,626,945 and
7,651,945 shares issued and outstanding as of
march 31, 2017 and december 31, 2016, respectively																											7,000
accounts of 756,000 and 985,000, respectively																												8,050,000
deferred tax asset																													4,178,000	2,394,000	2,356,000	1,725,000	1,545,000	1,358,000	1,437,000	1,421,000	1,310,000	1,220,000	1,114,000	1,051,000	1,625,000
amortization of 4,957,000 and 4,595,000, respectively																												1,627,000
preferred stock, par value . 001-authorized 2,000,000 shares
designated as series a convertible preferred stock - par value
. 001, authorized 1,000,000 shares, 1,202,548 shares and -0-
shares issued and outstanding as of december 31, 2016 and
2015, respectively, aggregate liquidation preference 12,025,480
and 0 as of december 31, 2016 and 2015, respectively.																												1,000
7,560,040 shares issued and outstanding as of
december 31, 2016 and 2015, respectively																												7,000
assets held for sale net
capitalized engineering costs - net of accumulated amortization of 4,875,000 and 4,595,000, respectively																													1,391,000
prpreferred stock, par value .001-authorized 1,000,000 shares designated as series a convertible preferred stock - par value .001, authorized 900,000 shares, 732,297 shares and 0 shares issued and outstanding as of september 30, 2016 and december 31, 2015, respectively, aggregate liquidation preference 7,322,970 and 0 as of september 30, 2016 and december 31,2015, respectively.																													1,000
common stock - par value .001 - authorized 25,000,000 shares, 7,583,165 and 7,560,040 shares issued and outstanding as of september 30, 2016 and december 31, 2015, respectively																													7,000
capitalized engineering costs - net of accumulated amortization of 4,793,000 and 4,595,000, respectively																														1,222,000
preferred stock, par value .001-authorized 1,000,000 shares designated as series a convertible preferred stock - par value .001, authorized 900,000 shares, 700,000 shares and 0 shares issued and outstanding as of june 30, 2016 and december 31, 2015, respectively, aggregate liquidation preference 7,000,000																														1,000
common stock - par value .001 - authorized 25,000,000 shares, 7,583,165 and 7,560,040 shares issued and outstanding as of june 30, 2016 and december 31, 2015, respectively																														7,000
capitalized engineering costs - net of accumulated amortization of 4,701,000 and 4,595,000, respectively																															1,133,000
preferred stock - par value .001 - authorized 1,000,000 shares, none issued and outstanding at march 31, 2016 and december 31, 2015
common stock - par value .001 - authorized 25,000,000 shares, 7,560,040 shares issued and outstanding as of march 31, 2016 and december 31, 2015																															7,000
of 985,000 and 1,566,000, respectively																																13,662,000
of 4,595,000 and 4,184,000, respectively																																1,027,000
lease impairment - current portion																																	12,000	25,000
dividends payable																																	1,134,000	1,134,000	1,125,000	1,066,000		1,064,000	880,000	717,000	716,000	358,000	358,000
lease impairment - net of current portion																																	4,000	4,000	4,000	4,000	12,000	25,000	40,000	56,000	72,000	89,000	108,000
preferred stock - par value .001 - authorized 1,000,000 shares, none issued and
outstanding at december 31, 2015 and 2014
common stock - par value .001 - authorized 25,000,000 shares, 7,560,040 and
7,108,677 shares issued and outstanding as of december 31, 2015 and 2014,
respectively																																7,000
capitalized engineering costs, net of accumulated amortization of 4,492,000 and 4,184,000, respectively																																	939,000
common stock - par value .001 - authorized 25,000,000 shares, 7,559,501 and 7,108,677 shares issued and outstanding as of september 30, 2015 and december 31, 2014, respectively																																	7,000
capitalized engineering costs, net of accumulated amortization of 4,405,000 and 4,184,000, respectively																																		911,000
common stock - par value .001 - authorized 25,000,000 shares, 7,559,501 and 7,108,677 shares issued and outstanding as of june 30, 2015 and december 31, 2014, respectively																																		7,000
capitalized engineering costs - net of accumulated amortization of 4,331,000 and 4,184,000, respectively																																			785,000
lease impairment - current																																			40,000	56,000	60,000	64,000	68,000	71,000	75,000	78,000	82,000
preferred stock - par value .001 - authorized 1,000,000 shares, none issued and outstanding at march 31, 2015 and december 31, 2014
common stock - par value .001 - authorized 25,000,000 shares, 7,545,557 and 7,108,677 shares issued and outstanding as of march 31, 2015 and december 31, 2014, respectively																																			7,000
capitalized engineering costs - net of accumulated amortization of 4,184,000 and 3,879,000, respectively																																				712,000
deferred financing costs, net, deposit and other assets																																				825,000	680,000	630,000	638,000	605,000	591,000	560,000	676,000
capitalized engineering costs - net of accumulated amortization of 4,184,000 and 3,879,000																																					693,000
customer deposit																																					174,000	174,000	254,000
notes payable and capitalized lease obligation - net of current portion																																					3,191,000	3,388,000	3,219,000	2,527,000	2,661,000	3,382,000	3,469,000
preferred stock par value .001-authorized 1,000,000 shares at september 30, 2014 and december 31, 2013, respectively, none issued and outstanding at september 30, 2014 and december 31, 2013, respectively
common stock - par value .001- authorized 25,000,000 shares at september 30, 2014 and december 31, 2013, respectively, 7,100,491 and 5,862,346 shares issued and outstanding as of september 30, 2014 and december 31, 2013, respectively																																					7,000
capitalized engineering costs - net of accumulated amortization of 4,093,000 and 3,879,000																																						666,000
preferred stock par value .001-authorized 1,000,000 shares at june 30, 2014 and december 31, 2013, respectively, none issued and outstanding at june 30, 2014 and december 31, 2013, respectively
common stock - par value .001- authorized 25,000,000 shares at june 30, 2014 and december 31, 2013, respectively, 7,096,242 and 5,862,346 shares issued and outstanding as of june 30, 2014 and december 31, 2013, respectively																																						7,000
capitalized engineering costs - net of accumulated amortization of 3,993,000 and 3,879,000																																							692,000
preferred stock par value .001-authorized 1,000,000 shares at march 31, 2014 and december 31, 2013, respectively, none issued and outstanding at march 31, 2014 and december 31, 2013, respectively
common stock - par value .001- authorized 25,000,000 shares at march 31, 2014 and december 31, 2013, respectively, 5,863,788 and 5,862,346 shares issued and outstanding as of march 31, 2014 and december 31, 2013, respectively																																							6,000
deposits - vendors
capitalized engineering costs - net of accumulated amortization of 3,879,000 and 3,449,000																																								752,000
contingencies
preferred stock par value .001-authorized 1,000,000 and 8,003,716 shares at december 31, 2013 and 2012, respectively, none issued and outstanding at december 31, 2013 and 2012
common stock - par value .001- authorized 25,000,000 and 20,000,000 shares at december 31, 2013 and 2012, respectively, 5,844,093 and 5,711,093 shares issued and outstanding as of december 31, 2013 and 2012, respectively																																								6,000
deposits - customers																																									8,000	16,000	3,000
capitalized engineering costs - net of accumulated amortization of 3,766,000 and 3,449,000																																									801,000
preferred stock par value .001-authorized 8,003,716 shares
designated as series "a" convertible preferred - .001 par value...
designated as series "b" convertible preferred -.001 par value...
common stock - .001 par, 20,000,000 shares authorized, 5,711,093 and 5,711,093 shares issued and outstanding as of september 30, 2013 and december 31, 2012, respectively																																									6,000
capitalized engineering costs - net of accumulated amortization of 3,653,000 and 3,449,000																																										813,000
common stock - .001 par, 20,000,000 shares authorized, 5,711,093 and 5,711,093 shares issued and outstanding as of june 30, 2013 and december 31, 2012, respectively																																										6,000
capitalized engineering costs - net of accumulated amortization of 3,550,000 and 3,449,000																																											807,000
preferred stock - par value .001-authorized 8,003,716 shares,
0 shares issued and outstanding as of march 31, 2013 and december 31, 2012, respectively;
common stock - par value .001-authorized 20,000,000 shares, 5,711,093 and 5,711,093 shares issued and outstanding as of march 31, 2013 and december 31, 2012, respectively																																											6,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-09-30	2025-06-30	2025-03-31	2024-09-30	2024-06-30	2024-03-31	2023-09-30	2023-06-30	2023-03-31	2022-09-30	2022-06-30	2022-03-31	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-09-30	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-09-30	2013-06-30	2013-03-31

cash flows from operating activities
net loss	-1,020,000	-1,454,000	-1,410,000	-988,000	-812,000	-408,000	-706,000	-2,312,000	-1,013,000	-618,000			-28,000				-1,003,000	-526,000		-1,471,000	-1,658,000	-923,000	-4,413,000	-1,283,000	-1,468,000	-6,006,000	-3,126,000	-3,729,000	-1,682,000
adjustments to reconcile net loss to net cash from operating activities
depreciation of property and equipment	711,000	1,814,000	1,187,000	580,000	1,533,000	1,022,000	527,000	1,853,000	1,239,000	617,000	1,906,000	1,308,000	665,000	2,105,000	1,417,000	713,000	1,920,000	1,344,000	656,000	2,085,000	1,455,000	666,000	2,165,000	1,444,000	722,000	2,026,000	1,442,000	2,808,000	1,851,000	904,000	2,679,000	1,634,000	719,000	1,680,000	1,168,000	552,000	1,242,000	398,000	403,000
stock-based compensation	964,000	836,000	670,000	474,000	302,000	112,000	62,000
amortization of finance lease right-of-use assets	49,000	147,000	98,000	49,000	128,000	79,000	38,000
amortization of operating lease right-of-use assets	168,000	514,000	357,000	182,000	500,000	329,000	162,000	449,000	295,000
deferred gain on sale	-9,000		-19,000	-10,000
allowance for credit losses	165,000			20,000			-23,000
amortization of deferred financing costs		51,000	34,000	17,000	51,000	34,000	17,000	51,000	17,000	17,000	48,000	31,000	15,000	118,000	78,000	36,000	73,000	48,000	30,000				158,000	69,000	69,000	179,000	114,000	356,000	285,000	170,000	142,000	83,000	25,000	33,000	23,000	18,000	46,000	15,000	15,000
changes in operating assets and liabilities
decrease in operating assets:
accounts receivable	-579,000	2,135,000	1,897,000	2,097,000	739,000	415,000	-120,000	4,224,000	1,303,000	2,206,000	1,917,000	1,512,000	3,033,000	-1,692,000	-3,435,000	-816,000	-2,257,000	1,380,000	-1,033,000	49,000	-1,347,000	-1,669,000	-1,167,000	-2,319,000	-1,025,000	-1,979,000	-1,846,000	3,730,000	2,300,000	3,850,000	-114,000	1,921,000	1,202,000	-119,000	-789,000	-4,418,000	807,000	435,000	2,095,000
inventory	-1,021,000	-5,616,000	-1,376,000	-124,000	-658,000	673,000	233,000	473,000	-946,000	-623,000	-3,876,000	-3,456,000	-2,467,000	2,761,000	1,911,000	-75,000	-4,194,000	-5,213,000	-1,162,000	-1,301,000	-1,112,000	364,000	-836,000	160,000	-733,000	609,000	262,000	-6,389,000	-3,840,000	-3,826,000	-10,291,000	-4,435,000	-2,323,000	-4,401,000	-2,920,000	-594,000	-1,295,000	-783,000	-725,000
prepaid expenses and other current assets	-374,000	-138,000	-17,000	5,000	-17,000	28,000	-48,000	72,000	85,000	19,000	-24,000		-32,000	-159,000	-49,000	-77,000	53,000	74,000	-6,000	-154,000	-128,000	-115,000	89,000	-82,000	-103,000	7,000	126,000	285,000	178,000	139,000	12,000	70,000	288,000	332,000	72,000	89,000	359,000	63,000	126,000
contract costs receivable		296,000	296,000	296,000
prepaid taxes	-1,000	-20,000	-20,000	-2,000	-18,000	-18,000			-1,000	-1,000	-3,000	-5,000					-6,000			43,000	41,000	41,000				388,000	360,000
deposits and other assets	26,000	46,000	17,000	252,000	379,000	358,000	-198,000	-20,000	33,000	-105,000	-74,000	-99,000	-70,000	-15,000	-4,000	95,000	-213,000	-185,000	-76,000	-261,000	-256,000	-263,000	-1,275,000	-202,000	-124,000	-1,185,000	-323,000	-199,000	-151,000	35,000	-108,000	-45,000
increase in operating liabilities:
accounts payable and accrued expenses	-725,000	2,043,000	1,249,000	-552,000	1,010,000	-486,000	184,000	-251,000	726,000	146,000	256,000	1,093,000	354,000	-1,261,000	-894,000	-36,000	1,594,000	1,301,000	1,216,000	343,000		-425,000				-4,335,000	-1,141,000	2,356,000	754,000	941,000	5,065,000	-34,000	661,000	-795,000	659,000	705,000	-362,000	121,000	213,000
operating lease liabilities	-229,000	-658,000	-448,000	-239,000	-647,000	-426,000	-210,000	-572,000	-377,000	-186,000	-504,000	-331,000	-164,000	-541,000	-390,000	-172,000	-506,000	-349,000	-167,000	-441,000	-290,000	-136,000
customer deposits	577,000	-673,000	-673,000	-532,000	-1,840,000	-1,296,000	-399,000	2,695,000	-314,000	-273,000	-179,000	-53,000																					32,000	-77,000	-77,000	3,000
net cash from operating activities	-1,298,000	-754,000	1,870,000	1,525,000	508,000	334,000	-232,000	7,093,000	1,406,000	1,438,000	-73,000	315,000	1,285,000	2,514,000	-181,000	567,000	-3,184,000	-1,043,000	-314,000	270,000	-1,493,000	-1,728,000	-2,866,000	-3,074,000	-1,782,000	-7,754,000		-1,124,000	111,000	900,000	-1,449,000	-224,000	988,000	-2,700,000	-384,000	-2,338,000	3,556,000	1,504,000	3,357,000
capital expenditures	-425,000	-3,018,000	-2,113,000	-1,217,000	-1,500,000	-1,231,000	-111,000	-1,867,000	-1,383,000	-973,000	-1,980,000	-1,327,000	-430,000	-983,000	-631,000	-273,000	-1,471,000	-309,000	-78,000	-397,000	-79,000	-30,000	-629,000	-512,000	-144,000			-1,341,000	-1,229,000	-355,000	-967,000	-371,000	-143,000	-384,000	-302,000	-187,000	-136,000	-1,000	-45,000
free cash flows	-1,723,000	-3,772,000	-243,000	308,000	-992,000	-897,000	-343,000	5,226,000	23,000	465,000	-2,053,000	-1,012,000	855,000	1,531,000	-812,000	294,000	-4,655,000	-1,352,000	-392,000	-127,000	-1,572,000	-1,758,000	-3,495,000	-3,586,000	-1,926,000			-2,465,000	-1,118,000	545,000	-2,416,000	-595,000	845,000	-3,084,000	-686,000	-2,525,000	3,420,000	1,503,000	3,312,000
cash flows from investing activities
purchase of property and equipment	-425,000	-3,018,000	-2,113,000	-1,217,000	-1,500,000	-1,231,000	-111,000	-1,867,000	-1,383,000	-973,000	-1,980,000	-1,327,000	-430,000	-983,000	-631,000	-273,000	-1,471,000	-309,000	-78,000	-397,000	-79,000	-30,000	-629,000	-512,000	-144,000	-607,000	-298,000	-1,341,000	-1,229,000	-355,000	-967,000	-371,000	-143,000	-384,000	-302,000	-187,000	-136,000	-1,000	-45,000
net cash from investing activities	-425,000	-2,818,000	-2,113,000	-1,217,000	-1,493,000	-1,224,000	-111,000	-1,867,000	-1,383,000	-973,000	-1,980,000	-1,327,000	-430,000	-983,000	-631,000	-273,000	-1,471,000	-309,000	-78,000	-397,000	-79,000	54,000	-1,029,000	-829,000	-308,000	2,929,000	3,479,000	-314,000	48,000	-567,000	-7,772,000	-5,546,000	-5,117,000	-5,102,000	-4,620,000	-241,000	-920,000	-108,000	-152,000
cash flows from financing activities
note payable - revolver - net - current credit facility	1,665,000	2,933,000	-811,000	-1,701,000	633,000	343,000	501,000
proceeds from term loan - current credit facility		1,640,000	1,640,000	1,640,000	1,006,000	1,006,000
proceeds from common stock issued for cash			1,185,000	855,000
payments of subordinated notes - related party		-1,291,000	-1,291,000	-1,291,000
payments of term loan - current credit facility	-262,000	-747,000	-485,000	-223,000	-665,000	-462,000	-236,000
payments of solar credit facility	-14,000
payments of finance lease obligations	-58,000	-166,000	-109,000	-54,000	-143,000	-92,000	-41,000	-84,000	-49,000	-20,000	-263,000	-263,000	-9,000	-3,000	-3,000	-2,000	-11,000	-9,000	-7,000	-899,000	-593,000	-284,000
payments of loan payable - financed asset	-2,000	-7,000	-5,000	-2,000	-6,000	-4,000	-2,000	-7,000	-4,000	-1,000	-5,000	-4,000	-5,000	-7,000	-4,000	-2,000			-71,000
net cash from financing activities	1,329,000	6,875,000	-3,000	-776,000	825,000	791,000	222,000	-4,767,000	533,000	379,000	1,618,000	1,315,000	-1,118,000	-3,344,000	-1,178,000	-1,068,000	4,821,000	2,126,000	592,000	-1,552,000	917,000	104,000	4,182,000	3,678,000	2,875,000	3,929,000	-961,000	2,206,000	71,000	-493,000	8,594,000	5,566,000	5,169,000	8,809,000	5,612,000	2,705,000	-2,355,000	-1,407,000	-2,729,000
net decrease in cash	-394,000		-246,000	-468,000							-435,000
cash at beginning of period	4,610,000		753,000	753,000	346,000	346,000	346,000	281,000	281,000	281,000	627,000	627,000
cash at end of period	4,216,000		507,000	285,000	186,000	247,000	225,000	740,000	837,000	1,125,000	192,000	930,000
deferred gain on sale of real estate								-29,000	-19,000	-10,000	-29,000	-19,000	-10,000	-29,000	-19,000	-10,000	-29,000	-19,000	-10,000	-29,000	-19,000	-10,000	-29,000	-19,000	-10,000	-29,000	-19,000	-29,000	-19,000
loss on sale of equipment																	16,000	16,000	16,000	42,000	42,000	-42,000
allowances for credit losses
proceeds from sale of fixed assets
proceeds from term loan - solar facility
net proceeds from common stock issued for cash		4,640,000
payments for taxes related to net share settlement of equity awards		-127,000	-127,000
net increase in cash		3,303,000			-160,000	-99,000	-121,000	459,000	556,000	844,000		303,000
cash at beginning of year
cash at end of year
deferred gain on sale - leaseback		-29,000			-29,000
gain on sale of equipment		-68,000			-7,000	-7,000
changes in allowance for credit losses		20,000			-106,000
proceeds from sale of equipment		200,000			7,000	7,000																84,000
cash and restricted cash at beginning of period		753,000
cash and restricted cash at end of period		4,056,000
allowance for credit loss			28,000			-56,000
payments of deferred financing costs								-25,000			-20,000
proceeds from term loan - ct green bank								393,000
deferred gain on sale-leaseback						-19,000	-10,000
supplemental cash flow information
cash paid during the year for interest						917,000
supplemental disclosure of non-cash investing and financing activities:
acquisition of financed lease asset						319,000
financing from solar credit facility directly to contractor						506,000
allowance for inventory reserve							259,000
non-cash other income recognized											-59,000	-94,000	-89,000	-274,000	-195,000	-104,000	-302,000	-211,000	-92,000	-198,000	-109,000	-109,000
non-cash interest expense														82,000	58,000	31,000	90,000	64,000	28,000	60,000	33,000	33,000
non-cash gain on accounts payable write-off
loss on impairment of goodwill
deferred payroll tax liability - cares act
proceeds from sale of property and equipment
payment of subordinated note payable - related party											-250,000
net cash (used in) provided by financing activities
non-cash employee compensation expense								260,000	232,000	45,000	262,000	207,000	66,000	361,000	214,000	157,000	266,000	214,000	140,000			233,000	308,000
non-cash directors compensation								162,000	108,000	54,000	162,000	108,000	54,000	156,000	104,000	52,000	159,000	101,000	55,000	95,000	39,000	39,000
bad debt expense								38,000	38,000	4,000				-54,000	23,000	-78,000	367,000	322,000	268,000	46,000	64,000		190,000	137,000	270,000	-10,000	-10,000	-3,000	29,000		76,000	55,000	39,000	299,000	189,000	93,000	275,000	64,000	27,000
note payable - revolver - net - webster bank								-4,908,000	486,000		1,641,000	888,000
proceeds from term loan - webster bank								740,000	740,000		1,945,000	1,945,000
payments of term loan - webster bank								-876,000	-640,000		-1,430,000	-1,251,000
amortization of right-of-use assets										146,000
payments for revolving loan - webster bank										-132,000
proceeds from note payable - term note - webster bank										740,000
payments of term note - webster bank										-208,000
net income											-177,000	-35,000		21,000	87,000	-152,000			1,058,000											-1,430,000	-160,000	-497,000	104,000	1,337,000	957,000	341,000	3,039,000	226,000	279,000
adjustments to reconcile net income to net cash from operating activities
bad debt recovery											-102,000		-118,000
net proceeds from (payments for) revolving loan - webster bank
payment of deferred finance costs
payment of subordinated notes payable - related party
amortization of operating right-of-use assets											403,000
amortization of right-of-use asset												265,000	131,000	364,000	240,000	118,000	366,000	261,000	122,000			124,000
bad debt (recovery) expense												-117,000
deferred revenue													-55,000	571,000	673,000	885,000	-176,000	3,000	-7,000	14,000	17,000	15,000	1,513,000	-523,000	175,000	280,000	-243,000	112,000	287,000	352,000	735,000	295,000
note payable - revolver - net													-901,000
payments of note payable - term note													-203,000
net decrease in cash and cash equivalents													-263,000								-655,000			-225,000
cash and cash equivalents at beginning of period													627,000	2,505,000	2,505,000	2,505,000	1,294,000	1,294,000	1,294,000												1,418,000	1,418,000	1,418,000	561,000	561,000	561,000	490,000	0	490,000
cash and cash equivalents at end of period													364,000	692,000	515,000	1,731,000	1,460,000	2,068,000	1,494,000	333,000	1,357,000	442,000	917,000	405,000	1,415,000	408,000	426,000	1,297,000			791,000	1,214,000	2,458,000	1,568,000	1,169,000	687,000	771,000	-11,000	966,000
non-cash deferred payroll tax expense - cares act																	429,000
amortization of debt discount on convertible notes payable																	196,000	158,000	78,000	370,000	113,000	194,000	740,000	588,000	275,000	1,544,000	603,000
forgiveness of notes payable - sba loan
income taxes payable																	-27,000	-25,000	-12,000		-20,000	-20,000						-14,000	5,000	11,000	-71,000	-71,000	33,000	-1,114,000	274,000	616,000	-249,000	459,000	493,000
deferred payroll tax expense - cares act
payments of note payable - term note - webster bank
sba loan proceeds - webster bank
proceeds from issuance of common stock																	984,000	984,000	984,000					1,425,000	1,065,000
share issuance costs																				-113,000	-113,000	-58,000
deferred financing costs																							-125,000			-50,000	-50,000	-199,000	-199,000	-75,000	-362,000	-322,000	-334,000
payments of notes payable - related party
payments of notes payable - third party																	-100,000	-100,000	-100,000
net increase in cash and cash equivalents														-1,813,000	-1,990,000	-774,000	166,000	774,000	200,000	-1,679,000		-1,570,000	287,000		785,000	-896,000	-878,000	768,000	230,000	-160,000	-627,000	-204,000	1,040,000	1,007,000	608,000	126,000	281,000	-11,000	476,000
cash and cash equivalents at beginning of year																				2,012,000	2,012,000	2,012,000	630,000	630,000	630,000	1,304,000	1,304,000	529,000	529,000	529,000
cash and cash equivalents at end of year																													759,000	369,000
changes in assets and liabilities
note payable - revolver - net - sterling national bank														-2,187,000		-868,000	3,340,000	429,000	1,033,000
payments of note payable - term note - sterling national bank														-1,147,000
sba loan proceeds - sterling national bank
payments of notes payable issuances- related party																		-1,020,000	-1,012,000
other liability																		199,000
note payable - revolver - net – sterling national bank															-393,000
payments of note payable - term notes – sterling national bank															-778,000
sba loan proceeds – sterling national bank
adjustments to reconcile net income to net cash from (used in) operating activities
changes in assets and liabilities decrease in operating assets:
income tax receivable																			-1,416,000
payments of note payable - term notes - snb																-196,000
non-cash legal expenses paid by issuance of stock
loss on abandonment of lease																				275,000	275,000
loss on disposal of equipment
note payable - revolver - net - pnc
proceeds from note payable - term notes - sterling national bank
payments of note payable - term notes - pnc
sba loan proceeds - snb																		2,414,000
proceeds from sale of future proceeds from disposition of subsidiary																				800,000	800,000	800,000
transaction costs from sale of future proceeds from disposition of subsidiary																				-3,000	-3,000	-3,000
proceeds from notes payable - related party																													1,400,000
payments of loan payable - financed assets																	-215,000
abandonment of lease																						275,000
note payable - revolver - net – pnc
payments of note payable - term notes - sterling national bank																	-414,000	-284,000	-90,000
payments of note payable - term notes – pnc
sba loan proceeds – snb																	2,414,000
proceeds from notes payable issuances- related party
costs related to issuance of stock																	-145,000	-145,000	-145,000
payments of related party notes payable																	-1,032,000
adjustments to reconcile net loss to net cash from in operating activities
payments of loan payable - equipment																		-143,000
adjustments to reconcile net income to net cash from in operating activities
stock based employee compensation expense
stock based directors compensation expense
legal expenses paid by issuance of stock
amortization of deferred gain on sale of real estate
amortization of capitalized engineering costs																							493,000	312,000	145,000	278,000	168,000	280,000	198,000	105,000	238,000	151,000	77,000	306,000	214,000	114,000	316,000	102,000	101,000
loss on impairment of goodwill - discontinued operations
change in useful life of capitalized engineering costs
gain on sales of subsidiaries
loss on assets held for sale																							930,000
accounts payable and accrued expense																					805,000		-1,736,000	-21,000	-97,000
deferred rent																							4,000	3,000	1,000	28,000	17,000	10,000	6,000	3,000	26,000	17,000	9,000	56,000	38,000	19,000	56,000	19,000	19,000
capitalized engineering costs																							-400,000	-317,000	-164,000	-724,000	-483,000	-644,000	-394,000	-212,000	-465,000	-350,000	-149,000	-247,000	-128,000	-54,000	-316,000	-107,000	-107,000
proceeds from sale of subsidiary																										4,260,000	4,260,000
note payable - revolver, net - sterling national bank
note payable - revolver, net - pnc
proceeds from note payable - term loan - sterling national bank
payments of note payable - term loans - pnc
payment of finance lease obligations
proceeds from note payable - related party
payments of notes payable - related parties
proceeds from notes payable - third parties
non-cash employee stock compensation expense																				351,000	326,000
amortization of right-of-use-asset																				352,000	236,000
gain on assets held for sale
(increase) decrease in operating assets:
increase (decrease) in operating liabilities:
note payable – revolver – net																				-597,000	1,118,000	19,000	3,615,000	2,798,000	1,489,000
payments of note payable – term notes																				-1,108,000	-739,000	-370,000	-1,108,000	-739,000	-369,000
proceeds from notes payable issuances– related party																				500,000	500,000		803,000	770,000	1,000,000
payments of notes payable issuances – related party																				-16,000	-4,000
payments of loan payable – financed assets																				-116,000	-49,000
proceeds from notes payable issuances - third party																								70,000
gain on change to plan of assets held for sale																								-1,563,000
amortization of intangible assets																									38,000	630,000	581,000	960,000	640,000	320,000	923,000	614,000	307,000	872,000	582,000	291,000	872,000	291,000	291,000
loss on impairment of goodwill – continuing operations
loss on impairment of goodwill – discontinued operations
non-cash directors compensation expense
(gain) on sales of subsidiaries
loss on impairment of intangible assets – discontinued operations
loss on extinguishment of debt																										150,000		172,000
amortization of convertible notes payable																												184,000
assets held for sale - amk cash
capital lease obligations																										-933,000	-620,000	-908,000	-604,000	-313,000	-487,000	-267,000	-91,000	-248,000	-172,000	-108,000	-899,000	-189,000	-185,000
proceeds from note payable – related party
proceeds from notes payable – third parties
payments of notes payable – third parties
net increase in cash and cash equivalent
gain on sale of subsidiary																											-288,000
payments of capital lease obligations																							-958,000	-646,000	-310,000
proceeds from notes payable issuances																							70,000			4,184,000	4,184,000	2,720,000
proceeds from the issuance of common stock																							1,885,000			7,762,000
payment of notes payable issuances
non-cash employee compensation expense/																								225,000	83,000
adjustments to reconcile net loss to net
cash from in operating activities
loss on sale of subsidiary																										-338,000
cash from operating activities
loss on sale of fixed assets held for sale																												5,000
deferred income taxes																												-2,145,000	-818,000	-691,000	-650,000	-17,000	-147,000	-1,021,000	-746,000	-108,000	-1,625,000
proceeds from the sale of fixed assets																												1,671,000	1,671,000
expense for issuance of preferred stock																												-663,000	-663,000
expenses for issuance of debt offering
proceeds from the issuance of preferred stock																													5,250,000
cash flows from operating activities:
non-cash compensation expense/																										9,000	-73,000
cash flows from investing activities:
cash flows from financing activities:
note payable - revolver																										-6,316,000	-4,589,000	-3,782,000	-2,668,000	458,000	10,328,000	5,329,000	3,557,000	3,202,000	-1,422,000	4,183,000	1,164,000
payments of note payable - term loans																										-2,808,000	-2,439,000	-2,814,000	-2,445,000	-563,000	-1,466,000	-903,000	-340,000
proceeds from notes payable issuances - related party																										2,553,000	2,553,000
payments of notes payable issuances																										-463,000
expense for issuance of convertible debt
supplemental cash flow information:
cash paid during the period for interest																										1,684,000	992,000							753,000	539,000	251,000	935,000	-48,000	381,000
cash paid during the period for income taxes																																		2,011,000	344,000	86,000	1,061,000
supplemental disclosure of non-cash transactions:
common stock issued for notes payable-related party																										1,754,000
preferred stock issued for notes payable-related party
preferred shares issued for pik dividends																										913,000
acquisition of property and equipment financed by capital lease
issuance of convertible notes payable - related party																										1,885,000	1,885,000
placement agent warrants issued																										85,000
net cash from (used in) operating activities																											-3,396,000
supplemental disclosure of non-cash transactions
non-cash compensation expense																												126,000	83,000	27,000	77,000	54,000	17,000	25,000	15,000	3,000	15,000
cash paid for acquisitions																															-6,945,000	-5,413,000	-5,413,000	-4,476,000	-4,190,000
cash acquired in acquisitions																															605,000	588,000	588,000
proceeds from note payable - term loans																															3,500,000	3,500,000	3,500,000
proceeds from capital lease financing
proceeds from notes payable
notes payable - sellers																															-41,000	-41,000	-41,000	-513,000	-339,000	-168,000	-479,000	-160,000	-157,000
payments related to lease impairment																															-44,000	-30,000	-16,000	-55,000	-38,000	-19,000	-65,000	-22,000	-23,000
dividends paid																															-3,334,000	-2,200,000	-1,066,000	-2,683,000	-1,618,000	-733,000	-716,000
proceeds from issuance of preferred stock																												5,250,000
proceeds from notes payable issuances – related party																												2,900,000
expenses for issuance of convertible debt																												-298,000
gain on sale of fixed assets held for sale																													5,000
adjustments to reconcile net income to net
gain on sale of real estate																														-10,000	-28,000	-19,000	-10,000	-28,000	-19,000	-10,000	-28,000	-9,000	-10,000
proceeds from note payable
proceeds from capital lease refinance																															500,000	500,000
proceeds from public issuance in 2014 and private placement in 2013
costs to raise capital																																		-968,000	-968,000
proceeds from registered offering																																			9,530,000
deposits																																	20,000	-1,000	-1,000	-1,000	125,000	-13,000	130,000
other assets																																	-65,000	-84,000	-23,000	-51,000	-37,000	110,000	-100,000
negative goodwill resulting from the bargain purchase acquisition
increase in operating liabilities
cash acquired in acquisition																																		5,000
proceeds from private placement																																		9,530,000
proceeds from note payable - term loan																																		1,328,000	1,328,000
payments of note payable - term loan																																		-759,000	-664,000	-450,000	-1,350,000
cash paid for deferred financing costs																																		-25,000	-25,000		-10,000
supplemental schedule of non-cash investing and financing activities
dividends payable																																			1,064,000	880,000	716,000	0	358,000
conversion of junior subordinated notes																																		1,000,000	1,000,000
purchase of stock of woodbine products
fair value of tangible assets acquired																																		472,000	472,000		975,000
goodwill																																		2,402,000	2,402,000
liabilities assumed																																		-19,000	-19,000
common stock issued																																		-290,000	-290,000
cash paid for acquisition																																		2,565,000	2,565,000		-468,000
purchase of stock of eur-pac corporation
purchase of stock of electronic connection corporation
cash acquired																																		5,000
purchase of certain assets of decimal industries, inc
due to sellers of decimal industries																																					-507,000
due to seller of eur-pac																																			-78,000
adjustments to lease impairment
cash paid for acquisition, net of cash aquired of 7,000 and 0
deposit for new property and equipment
payment of issuance costs for private placement
notes payable-jr. subordinated debt
junior subordinated note converted to common stock
property and equipment acquired under capital lease
purchase of substantially all assets of nassau tool works, inc and assumption
of liabilities in the acquisition as follows:
intangible assets, subject to amortization
due to seller of old nassau tool
common stock
purchase of stock of miller stuart, inc
schedule of noncash activities
notes payable - revolver																																							-1,914,000
payments of notes payable - term loan pnc																																							-450,000
notes payable - jr. subordinated debt
proceeds from notes payable - term loan pnc
cash paid during the year for income taxes
junior subordinated debt converted to common stock
due to old nassau tool

Air Industries Group(NYSE MKT:AIRI)

Air Industries Group
(NYSE MKT:AIRI)