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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2019	Mar. 20, 2020	Jun. 30, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	AIR INDUSTRIES GROUP
Entity Central Index Key	0001009891
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Well Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,531,949
Entity Public Float			$ 19,258,643
Entity File Number	001-35927
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	NV

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current Assets
Cash and Cash Equivalents	$ 1,294,000	$ 2,012,000
Accounts Receivable, Net of Allowance for Doubtful Accounts of $859,000 and $524,000, respectively	7,858,000	6,522,000
Inventory	28,646,000	29,051,000
Prepaid Expenses and Other Current Assets	447,000	414,000
Prepaid Taxes		49,000
Total Current Assets	38,245,000	38,048,000
Property and Equipment, Net	7,578,000	8,777,000
Operating Lease Right-Of-Use-Asset	3,623,000
Deferred Financing Costs, Net, Deposits and Other Assets	1,481,000	768,000
Goodwill	163,000	163,000
TOTAL ASSETS	51,090,000	47,756,000
Current Liabilities
Notes Payable and Finance Lease Obligations - Current Portion	15,682,000	16,793,000
Notes Payable - Related Party - Current Portion	6,862,000	2,552,000
Accounts Payable and Accrued Expenses	8,105,000	8,723,000
Operating Lease Liabilities - Current Portion	697,000
Deferred Gain on Sale - Current Portion	38,000	38,000
Deferred Revenue	1,011,000	881,000
Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary - Current Portion	200,000
Income Taxes Payable	27,000	20,000
Total Current Liabilities	32,622,000	29,007,000
Long Term Liabilities
Notes Payable and Finance Lease Obligations - Net of Current Portion	3,406,000	3,438,000
Notes Payable - Related Party - Net of Current Portion		2,283,000
Operating Lease Liabilities - Net of Current Portion	4,235,000
Deferred Gain on Sale - Net of Current Portion	219,000	257,000
Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary - Net of Current Portion	402,000
Deferred Rent		1,165,000
TOTAL LIABILITIES	40,884,000	36,150,000
Commitments and Contingencies
Stockholders' Equity
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	28,000
Additional Paid-In Capital	77,434,000	76,101,000
Accumulated Deficit	(67,257,000)	(64,523,000)
TOTAL STOCKHOLDERS' EQUITY	10,206,000	11,606,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 51,090,000	$ 47,756,000

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 859,000	$ 524,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	60,000,000	60,000,000
Common stock, shares issued	29,478,338	28,392,070
Common stock, shares outstanding	29,478,338	28,392,070

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net Sales	$ 54,573,000	$ 44,530,000
Cost of Sales	45,431,000	39,085,000
Gross Profit	9,142,000	5,445,000
Operating Expenses	8,539,000	8,315,000
Impairment on abandonment of assets		(386,000)
Capitalized engineering costs write-off		(2,043,000)
Income (Loss) from Operations	328,000	(4,913,000)
Interest and Financing Costs	(3,561,000)	(3,916,000)
Other Income, Net	672,000	278,000
Loss before Provision for Income Taxes	(2,561,000)	(8,551,000)
Provision for Income Taxes	37,000
Loss from Continuing Operations, net of taxes	(2,598,000)	(8,551,000)
Loss from Discontinued Operations, net of taxes
Losses from discontinued operating activities	(134,000)	(2,097,000)
Loss on Sale of Subsidiary		(341,000)
Total Loss from Discontinued Operations, net of tax	(134,000)	(2,100,000)
Net Loss	$ (2,732,000)	$ (10,992,000)
Net Loss per share - basic
Continuing operations	$ (0.09)	$ (0.32)
Discontinued operations	0.00	(0.09)
Net Loss per share - diluted
Continuing operations	(0.09)	(0.32)
Discontinued operations	$ 0.00	$ (0.09)
Weighted average shares outstanding - basic	28,851,816	26,897,639
Weighted average shares outstanding - diluted	28,851,816	26,897,639

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2017	$ 25,000	$ 71,272,000	$ (53,531,000)	$ 17,766,000
Balance, shares at Dec. 31, 2017	25,213,805
Fair Value Allocation of Warrants		193,000		193,000
Common stock issued for legal fees		200,000		200,000
Common stock issued for legal fees, shares	123,456
Issuance of Common Stock	$ 2,000	2,812,000		2,814,000
Issuance of Common Stock, shares	2,139,235
Common stock issued for directors fees		305,000		305,000
Common stock issued for directors fees, shares	253,071
Common stock issued for convertible notes	$ 1,000	1,026,000		1,027,000
Common stock issued for convertible notes, shares	663,286
Stock Compensation Expense		293,000		293,000
Net Loss			(10,992,000)	(10,992,000)
Balance at Dec. 31, 2018	$ 28,000	76,101,000	(64,523,000)	11,606,000
Balance, shares at Dec. 31, 2018	28,392,853
Common stock issued for legal fees		126,000		126,000
Common stock issued for legal fees, shares	50,000
Issuance of Common Stock		186,000		186,000
Issuance of Common Stock, shares	182,778
Issuance of Common Stock for Note Conversion	$ 1,000	638,000		639,000
Issuance of Common Stock for Note Conversion, shares	424,805
Common stock issued for directors fees		244,000		244,000
Common stock issued for directors fees, shares	257,602
Share Issuance Costs		(113,000)		(113,000)
Stock Compensation Expense		378,000		378,000
Other Adjustments - Shares Issued
Other Adjustments - Shares Issued, shares	170,300
Other Adjustments - FV Allocation		(126,000)		(126,000)
Other Adjustments - Rounding			(2,000)	(2,000)
Net Loss			(2,732,000)	(2,732,000)
Balance at Dec. 31, 2019	$ 29,000	$ 77,434,000	$ (67,257,000)	$ 10,206,000
Balance, shares at Dec. 31, 2019	29,478,338

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (2,732,000)	$ (10,992,000)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation of property and equipment	3,002,000	2,877,000
Stock based employee compensation expense	378,000	293,000
Stock based directors compensation expense	244,000	305,000
Legal expenses paid by issuance of stock	126,000	200,000
Non-cash other income recognized	(282,000)
Non-cash interest expense	85,000
Loss on abandonment of lease	275,000
Amortization of right-of-use assets	470,000
Amortization of deferred gain on sale of real estate	(38,000)	(38,000)
Loss on sale of equipment	136,000
Amortization of debt discount on convertible notes payable	510,000	941,000
Amortization of capitalized engineering costs		668,000
Bad debt expense	311,000	49,000
Loss on impairment of goodwill - discontinued operations		109,000
Amortization of deferred financing costs		212,000
Change in useful life of capitalized engineering costs		2,043,000
Gain on sales of subsidiaries		340,000
Loss on Assets Held for Sale		386,000
(Increase) Decrease in Operating Assets:
Accounts receivable	(1,647,000)	(561,000)
Inventory	405,000	1,395,000
Prepaid expenses and other current assets	(33,000)	39,000
Prepaid taxes	49,000
Deposits and other assets	(713,000)	(1,112,000)
Increase (Decrease) in Operating Liabilities:
Accounts payable and accrued expense	(970,000)	(1,569,000)
Operating Lease Liabilities	(601,000)
Deferred rent		3,000
Deferred revenue	130,000	2,076,000
Income Taxes Payable	7,000
NET CASH USED IN OPERATING ACTIVITIES	(888,000)	(2,336,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Capitalized engineering costs		(523,000)
Purchase of property and equipment	(764,000)	(1,264,000)
Proceeds from sale of subsidiary		5,472,000
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	(764,000)	3,685,000
CASH FLOWS FROM FINANCING ACTIVITIES
Note payable - revolver, net - Sterling National Bank	12,543,000
Note payable - revolver, net - PNC	(14,043,000)	(2,415,000)
Proceeds from note payable - term loan - Sterling National Bank	3,800,000
Payments of note payable - term loans - PNC	(1,572,000)	(1,899,000)
Proceeds from sale of future proceeds from disposition of subsidiary	800,000
Transaction costs from sale of future proceeds from disposition of subsidiary	(3,000)
Payment of finance lease obligations	(1,764,000)	(1,286,000)
Share issuance costs	(113,000)
Proceeds from note payable - related party	1,500,000	2,803,000
Payments of notes payable - related parties	(28,000)
Payments of loan payable - financed assets	(186,000)
Proceeds from notes payable - third parties		70,000
Deferred financing costs		(125,000)
Proceeds from issuance of common stock		2,885,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	934,000	33,000
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(718,000)	1,382,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	2,012,000	630,000
CASH AND CASH EQUIVALENTS AT END OF YEAR	1,294,000	2,012,000
Supplemental cash flow information
Cash paid during the period for interest	2,274,000	1,509,000
Cash paid during the period for income taxes	22,000	2,000
Supplemental schedule of non-cash investing and financing activities
Common Stock issued for notes payable - related party		330,000
Common Stock issued for notes payable - third parties	580,000	30,000
Common Stock issued in lieu of accrued interest	$ 58,000	$ 1,027,000

Formation and Basis of Presentation

12 Months Ended

Dec. 31, 2019

Formation and Basis of Presentation [Abstract]

FORMATION AND BASIS OF PRESENTATION

Note 1. FORMATION AND BASIS OF PRESENTATION

Organization

Air Industries Group is a Nevada corporation ("AIRI"). As of and for the year ended December 31, 2019, the accompanying consolidated financial statements presented are those of AIRI, and its wholly-owned subsidiaries; Air Industries Machining Corp. ("AIM"), Nassau Tool Works, Inc. ("NTW"), Eur-Pac Corporation ("Eur-Pac" or "EPC"), Electronic Connection Corporation ("ECC"), Air Realty Group, LLC ("Air Realty"), and The Sterling Engineering Corporation ("Sterling"), (together, the "Company"). The results of EPC and ECC are included in loss from discontinued operations, since operations ceased on March 31, 2019. See Note 2 for details of discontinued operations.

As of and for year ended December 31, 2018, the accompanying consolidated financial statements also include the Company's former subsidiaries all of which are included in loss from discontinued operations: Welding Metallurgy, Inc. ("WMI") including its wholly owned subsidiaries Miller Stuart, Inc. ("Miller Stuart"), Woodbine Products, Inc. ("Woodbine" or "WPI"), Decimal Industries, Inc. ("Decimal") and Compac Development Corporation ("Compac"), (collectively "WMI Group"). See Note 2 for details of discontinued operations.

Going Concern - Alleviation of Substantial Doubt

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company suffered net losses from continuing operations, net of taxes of $2,598,000 and $8,551,000 for the years ended December 31, 2019 and 2018, respectively, and had negative cash flows from operations (both continuing and discontinued combined) of $888,000 and $2,336,000 for the years ended December 31, 2019 and 2018, respectively. The Company has been dependent on raising equity or other financing to fund ongoing operations. These factors raised substantial doubt about the Company's ability to continue as a going concern.

In December 2019 the Company refinanced its PNC Bank revolving debt and term loan with Sterling National Bank on better terms and the combination of the significantly lower interest rates and extended amortization of the new credit facility is estimated to reduce the Company's cash interest and cash principal amortization significantly. The Company's revenues from sales and its gross profit from its continuing operations increased in 2019 by $10,043,000 and $3,697,000, respectively, from the previous year. The Company is projecting positive cash flows from operations in 2020 and management believes the Company will be able to meet its obligations as they come due for the year from the date of issuance of these financial statements.

Accordingly, the above factors have alleviated substantial doubt about the entity's ability to continue as a going concern.

Sale of Welding Metallurgy Inc.

On December 20, 2018, the Company sold all of the outstanding shares of WMI including its wholly owned subsidiaries Miller Stuart, Woodbine, Decimal and Compac to CPI Aerostructures, Inc., pursuant to a Stock Purchase Agreement (SPA) for a purchase price of $9,000,000, reduced by a working capital adjustment of ($1,093,000). The sale required an escrow deposit of $2,000,000 to cover the working capital adjustment and our obligation to indemnify CPI against damages arising out of the breach of our representations and warranties and obligations under the SPA. The amount of the final working capital adjustment has been contested by CPI and is currently the subject of litigation between the Company and CPI (See Note 14-Contingencies).

Closing EPC and ECC

The Company completed its shut-down of EPC and ECC and closed related operations on March 31, 2019. In connection with the shut-down, the Company recognized a loss on abandoned assets of $386,000 during the fourth quarter of 2018, which is included in loss from discontinued operations for the year ended December 31, 2018.

Additionally, the Company determined that goodwill for ECC in the amount of $109,000 had been impaired and is included in the loss from discontinued operations for the year ended December 31, 2018.

Adoption of ASC 842

On January 1, 2019, the Company adopted FASB Accounting Standards Codification, or ASC, Topic 842, Leases, or ASC 842, which requires the recognition of the right-of-use assets and related operating and finance lease liabilities on the balance sheet and the disclosure of key information about certain leasing arrangements. As permitted by ASC 842, the Company elected the adoption date of January 1, 2019, which is the date of initial application. As a result, the consolidated balance sheet prior to January 1, 2019 was not restated, continues to be reported under ASC Topic 840, Leases, or ASC 840, which did not require the recognition of operating lease liabilities on the balance sheet, and is not comparative. Under ASC 842, all leases are required to be recorded on the balance sheet and are classified as either operating leases or finance leases. The lease classification affects the expense recognition in the income statement. Operating lease charges are recorded entirely in operating expenses. Finance lease charges are split, where amortization of the right-of-use asset is recorded in operating expenses and an implied interest component is recorded in interest expense. The expense recognition for operating leases and finance leases under ASC 842 is substantially consistent with ASC 840. As a result, there is no significant difference in the Company's results of operations presented in the consolidated statement of operations for each period presented.

The Company adopted ASC 842 using a modified retrospective approach for all leases existing at January 1, 2019. The adoption of ASC 842 had a substantial impact on the Company's consolidated balance sheet. The most significant impact was the recognition of the operating lease right-of-use assets and the liability for operating leases. The accounting of finance leases was substantially unchanged. Accordingly, upon adoption, leases that were classified as operating leases under ASC 840 were classified as operating leases under ASC 842, and the Company recorded an adjustment of $4,368,000 to operating lease right-of-use assets and the related lease liability. The lease liability is based on the present value of the remaining minimum lease payments, determined under ASC 840, discounted using the Company's incremental borrowing rate at the effective date of January 1, 2019, using the original lease term as the term. As permitted under ASC 842, the Company elected several practical expedients that permits it to not reassess (1) whether a contract is or contains a lease, (2) the classification of existing leases, and (3) whether previously capitalized costs continue to qualify as initial indirect costs. The application of the practical expedients did not have a significant impact on the measurement of the operating lease liability.

Leases are classified as either finance leases or operating leases. A lease is classified as a finance lease if any one of the following criteria are met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset or the present value of the lease payments equals or exceeds substantially all of the fair value of the asset. A lease is classified as an operating lease if it does not meet any one of these criteria. Substantially all the Company's operating leases are comprised of office space leases and substantially all its finance leases are comprised of office furniture and technology equipment.

For all leases at the lease commencement date, a right-of-use asset and a lease liability are recognized. The right-of use asset represents the right to use the leased asset for the lease term. The lease liability represents the present value of the lease payments under the lease.

The right-of-use asset is initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred, consisting mainly of brokerage commissions, less any lease incentives received. All right-of-use assets are reviewed for impairment. The lease liability is initially measured at the present value of the lease payments, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company's incremental borrowing rate for the same term as the underlying lease. For the Company's real estate and other operating leases, the Company uses its incremental borrowing rate. For the Company's finance leases, it uses the rate implicit in the lease or its incremental borrowing rate if the implicit lease rate cannot be determined.

Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancellable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early.

Some of the Company's real estate leases contain variable lease payments, including payments based on an index or rate. Variable lease payments based on an index or rate are initially measured using the index or rate in effect at lease commencement and separated into lease and non-lease components based on the initial amount stated in the lease or standalone selling prices. Lease components are included in the measurement of the initial lease liability. Additional payments based on the change in an index or rate, or payments based on a change in the Company's portion of the operating expenses, including real estate taxes and insurance, are recorded as a period expense when incurred. Lease modifications result in re-measurement of the lease liability.

Lease expense for operating leases consists of the lease payments plus any initial direct costs, primarily brokerage commissions, and is recognized on a straight-line basis over the lease term. Included in lease expense are any variable lease payments incurred in the period that were not included in the initial lease liability. Lease expense for finance leases consists of the amortization of the right-of-use asset on a straight-line basis over the lease term and interest expense determined on an amortized cost basis. The lease payments are allocated between a reduction of the lease liability and interest expense.

The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases on its right-of-use asset and lease liability was not material.

In March 2019, the FASB issued ASU 2019-01, Leases (Topic 842) Codification Improvements, which removed the requirement for an entity to disclose in the interim periods after adoption, the effect of the change on income from continuing operations, net income, any other affected financial statement line item, and any affected per share amount. For lessors, the new leasing standard requires leases to be classified as a sales-type, direct financing or operating lease. These criteria focus on the transfer of control of the underlying lease asset. This standard and related updates were effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years.

The impact of the adoption of ASC 842 on the balance sheet at December 31, 2018 was:

	As Reported December 31, 2018		Adoption of ASC 842 Increase (Decrease)			Balance January 1, 2019
Operating Lease Right-Of-Use-Asset	$	-	$	4,368,000		$	4,368,000
Total Assets	$	47,756,000	$	4,368,000		$	52,124,000
Operating Leases Liabilities - Current Portion	$	-	$	547,000		$	547,000
Total Current Liabilities	$	29,007,000	$	547,000		$	29,554,000
Operating Leases Liabilities - Net of Current Portion	$	-	$	4,986,000		$	4,986,000
Deferred Rent	$	1,165,000	$	(1,165,000	)	$	-
Total Liabilities	$	36,150,000	$	4,368,000		$	40,518,000
Total Liabilities and Stockholders' Equity	$	47,756,000	$	4,368,000		$	52,124,000

	December 31,
	2019
Weighted Average Remaining Lease Term - in years		6.32
Weighted Average discount rate - %		9.50	%

Subsequent Events

On March 11, 2020, the World Health Organization announced that infections caused by the coronavirus disease of 2019 ("COVID-19") had become pandemic, and on March 13, 2020, the U.S. President announced a national Emergency relating to the disease. National, state and local authorities have adopted various regulations and orders, including mandates on the number of people that may gather in one location and closing non-essential businesses. To date, the Company has been deemed an essential business and has not curtailed its operations.

The measures adopted by various governments and agencies, as well as the likelihood that many individuals and businesses will voluntarily shut down or self-quarantine, are expected to have serious adverse impacts on domestic and foreign economies of uncertain severity and duration. The effectiveness of economic stabilization efforts which may be adopted by governments is uncertain. The likely overall economic impact of the COVID-19 pandemic will be highly negative to the general economy. While the Company continues to operate in the normal course, they may be forced to close or reduce operations for reasons such as the health of its employees or because of disruptions in the continued operation of its supply chain and sources of supply. At this time, the Company cannot forecast with any certainty whether and to what degree the disruptions caused by the COVID-19 pandemic will increase, or the extent to which the disruption may materially impact its consolidated financial position, consolidated results of operations, and consolidated cash flows in fiscal 2020.

Management has evaluated subsequent events through the date of this filing.

Discontinued Operations

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

Note 2. DISCONTINUED OPERATIONS

As discussed in Note 1, the Company closed EPC and ECC as of March 31, 2019. Also, as discussed in Note 1, the Company sold WMI in December 2018. As such, these subsidiaries are reported as discontinued operations for the years ended December 31, 2019 and 2018. As required, the Company has retrospectively recast its consolidated statements of operations and balance sheets for all periods presented. The Company has not segregated the cash flows of these subsidiaries in the consolidated statements of cash flows. Management was also required to make certain assumptions and apply judgment to determine historical expenses related to the discontinued operations presented in prior periods. Unless noted otherwise, discussion in the Notes to Consolidated Financial Statements refers to the Company's continuing operations only.

The following table presents a reconciliation of the major financial lines constituting the results of operations for discontinued operations to the net loss from discontinued operations presented separately in the consolidated statement of operations:

	December 31,
	2019			2018
Net revenue		132,000			15,631,000
Cost of goods sold		105,000			15,406,000
Gross profit		27,000			225,000
Operating expenses:
Selling, general and administrative		155,000			1,830,000
Impairment of Goodwill		-			(109,000	)
Impairment on abandonment of assets		-			(386,000	)
Total operating expenses		(128,000	)		(2,100,000	)
Interest expense		(3,000	)		(4,000	)
Other income (expense), net		(3,000	)		7,000
Loss from discontinued operations before income taxes		(134,000	)		(2,097,000	)

Provision for income taxes		-			(3,000	)
Loss from discontinued operations, net of taxes		(134,000	)		(2,100,000	)

The following table presents a reconciliation of WMI's net cash flow from operating, investing and financing activities for the periods indicated below:

	2019			2018
Net cash used in operating activities - discontinued operations	$	(149,000	)	$	(439,000	)
Net cash used in investing activities - discontinued operations	$	-		$	49,000
Net cash provided by financing activities - discontinued operations	$	-		$	475,000

Depreciation and amortization	$	(6,000	)	$	156,000

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Note 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principal Business Activity

The Company, through its AIM subsidiary, is primarily engaged in manufacturing aircraft structural parts and assemblies for prime defense contractors in the aerospace industry in the United States. NTW is a manufacturer of aerospace components, principally landing gear for F-16 and F-18 fighter aircraft. Sterling manufactures components and provides services for jet engines and ground-power turbines. The Company's customers consist mainly of publicly traded companies in the aerospace industry.

Principles of Consolidation

The accompanying consolidated financial statements include accounts of the Company and its wholly-owned subsidiaries. Significant intercompany accounts and transactions have been eliminated in consolidation.

Discontinued Operations

Prior to the closure of EPC and ECC, the results of operations were included in continuing operations, once it was determined to close both subsidiaries, the results were reclassified to discontinued operations (see "Note 2 – Discontinued Operations"). Prior to its sale, WMI was classified as a discontinued operation (see "Note 2 - Discontinued Operations"). As required, the Company has retrospectively recast its consolidated statements of operations and balance sheets for all periods presented to reflect these subsidiaries as discontinued operations. The Company has not segregated the cash flows of these subsidiaries in the consolidated statements of cash flows. Management was also required to make certain assumptions and apply judgment to determine historical expenses related to the discontinued operations presented in prior periods. Unless noted otherwise, discussion in the Notes to Consolidated Financial Statements refers to the Company's continuing operations.

Cash and Cash Equivalents

Cash and cash equivalents include all highly liquid instruments with an original maturity of three months or less.

Accounts Receivable

Accounts receivable are reported at their outstanding unpaid principal balances net of allowances for uncollectible accounts. The Company provides for allowances for uncollectible receivables based on management's estimate of uncollectible amounts considering age, collection history, and any other factors considered appropriate. The Company writes off accounts receivable against the allowance for doubtful accounts when a balance is determined to be uncollectible.

Going Concern

At each reporting period, the Company evaluates whether there are conditions or events that raise substantial doubt about its ability to continue as a going concern within one year after the date that the financial statements are issued. We are required to make certain additional disclosures if we conclude that substantial doubt exists and such concerns are not alleviated by our plans or when our plans alleviate substantial doubt about our ability to continue as a going concern. The evaluation entails analyzing prospective operating budgets and forecasts for expectations of our cash needs and comparing those needs to the current cash and cash equivalent balance and expectations regarding cash to be generated over the following year.

Inventory Valuation

The Company values inventory at the lower of cost on a first-in-first-out basis or an estimated net realizable value. The Company does not take physical inventories at interim quarterly reporting periods, however a full physical inventory is taken annually. Adjustments to reconcile the annual physical inventory to the Company's books are treated as changes in accounting estimates and are recorded in the fourth quarter.

The Company generally purchases raw materials and supplies uniquely suited to the production of larger more complex parts, such as landing gear, only when non-cancellable contracts for orders have been received for finished goods. It occasionally produces larger more complex products, such as landing gear, in excess of purchase order quantities in anticipation of future purchase order demand. Historically this excess has been used in fulfilling future purchase orders. The Company purchases supplies and materials useful in a variety of products as deemed necessary even though orders have not been received. The Company periodically evaluates inventory items that are not secured by purchase orders and establishes write-downs to estimated net realizable value for obsolescence accordingly. The Company also writes-down inventory to estimated net realizable value for excess quantities, slow-moving goods, and for other impairments of value.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets include purchase deposits, miscellaneous prepaid expenses and cash in escrow less a reserve. The changes in the reserve are shown below.

	Balance at Beginning of		Charges to Loss on Sale				Balance at
Description	Year		of Subsidiary		Deductions		end of year
Valuation reserve deducted from Prepaid
Expenses and Other Current Assets:
Year ended December 31, 2019	$	1,770,000	$	-	$	-	$	1,770,000
Year ended December 31, 2018	$	-	$	1,770,000	$	-	$	1,770,000

Capitalized Engineering Costs

The Company has contractual agreements with customers to produce parts, which the customers design. Even though the Company has not designed and thus has no proprietary ownership of the parts, the manufacturing of these parts requires pre-production engineering and programming of the Company's machines. Prior to January 1, 2019, the pre-production costs associated with a particular contract were capitalized and then amortized beginning with the first shipment of product pursuant to such contract. These costs were amortized on a straight-line basis over the estimated length of the contract, or if shorter, three years.

As of December 31, 2018, the Company, changed its policy to no longer capitalize pre-production engineering expenses and instead expenses those costs as incurred, and accordingly wrote off all capitalized engineering costs as of December 31, 2018.

Property and Equipment

Property and equipment are carried at cost net of accumulated depreciation and amortization. Repair and maintenance charges are expensed as incurred. Property, equipment, and improvements are depreciated using the straight-line method over the estimated useful lives of the assets or the particular improvements. Expenditures for repairs and improvements in excess of $10,000 that add to the productive capacity or extend the useful life of an asset are capitalized. Upon disposition, the cost and related accumulated depreciation are removed from the accounts and any related gain or loss is reflected in earnings.

Long-Lived and Intangible Assets

Identifiable intangible assets are amortized using the straight-line method over the period of expected benefit.

Long-lived assets and intangible assets subject to amortization to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the related carrying amount may be impaired. The Company records an impairment loss if the undiscounted future cash flows are found to be less than the carrying amount of the asset. If an impairment loss has occurred, a charge is recorded to reduce the carrying amount of the asset to fair value. For the year ended December 31, 2019 the Company recorded an impairment charge of $275,000 included in continuing operations and for the year ended December 31, 2018 the Company recorded an impairment charge of $495,000 that was included in discontinued operations.

Deferred Financing Costs

Costs incurred with obtaining and executing revolving debt arrangements are capitalized and recorded in current assets and amortized using the effective interest method over the term of the related debt. Costs incurred with obtaining and executing other debt arrangements are presented as a direct deduction from the carrying value of the associated debt and also amortized using the effective interest method over the term of the related debt. The amortization of financing costs are included in interest and financing costs in the statement of operations.

Derivative Liabilities

In connection with the issuances of equity instruments or debt, the Company may issue options or warrants to purchase common stock. In certain circumstances, these options or warrants may be classified as liabilities, rather than as equity. In addition, the equity instrument or debt may contain embedded derivative instruments, such as conversion options or listing requirements, which in certain circumstances may be required to be bifurcated from the associated host instrument and accounted for separately as a derivative liability instrument. The Company accounts for derivative liability instruments under the provisions of FASB ASC 815, Derivatives and Hedging.

Revenue Recognition

The Company accounts for revenue recognition in accordance with accounting guidance codified as FASB ASC 606 "Revenue from Contracts with Customers", as amended regarding revenue from contracts with customers using the modified retrospective approach, which was applied to all contracts with Customers. Under the new standard an entity is required to recognize revenue to depict the transfer of promised goods to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods.

Under ASC 606, revenue is recognized as the customer obtains control of the goods and services promised in the contract (i.e., performance obligations). In evaluating our contracts with our customers under ASC 606, we have determined that there is no future performance obligation once delivery has occurred.

There was no cumulative financial statement effect of initially adopting and applying the new revenue standard in 2018 because an analysis of our contracts supported the recognition of revenue consistent with our historical approach. In accordance with the modified retrospective approach, the comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods.

The Company's revenues are primarily derived from consideration paid by customers for tangible goods. The Company analyzes its different goods by segment to determine the appropriate basis for revenue recognition, as described below. There are no material upfront costs for operations that are incurred from contracts with customers.

Our rights to payments for goods transferred to customers are conditional only on the passage of time and not on any other criteria. Payment terms and conditions vary by contract, although terms generally include a requirement of payment within 30 to 75 days.

Payments received in advance from customers are recorded as deferred revenue until earned, at which time revenue is recognized. The Terms and Conditions contained in our customer purchase orders often provide for liquidated damages in the event that a stop work order is issued prior to the final delivery. The Company utilizes a Returned Merchandise Authorization or RMA process for determining whether to accept returned products. Customer requests to return products are reviewed by the contracts department and if the request is approved, a credit is issued upon receipt of the product. Net sales represent gross sales less returns and allowances.

For 2018, the Company recognized certain revenues under a bill and hold arrangement with two of its large customers. For any requested bill and hold arrangement, the Company made an evaluation as to whether the bill and hold arrangement qualified for revenue recognition. The customer would initiate the request for the bill and hold arrangement. The customer must have made its request in writing in addition to their fixed commitment to purchase the item. The risk of ownership has passed to the customer, payment terms were not modified and payment would be made if the goods had shipped.

The Company had approximately $0 and $89,000 of net sales that were billed but not shipped under such bill and hold arrangements as of December 31, 2019 and 2018, respectively.

Use of Estimates

In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts in the financial statements and accompanying notes. The more significant management estimates are the allowance for doubtful accounts, useful lives of property and equipment, provisions for inventory obsolescence, accrued expenses and whether to accrue for various contingencies. Actual results could differ from those estimates. Changes in facts and circumstances may result in revised estimates, which are recorded in the period in which they become known.

Credit and Concentration Risks

There were three customers that represented 76.0% of total sales, and three customers that represented 72.7% of total sales for the years ended December 31, 2019 and 2018, respectively. This is set forth in the table below.

	Percentage of Sales
Customer	2019		2018

1		34.20		31.90
2		30.40		28.50
3		11.40		12.30

There were three customers that represented 67.8% of gross accounts receivable and two customers that represented 64.5% of gross accounts receivable at December 31, 2019 and 2018, respectively. This is set forth in the table below.

	Percentage of Receivables
	December		December
Customer	2019		2018
1		32.70		38.30
2		25.10		26.20
3		10.00		*

*Customer was less than 10% of gross accounts receivable at December 31, 2018

During the year, the Company had occasionally maintained balances in its bank accounts that were in excess of the FDIC limit. The Company has not experienced any losses on these accounts.

The Company has several key sole-source suppliers of various parts that are important for one or more of its products. These suppliers are its only source for such parts and, therefore, in the event any of them were to go out of business or be unable to provide parts for any reason, its business could be severely harmed.

Income Taxes

The Company accounts for income taxes in accordance with accounting guidance now codified as FASB ASC 740, "Income Taxes," which requires that the Company recognize deferred tax liabilities and assets based on the differences between the financial statement carrying amounts and the tax bases of assets and liabilities, using enacted tax rates in effect in the years the differences are expected to reverse.

The provision for, or benefit from, income taxes includes deferred taxes resulting from the temporary differences in income for financial and tax purposes using the liability method. Such temporary differences result primarily from the differences in the carrying value of assets and liabilities. Future realization of deferred income tax assets requires sufficient taxable income within the carryback, carryforward period available under tax law. We evaluate, on a quarterly basis whether, based on all available evidence, it is probable that the deferred income tax assets are realizable. Valuation allowances are established when it is more likely than not that the tax benefit of the deferred tax asset will not be realized. The evaluation, as prescribed by ASC 740-10, "Income Taxes," includes the consideration of all available evidence, both positive and negative, regarding historical operating results including recent years with reported losses, the estimated timing of future reversals of existing taxable temporary differences, estimated future taxable income exclusive of reversing temporary differences and carryforwards, and potential tax planning strategies which may be employed to prevent an operating loss or tax credit carryforward from expiring unused.

The Company accounts for uncertainties in income taxes under the provisions of FASB ASC 740-10-05 (the "Subtopic"). The Subtopic clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. The Subtopic prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Subtopic provides guidance on the de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

Earnings per share

Basic earnings per share is computed by dividing the net income applicable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Potentially dilutive shares, using the treasury stock method, are included in the diluted per-share calculations for all periods when the effect of their inclusion is dilutive.

The following is a reconciliation of the denominators of basic and diluted earnings per share computations:

	2019		2018

Weighted average shares outstanding used to compute basic earnings per share		28,851,816		26,897,639
Effect of dilutive stock options and warrants		-		-
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share		28,851,816		26,897,639

The following securities have been excluded from the calculation as the exercise price was greater than the average market price of the common shares:

	December 31,		December 31,
	2019		2018
Stock Options		800,000		568,000
Warrants		1,903,000		1,960,000
		2,703,000		2,528,000

The following securities have been excluded from the calculation even though the exercise price was less than the average market price of the common shares because the effect of including these potential shares was anti-dilutive due to the net loss incurred during the years:

	December 31,		December 31,
	2019		2018
Stock Options		570,000		3,000
Warrants		500		7,000
		570,500		10,000

Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with FASB ASC 718, "Compensation – Stock Compensation." Under the fair value recognition provision of the ASC, stock-based compensation cost is estimated at the grant date based on the fair value of the award. The Company estimates the fair value of stock options and warrants granted using the Black-Scholes-Merton option pricing model and stock grants at their closing reported market value. Stock compensation expense for employees amounted to $378,000 and $293,000 for the years ended December 31, 2019 and 2018, respectively. Stock compensation expense for directors amounted to $244,000 and $305,000 for the years ended December 31, 2019 and 2018, respectively. Stock compensation expenses for employees and directors were included in operating expenses on the accompanying Consolidated Statement of Operations.

Goodwill

Goodwill represents the excess of the acquisition cost of businesses over the fair value of the identifiable net assets acquired. The goodwill amount of $163,000 at December 31, 2019 and 2018 relates to the acquisition of NTW.

The Company accounts for the impairment of goodwill under the provisions of ASU 2011-08 ("ASU 2011-08"), "Intangibles Goodwill and Other (Topic 350): Testing Goodwill for Impairment." ASU 2011-08 updated the guidance on the periodic testing of goodwill for impairment. The updated guidance gives companies the option to perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.

The Company performs impairment testing for goodwill annually, or more frequently when indicators of impairment exist. As discussed above, the Company adopted ASU 2011-08 and performs a qualitative assessment in the fourth quarter of each year to determine whether it was more likely than not that the fair value of a reporting unit is less than its carting amount.

The Company determined that there has been no impairment of goodwill at December 31, 2019.

During 2018 the company determined that goodwill for ECC in the amount of $109,000 had been impaired and is included in the loss from discontinued operations.

Freight Out

Freight out is included in operating expenses and amounted to $134,000 and $151,000 for the years ended December 31, 2019 and 2018, respectively.

JOBS Act

On April 5, 2012, the JOBS Act was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. An "emerging growth company," may, under Section 7(a)(2)(B) of the Securities Act, delay adoption of new or revised accounting standards applicable to public companies until such standards would otherwise apply to private companies. An "emerging growth company" is one with less than $1.0 billion in annual sales, that has less than $700 million in market value of its shares of common stock held by non-affiliates and issues less than $1.0 billion of non-convertible debt over a three-year period. A company may take advantage of this extended transition period until the first to occur of the date that it (i) is no longer an "emerging growth company" or (ii) affirmatively and irrevocably opts out of this extended transition period. The Company had elected to take advantage of the benefits of this extended transition period until December 31, 2018, the date that it was no longer an "emerging growth company".

Recently Issued Accounting Pronouncements

In November 2019, the FASB issued ASU No. 2019-08, Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606), which amended Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, and ASC 718, Compensation — Stock Compensation. The amendments require entities to measure and classify in accordance with ASC 718 share-based payments that are granted to a customer in a revenue arrangement and are not in exchange for a distinct good or service. ASC 2019-08 is effective for annual reporting periods beginning after December 15, 2019, including interim reporting periods within those annual reporting periods. The Company is in the process of determining the impact the adoption will have on its consolidated financial statements.

In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12"), which is intended to simplify various aspects related to accounting for income taxes. ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020, with early adoption permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements and related disclosures.

In October 2018, the FASB issued ASU No. 2018-17, "Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities" ("ASU 2018-17"). This ASU reduces the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs). A VIE is an organization in which consolidation is not based on a majority of voting rights. The new guidance supersedes the private company alternative for common control leasing arrangements issued in 2014 and expands it to all qualifying common control arrangements. The amendments in this ASU are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently assessing the impact the adoption of ASU 2018- 17 will have on the Company's consolidated financial statements.

The Company does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying consolidated financial statements.

Reclassifications

Reclassifications occurred to certain 2018 amounts to conform to the 2019 classification.

Accounts Receivable

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

ACCOUNTS RECEIVABLE

Note 4. ACCOUNTS RECEIVABLE

The components of accounts receivable at December 31, are detailed as follows:

	December 31,			December 31,
	2019			2018

Accounts Receivable Gross	$	8,717,000		$	7,046,000
Allowance for Doubtful Accounts		(859,000	)		(524,000	)
Accounts Receivable Net	$	7,858,000		$	6,522,000

The allowance for doubtful accounts for the years ended December 31, 2019 and 2018 is as follows:

	Balance at Beginning of Year		Charged to Costs and Expenses		Deductions from Reserves		Balance at End of Year
Year ended December 31, 2019 Allowance for Doubtful Accounts	$	524,000	$	556,000	$	221,000	$	859,000
Year ended December 31, 2018 Allowance for Doubtful Accounts	$	494,000	$	30,000	$	-	$	524,000

Inventory

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORY

Note 5. INVENTORY

The components of inventory at December 31, consisted of the following:

	December 31,		December 31,
	2019		2018

Raw Materials	$	4,574,000	$	4,622,000
Work In Progress		18,452,000		17,530,000
Finished Goods		5,620,000		6,899,000
Total Inventory	$	28,646,000	$	29,051,000

The Company periodically evaluates inventory and establishes reserves for obsolescence, excess quantities, slow-moving goods, and for other impairment of value.

Property and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Note 6. PROPERTY AND EQUIPMENT

The components of property and equipment at December 31, consisted of the following:

	December 31,			December 31,
	2019			2018

Land	$	300,000		$	300,000
Buildings and Improvements		1,650,000			1,708,000
Machinery and Equipment		12,251,000			11,579,000
Finance Lease Machinery and Equipment		6,495,000			6,495,000
Tools and Instruments		11,021,000			9,882,000
Automotive Equipment		177,000			177,000
Furniture and Fixtures		290,000			303,000
Leasehold Improvements		530,000			520,000
Computers and Software		425,000			425,000
Total Property and Equipment		33,139,000			31,389,000
Less: Accumulated Depreciation		(25,561,000	)		(22,612,000	)
Property and Equipment, net	$	7,578,000		$	8,777,000

Depreciation expense for the years ended December 31, 2019 and 2018 was approximately $3,002,000 and $2,692,000, respectively. Assets held under finance lease obligations are depreciated over the shorter of their related lease terms or their estimated productive lives. Depreciation of assets under finance leases is included in depreciation expense for 2019 and 2018. Accumulated depreciation on these assets was approximately $5,936,000 and $4,827,000 as of December 31, 2019 and 2018, respectively.

Accounts Payable and Accrued Expenses

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Note 7. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

The components of accounts payable at December 31, are detailed as follows:

	December 31,		December 31,
	2019		2018

Accounts Payable	$	6,576,000	$	6,782,000
Accrued Expenses		1,529,000		1,941,000
	$	8,105,000	$	8,723,000

Sale and Leaseback Transaction

12 Months Ended

Dec. 31, 2019

Sale and Leaseback Transaction [Abstract]

SALE AND LEASEBACK TRANSACTION

Note 8. SALE AND LEASEBACK TRANSACTION

On October 24, 2006, the Company consummated a Sale - Leaseback Arrangement, whereby the Company sold the buildings and real property located in Bay Shore, New York (the "Bay Shore Property") for a purchase price of $6,200,000. The Company realized a gain on the sale of $1,051,000 of which $300,000 was recognized during the year ended December 31, 2006. The remaining $751,000 is being recognized ratably over the remaining term of the twenty - year lease at approximately $38,000 per year. The gain is included in Other Income in the accompanying Consolidated Statements of Operations. The unrecognized portion of the gain in the amount of $257,000 and $295,000 as of December 31, 2019 and 2018, respectively, is classified as Deferred Gain on Sale in the accompanying Consolidated Balance Sheets.

Simultaneous with the closing of the sale of the Bay Shore Property, the Company entered into a 20-year triple- net lease (the "Lease") with the purchaser for the property. Base annual rent is approximately $540,000 for the first five years, $560,000 for the sixth year, and thereafter increases 3% per year. The Lease grants the Company an option to renew the Lease for an additional period of five years. The Company has on deposit with the purchaser $89,000 as security for the performance of its obligations under the Lease. In addition, the Company has on deposit $150,000 with the landlord as security for the completion of certain repairs and upgrades to the Bay Shore Property. This amount is included in the caption Deferred Finance costs, Net, Deposit and Other Assets in the accompanying Consolidated Balance Sheets. Pursuant to the terms of the Lease, the Company is required to pay all of the costs associated with the operation of the facilities, including, without limitation, insurance, taxes and maintenance. The lease also contains customary representations, warranties, obligations, conditions and indemnification provisions and grants the purchaser customary remedies upon a breach of the lease by the Company, including the right to terminate the Lease and hold the Company liable for any deficiency in future rent. See Note 14 Commitments and Contingencies.

The Company accounted for these transactions under the provisions of FASB ASC 840-40, "Leases-Sale-Leaseback Transactions".

Notes Payable, Related Party Notes Payable and Finance Lease Obligations

12 Months Ended

Dec. 31, 2019

Notes and Loans Payable [Abstract]

NOTES PAYABLE, RELATED PARTY NOTES PAYABLE AND FINANCE LEASE OBLIGATIONS

Note 9. NOTES PAYABLE, RELATED PARTY NOTES PAYABLE AND FINANCE LEASE OBLIGATIONS

Notes payable, related party notes payable and finance lease obligations consist of the following:

	December 31,			December 31,
	2019			2018

Revolving credit note payable to Sterling National Bank ("SNB")	$	12,543,000		$	-
Revolving credit note payable to PNC Bank N.A. ("PNC")		-			14,043,000
Term loans, SNB		3,800,000			-
Term loans, PNC		-			1,572,000
Finance lease obligations		22,000			1,786,000
Loan Payable - financed asset		385,000			-
Related party notes payable, net of debt discount		6,862,000			4,835,000
Convertible notes payable - third parties, net of debt discount		2,338,000			2,830,000
Subtotal		25,950,000			25,066,000
Less: Current portion of notes and capital obligations		(22,544,000	)		(19,345,000	)
Notes payable, related party notes payable and finance lease obligations, net of current portion	$	3,406,000		$	5,721,000

Sterling National Bank ("SNB")

On December 31, 2019, the Company entered into a new loan facility ("SNB Facility") with Sterling National Bank, ("SNB"), and paid off our outstanding loan facility ("PNC Facility") with PNC Bank N.A. ("PNC"). The new Loan Facility provides for a $16,000,000 revolving loan ("SNB revolving line of credit") and a term loan ("SNB term loan") with a balance of $3,800,000 at December 31, 2019. The repayment terms of the SNB Term Loan provide for monthly principal installments in the amount of $45,238, payable on the first business day of each month, beginning on February 1, 2020, with a final payment of any unpaid balance of principal and interest payable on the scheduled maturity date.

The terms of the SNB Facility require that, among other things, the Company maintain a specified Fixed Charge Coverage Ratio of 1.25 to 1.00 at the end of each Fiscal Quarter beginning with the Fiscal Quarter ending March 31, 2020. In addition, the Company is limited in the amount of Capital Expenditures we can make. The SNB Facility also restricts the amount of dividends we may pay to our stockholders. Substantially all of the Company's assets are pledged as collateral under the SNB Facility.

As of December 31, 2019 the future minimum principal payments for the term loan are as follows:

For the year ending	Amount
December 31, 2020	$	498,000
December 31, 2021		543,000
December 31, 2022		2,759,000
SNB Term Loans payable		3,800,000
Less: Current portion		(498,000	)
Long-term portion	$	3,302,000

Under the terms of the SNB Facility, both the SNB revolving line of credit and the SNB term loan will bear an interest rate equal to 30-day LIBOR, plus 2.5% (with a floor of 3.5%).

As of December 31, 2019, our debt to SNB in the amount of $16,343,000 consisted of the SNB revolving line of credit note in the amount of $12,543,000 and the SNB term loan in the amount of $3,800,000. No interest expense was incurred on the SNB Facility during 2019.

PNC Bank N.A. ("PNC")

Under the PNC Facility, substantially all of the Company's assets were pledged as collateral. The Company was required to maintain a lockbox account with PNC, into which substantially all of its cash receipts were paid. The PNC Facility provided for a $15,000,000 revolving line of credit ("PNC revolving line of credit") and a term loan ("PNC term loan"). The repayment terms of the PNC term loan provided for monthly principal installments in the amount of $123,133, payable on the first business day of each month, with a final payment of any unpaid balance of principal and interest payable on the scheduled maturity date. On December 31, 2019, both the PNC revolving line of credit and PNC term loan were paid in full and all assets that were previously pledged as collateral were released.

The terms of the PNC Facility require, among other things, that the Company maintain a specified Fixed Charge Coverage Ratio and maintain a minimum EBITDA (as defined in the Loan Facility) for specified periods. In addition, it limited the amount of Capital Expenditures the Company could make. The Company was also limited in the amount of dividends it could pay.

The PNC Loan Facility was amended many times during its term, most recently on January 2, 2019 (the "Seventeenth Amendment") and February 8, 2019 (the "Eighteenth Amendment").

The Seventeenth Amendment extended the term of the PNC Loan Facility from December 31, 2018 to December 31, 2019. Under the terms of the Seventeenth Amendment, the revolving loan and the Term Loan bear interest at a rate equal to the sum of the Alternate Base Rate (as defined in the Loan Agreement) plus four percent (4%). In addition to the amounts available as revolving loans secured by inventory and receivables pursuant to the formula set forth in the Loan Agreement, PNC agreed to permit the revolving advances to exceed the formula amount by $1,000,000 as of December 31, 2018, provided that the Company reduced the "Out-of-Formula Loan" by $25,000 per week commencing April 1, 2019, with the unpaid balance payable in full on December 31, 2019. The indebtedness under the revolving loan and the Term Loan are classified with the current portion of notes and finance lease obligations.

As a condition to PNC's agreement to extend the maturity of the obligations due under the Loan Agreement (the "Obligations"), the Company was obligated to pay PNC an extension fee of (i) $250,000 on the earlier of (a) the date the Obligations were indefeasibly paid in full or (b) June 30, 2019, (ii) $125,000 on the earlier of (a) the date the Obligations were indefeasibly paid in full or (b) December 31, 2019, which amount was deemed earned in full if the Obligations have not been satisfied as of July 1, 2019, (iii) $125,000 on the earlier of (a) the date the Obligations were indefeasibly paid in full or (b) December 31, 2019, which amount was deemed earned in full if the Obligations had not been satisfied as of October 1, 2019 (iv) $500,000 on December 31, 2019, which amount was deemed earned in full if the Obligations had not been satisfied as of December 31, 2019. The Obligations were fully satisfied on December 31, 2019 and the Company did not have to pay the final $500,000. As a further condition to PNC's agreement to extend the maturity of the Obligations, Michael and Robert Taglich purchased $2,000,000 principal amount of our Senior Subordinated Convertible Notes and arranged a financing giving purchasers a right to receive a pro rata portion of the AMK Revenue Stream Payments resulting in gross proceeds of $800,000, including $275,000 from Michael and Robert Taglich.

The Eighteenth Amendment required the Company to maintain a minimum EBITDA of not less than (i) $1,500,000 for the twelve-month period ending December 31, 2018, (ii) $655,000 for the three-month period ending March 31, 2019, (iii) $1,860,000 for the six-month period ending June 30, 2019 and (iv) $3,110,000 for the nine-month period ending September 30, 2019. At December 31, 2018 we were in compliance with the minimum EBIDA covenant.

As of December 31, 2019, our debt to PNC was paid in full. As of December 31, 2018, our debt to PNC in the amount of $15,615,000 consisted of the revolving credit note due to PNC in the amount of $14,043,000 and the term loan due to PNC in the amount of $1,572,000.

Interest expense related to these credit facilities amounted to approximately $1,860,000 and $1,775,000 for the years ended December 31, 2019 and 2018, respectively.

Finance Lease Obligations – Equipment

The Company is committed under several financing leases for manufacturing and computer equipment. All leases have bargain purchase options exercisable at the termination of each lease. Financing lease obligations totaled $22,000 and $1,786,000 as of December 31, 2019 and 2018, respectively, with various interest rates ranging from approximately 4% to 9%.

The aggregate future minimum lease payments on the finance lease obligations, including imputed interest, with remaining terms of greater than one year are as follows:

For the year ending	Amount
December 31, 2020	$	15,000
December 31, 2021		5,000
December 31, 2022		2,000
Thereafter		-
Total future minimum lease payments		22,000
Less: imputed interest		(1,000	)
Less: current portion		(15,000	)
Total Long Term Portion	$	6,000

Related Party Notes Payable

Taglich Brothers, Inc. is a corporation co-founded by two directors of the Company, Michael and Robert Taglich. In addition, a third director of the Company is a vice president of Taglich Brothers, Inc.

Taglich Brothers, Inc. has acted as placement agent for various debt and equity financing transactions and has received cash and equity compensation for their services. In addition, Michael and Robert Taglich have also invested as individuals in the Company a total of $ 12,440,000 through December 31, 2019 via various debt and equity financings.

On January 15, 2019, the Company issued its 7% senior subordinated convertible promissory notes due December 31, 2020, each in the principal amount of $1,000,000 (together, the "7% Notes"), to Michael Taglich and Robert Taglich, each for a purchase price of $1,000,000. The 7% Notes bear interest at the rate of 7% per annum, are convertible into shares of the Company's common stock at a conversion price of $0.93 per share, subject to the anti-dilution adjustments set forth in the 7% Notes, were subordinate to the Company's indebtedness under its credit facility with PNC Bank, National Association, and are now subordinate to the Company's indebtedness under its credit facility with Sterling National Bank and mature at December 31, 2020, or earlier upon an Event of Default.

In connection with the 7% Notes, the Company paid Taglich Brothers, Inc. a fee of $80,000 (4% of the purchase price of the 7% Notes), paid in the form of a promissory note having terms substantially identical to the 7% Notes.

On June 26, 2019, the Company was advanced $250,000 from each of Michael and Robert Taglich. These notes bear interest at a rate of 12% per annum. In connection with these notes the Company issued 37,500 shares of stock to each of Michael and Robert Taglich. The maturity date of these notes was June 30, 2020 but have been extended to December 31, 2020.

On October 21, 2019, the Company was advanced $1,000,000 from Michael Taglich. This advance was repaid on January 2, 2020. The interest rate on this advance was 12% per annum.

From November 23, 2016 through March 21, 2017, the Company received gross proceeds of $1,950,000 from Robert and Michael Taglich, from the sale of an equal principal amount of its 8% Subordinated Convertible Notes (the "8% Notes"). See "Private Placements of 8% Subordinated Convertible Notes" below.

Private Placement of Subordinated Notes due May 31, 2019, together with Shares of Common Stock

On March 29, 2018 and April 4, 2018, Michael Taglich and Robert Taglich advanced $1,000,000 and $100,000, respectively, to the Company for use as working capital. The Company subsequently issued its Subordinated Notes originally due May 31, 2019 to Michael Taglich and Robert Taglich, together with shares of common stock, in the financing described below, to evidence its obligation to repay the foregoing advances.

In May 2018, the Company issued $1,200,000 of Subordinated Notes due May 31, 2019 (the "2019 Notes"), together with a total of 214,762 shares of common stock (the "Shares"), to Michael Taglich, Robert Taglich and another accredited investor. As part of the financing, the Company issued to Michael Taglich $1,000,000 principal amount of 2019 Notes and 178,571 shares of common stock for a purchase price of $1,000,000 and the Company issued to Robert Taglich $100,000 principal amount of 2019 Notes and 17,857 shares of common stock. The Company issued and sold a 2019 Note in the principal amount of $100,000, plus 18,334 shares of common stock, to the other accredited investor for a purchase price of $100,000. This additional note was paid in full on January 2, 2020. Seventy percent (70%) of the total purchase price for the 2019 Notes and Shares purchased by each investor has been allocated to the 2019 Notes with the remaining thirty percent (30%) allocated to the Shares purchased with the 2019 Notes. The number of Shares purchased by Michael Taglich and Robert Taglich was calculated based upon $1.68, the closing price of the common stock on May 20, 2018, the trading day immediately preceding the date they purchased the 2019 Notes and shares of common stock.

Interest on the 2019 Notes is payable on the outstanding principal amount thereof at the rate of one percent (1%) per month, payable monthly commencing June 30, 2018. Upon the occurrence and continuation of a failure to pay accrued interest, interest shall accrue and be payable on such amount at the rate of 1.25% per month; provided that upon the occurrence and continuation of a failure to timely pay the principal amount of the 2019 Note, interest shall accrue and be payable on such principal amount at the rate of 1.25% per month and shall no longer be payable on interest accrued but unpaid. The 2019 Notes are subordinate to the Company's obligations to SNB.

Taglich Brothers acted as placement agent for the offering and received a commission in the aggregate amount of 4% of the amount invested which was paid in kind.

The gross proceeds of $1,200,000 was completed in the following closings:

							Common
Date	Gross Proceeds		Promissory Note		$		Stock Price		Shares
3/29/2018	$	1,000,000	$	700,000	$	300,000		1.68	$	178,571
4/4/2018		100,000		70,000		30,000		1.68		17,857
5/21/2018		100,000		70,000		30,000		1.64		18,334

Total	$	1,200,000	$	840,000	$	360,000			$	214,762

During the second quarter of 2019, the maturity date of the 2019 Notes was extended to June 30, 2020. The interest rate of the notes remains at 12% per annum. In connection with the extension, 180,000 shares of common stock were issued on a pro-rata basis to each of the note holders, including 150,000 shares to Michael Taglich and 15,000 shares to Robert Taglich at $1.01 per share or $182,000. The costs have been recorded as a debt discount, and are being accreted over the revised term. In connection with the SNB Loan facility, Michael and Robert Taglich agreed to extend the maturity date of the 2019 Notes to December 31, 2020.

Private Placements of 8% Subordinated Convertible Notes and Amendments Thereto

From November 23, 2016 through March 21, 2017, the Company received gross proceeds of $4,775,000, of which $1,950,000 were received from Robert and Michael Taglich, from the sale of an equal principal amount of our 8% Subordinated Convertible Notes (the "8% Notes"), together with warrants to purchase a total of 383,080 shares of our common stock, in private placement transactions with accredited investors (the "8% Note Offerings"). In connection with the offering of the 8% Notes, the Company issued 8% Notes in the aggregate principal amount of $382,000 to Taglich Brothers, Inc., placement agent for the 8% Note Offerings, in lieu of payment of cash compensation for sales commissions, together with warrants to purchase a total of 180,977 shares of our common stock. Payment of the principal and accrued interest on the 8% Notes are junior and subordinate in right of payment to our indebtedness under the Loan Facility.

Interest on the 2018 Notes is payable on the outstanding principal amount thereof at the annual rate of 8%, payable quarterly commencing February 28, 2017, in cash, or at our option, in additional 2018 Notes, provided that if accrued interest payable on $1,269,000 principal amount of the 2018 Notes issued in December 2016 is paid in additional 2018 Notes, interest for that quarterly interest payment shall be calculated at the rate of 12% per annum. Upon the occurrence and continuation of an event of default, interest shall accrue at the rate of 12% per annum.

During the year ended December 31 2018, we issued $297,000 principal amount of 8% Notes in lieu of cash payment of accrued interest. As of September 30, 2018, we had outstanding $4,775,000 principal amount of 8% Notes, of which $2,575,000 principal amount was due on November 30, 2018 and $2,200,000 principal amount was due on February 28, 2019.

In September 2018, holders of a majority of the outstanding principal amount of the 8% Notes consented to an amendment to the terms of the 8% Notes to extend the maturity date to December 31, 2020 and to provide that interest on the 8% Notes, as amended (the "Amended Notes"), shall accrue and be paid on the due date of the Amended Notes or, if earlier, upon conversion of the Amended Notes into shares of common stock.

At September 30, 2018, Michael Taglich, Robert Taglich and Taglich Brothers (collectively, the "Taglich Parties") owned $1,300,000, $650,000 and $382,000, respectively, principal amount of 8% Notes, with accrued interest thereon from the date of issuance through September 30, 2018 of $203,613, $120,097 and $68,294, respectively. In consideration for waiving all defaults in payment of principal and accrued interest on the 8% Notes through the date of the amendment, the conversion price of the Amended Notes owned by the Taglich Parties and the other holders of the Amended Notes has been reduced to $1.50 per share, subject to the anti-dilution adjustments set forth in the Amended Notes and the 8% Notes, and the Company issued to the Taglich Parties and the other holders of the 8% Notes such number of shares of common stock calculated based upon a value of $1.39 per share, the closing market price of common stock on the NYSE American on September 28, 2018, the date immediately prior to the date the holders of a majority of the outstanding principal amount of the 8% Notes approved the amendment as is equal to the interest accrued on their 8% Notes from the date of issuance through September 30, 2018. As a result the Company issued to Michael Taglich, Robert Taglich and Taglich Brothers 146,484 shares, 86,401 shares and 49,132 shares, respectively of common stock. Based on the amended conversion price, if these notes were to be converted additional shares of common stock would be issued of common stock, and therefore further reducing the Company's earnings per share. From and after September 30, 2018, interest on the unpaid principal amount of the Amended Notes shall accrue and be paid at the rate of six (6%) percent per annum, if paid in cash, or at the rate of eight (8%) percent per annum if converted into common stock.

For soliciting noteholders in connection with the adoption of the amendments, the Company agreed to pay Taglich Brothers $95,550, representing a fee equal to 2% of the outstanding principal amount of Notes whose registered holders (other than Taglich Brothers) received shares of common stock in lieu of cash payment of accrued interest on the 8% Notes as of September 30, 2018.

In December 2019, the third party holders of $580,000 of notes with accrued interest thereon of $59,000 converted their notes into approximately 426,000 shares at a per share price of $1.50. Additionally in January 2020, the third party holders of an additional $705,000 of notes with accrued interest thereon of $75,143 converted their notes into approximately 520,000 shares at a per share price of $1.50.

Related party advances and notes payable, net of debt discounts to Michael and Robert Taglich, and their affiliated entities, totaled $6,862,000 and $4,835,000, as of December 31, 2019 and 2018, respectively. Unamortized debt discounts related to these notes amounted to $226,000 and $162,000 as of December 31, 2019 and 2018, respectively. Interest incurred on these related party notes amounted to approximately $446,000 and $526,000 for the years ended December 31, 2019 and 2018, respectively. Amortization of debt discount incurred on these related party notes amounted to approximately $375,000 and $456,000 for the year ended December 31, 2019 and 2018. These costs are included in interest and financing costs in the Consolidated Statement of Operations.

All related party notes are due on December 31, 2020. There are no principal payments due on these notes until such time.

Operating Lease Liabilities

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

OPERATING LEASE LIABILITIES

Note 10. OPERATING LEASE LIABILITIES

The Company leases substantially all of its office space, technology equipment and office equipment used to conduct its business. The Company adopted ASC 842 effective January 1, 2019. For contracts entered into on or after the effective date, at the inception of a contract it assesses whether the contract is, or contains, a lease. The Company's assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether its obtains the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether it has the right to direct the use of the asset. At inception of a lease, the Company allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed.

The aggregate undiscounted cash flows of operating lease payments, with remaining terms greater than one year are as follows:

For the twelve months ended	Amount
December 31, 2020	$	1,136,000
December 31, 2021		1,118,000
December 31, 2022		868,000
December 31, 2023		895,000
December 31, 2024		923,000
Thereafter		1,681,000
Total future minimum lease payments		6,621,000
Less: discount		(1,689,000	)
Total operating lease maturities		4,932,000
Less: current portion of operating lease liabilities		(697,000	)
Total long term portion of operating lease liabilities	$	4,235,000

As part of the effort to reduce costs, corporate executive offices were moved to an existing 5.4-acre corporate campus in Bay Shore, New York. The Company remains liable under the lease for the office in Hauppauge, New York which is now vacant. This lease has a term which ends January 2022. The annual rent was approximately $113,000 for the lease year which began in January 2019 and increases by approximately 3% per annum each year thereafter. Accordingly, the Company recognized an impairment of $275,000 to its Operating Lease Right-of-Use-Asset for the year ended December 31, 2019.

Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary

12 Months Ended

Dec. 31, 2019

Placement invested percentage [Abstract]

NOTE 11. LIABILITY RELATED TO THE SALE OF FUTURE PROCEEDS FROM DISPOSITION OF SUBSIDIARY

In connection with the sale of the Company's wholly-owned subsidiary, AMK Welding, Inc. ("AMK") to Meyer Tool, Inc., ("Meyer") in 2017, Meyer was obligated to pay the Company within 30 days after the end of each calendar quarter, commencing April 1, 2017, an amount equal to five (5%) percent of the net sales of AMK for that quarter until the aggregate payments made to the Company (the "Meyer Agreement") equals $1,500,000 (the "Maximum Amount").

As of December 31, 2018, the Company received an aggregate of $363,000 under the Meyer Agreement.

In order to increase liquidity, on January 15, 2019, the Company entered into a "Purchase Agreement" with 15 accredited investors (the "Purchasers"), including Michael and Robert Taglich, pursuant to which the Company assigned to the Purchasers all of their rights, title and interest to the remaining $1,137,000 of the $1,500,000 in payments due from Meyer for the sale of AMK (the "Remaining Amount") for an immediate payment of $800,000, including $100,000 from each of Michael and Robert Taglich, and $75,000 for the benefit of the children of Michael Taglich. The timing of the payments is based upon the net sales of AMK. If the Purchasers have not received the entire Remaining Amount by March 31, 2023, they have the right to demand payment of their pro rata portion of the unpaid Remaining Amount from the Company ("Put Right"). To the extent the Purchasers exercise their Put Right, the remaining payments from Meyer will be retained by the Company.

The Purchasers have agreed to pay Taglich Brothers a fee equal to 2% per annum of the purchase price paid by such Purchasers, payable quarterly, to be deducted from the payments of the Remaining Amount, for acting as paying agent in connection with the payments from Meyer.

Although the Company sold all of its rights to the Remaining Amount, as a result of its obligation to the Purchasers, the Company is required to account for the Remaining Amount or portion thereof as income when earned. The Company recorded the $800,000 in proceeds as a liability on its consolidated balance sheet, net of transaction costs of $3,000. Transaction costs will be amortized to interest expense over the estimated life of the Purchase Agreement.

As payments are remitted to the Purchasers, the balance of the recorded liability will be effectively repaid over the life of the Purchase Agreement. To determine the amortization of the recorded liability, the Company is required to estimate the total amount of future payment to be received by the Purchasers. The Company estimates that the entire Remaining Amount will be received, and accordingly, the Remaining Amount less the $800,000 purchase price received (the "Discount") will be amortized into the liability balance and recorded as interest expense. The Discount will be amortized through the earliest date that the Purchasers can exercise their Put Right, using the straight line method (which is not materially different than the effective interest method) over the estimated life of the Purchase Agreement with the Purchasers. Periodically, the Company will assess the estimated payments to be made to the Purchasers related to the Meyer Agreement, and to the extent the amount or timing of the payments is materially different from their original estimates, the Company will prospectively adjust the amortization of the liability. The amount or timing of the payments from Meyer are not within the Company's control. Since the inception of the Purchase Agreement, the Company estimates the effective annual interest rate over the life of the agreement to be approximately 18%.

The liability is classified between the current and non-current portion of liability related to sale of future proceeds from disposition of subsidiary based on the estimated recognition of the payments to be received by the purchasers in the next 12 months from the financial statements reporting date.

During the year ended December 31, 2019, the Company recognized $282,000 of non-cash income reflected in "other income, net" on the consolidated statement of operations and recorded $85,000 of related non-cash interest expense related to the Purchase Agreement.

The table below shows the activity within the liability account for the year ended December 31, 2019:

Liabilities related to sale of future proceeds from disposition of subsidiaries - beginning balance	$	-
Cash received from sale of future proceeds from disposition of subsidiary		800,000
Non-Cash other income recognized		(282,000	)
Non-Cash interest expense recognized		85,000
Liabilities related to sale of future proceeds from disposition of subsidiary - ending balance		603,000
Less: unamortized transaction costs		(3,000	)
Liability related to sale of future proceeds from disposition of subsidiary, net	$	600,000

Stockholders' Equity

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

STOCKHOLDERS' EQUITY

Note 12. STOCKHOLDERS' EQUITY

On January 9, 2018 the Company issued and sold to 35 accredited investors an aggregate of 852,000 Shares and Warrants to purchase an additional 255,600 shares of common stock, for gross proceeds of $1,065,000. The purchase price for the Shares and Warrants was $1.25 per Share. The Company had previously sold a total of 725,390 Shares and Warrants to purchase an additional 224,400 shares of common stock for gross proceeds of $935,000 on November 29, 2017, December 5, 2017 and December 29, 2017 pursuant to the Offering.

The Warrants have an exercise price of $1.50 per share, subject to certain anti-dilution and other adjustments, including stock splits, and in the event of certain fundamental transactions such as mergers and other business combinations, and may be exercised on a cashless basis for a lesser number of shares depending upon prevailing market prices at the time of exercise. The Warrants may be exercised until November 30, 2022.

In connection with the Offering completed from November 2017 through January 2018, Taglich Brothers, Inc., a related party, which acted as placement agent for the sale of the Shares and Warrants, is entitled to a placement agent fee equal to $104,000 (8% of the amounts invested), payable at the Company's option, in cash or additional shares of common stock and warrants having the same terms and conditions as the Shares and Warrants. Michael Taglich and Robert Taglich, directors of the Company, are principals of Taglich Brothers, Inc.

On July 19, 2018, the Company issued and sold a total of 322,000 shares of common stock for gross proceeds of $460,460, or a $1.43 per share, to four accredited investors pursuant to subscription agreements.

For acting as placement agent of the offering, Taglich Brothers, Inc. is entitled to a placement agent fee equal to $27,627 (6% of the gross proceeds of the offering), payable at the Company's option, in cash or shares of Common Stock on the terms sold to the purchasers.

On October 1, 2018, the Company sold 800,000 shares of common stock and warrants to purchase 280,000 additional shares of common stock for gross proceeds of $1,000,000 to an accredited investor within the meaning of Rule 501(a) of Regulation D under the Securities Act ("Regulation D"), in a private offering exempt from the registration requirements of the Securities Act under Rule 506 of Regulation D and Section 4(a)(2) of the Securities Act. The Company agreed to pay Taglich Brothers $70,000 (7% of the gross proceeds of the offering) for acting as placement agent for the offering.

During January 2020, we issued and sold 419,597 shares of our common stock for gross proceeds of $987,009 pursuant to our S-3 filed on October 10, 2019 as updated on January 15, 2020.

During year ended December 31, 2019, the Company issued 50,000 shares of common stock in lieu of cash payment for various services provided to the Company and 257,602 shares of common stock in payment of directors' fees.

During the year ended December 31, 2018, the Company issued 123,456 shares of common stock in lieu of cash payments for various services provided to the Company and 253,071 shares of common stock in payment of directors' fees.

Employee Benefits Plans

12 Months Ended

Dec. 31, 2019

Employee Benefits Plans [Abstract]

EMPLOYEE BENEFITS PLANS

Note 13. EMPLOYEE BENEFITS PLANS

The Company employs both union and non-union employees and maintains several benefit plans.

Union

Substantially the entire workforce at AIM is subject to a union contract with the United Service Workers Union TUJAT Local 355, EIN 11-1772919 (the "Union"). The Agreement was renewed as of December 31, 2018 and expires on December 31, 2021 and covers all of AIM's production personnel, of which there are approximately 104 people. AIM is required to make a monthly contribution to each of the Union's United Welfare Fund and the United Services Worker's Security Fund. This is the only pension benefit required by the Agreement and the Company is not obligated for any future defined benefit to retirees. The Agreement contains a "no-strike" clause, whereby, during the term of the Agreement, the Union will not strike and AIM will not lockout its employees. Medical benefits for union employees are provided through a policy with Insperity, the costs of which are substantially borne by the Company. In addition, the Company is obligated to make contributions for union dues and a security fund (defined contribution plan) for the benefit of each union employee. Contributions to the security fund amounted to $137,000 and 172,000 for the years ended December 31, 2019 and 2018, respectively.

The Company adopted ASU No. 2011-09, "Compensation - Retirement Benefits-Multiemployer Plans (Subtopic 715-80): Disclosures about an Employer's Participation in a Multiemployer Plan" ("ASU 2011-09"). ASU 2011-09 requires additional disclosures about an employer's participation in a multiemployer pension plan. Previously, disclosures were limited primarily to the historical contributions made to the plans. ASU 2011-09 applies to nongovernmental entities that participate in multiemployer plans. The Union's retirement plan is a defined contribution plan. As such, the Company is not responsible for the obligations of other companies in the Union's retirement plan and no further disclosures are required.

Others

All of the Company's employees were covered under a co-employment agreement with Trinet, a professional employer organization ("PEO") that provides out-sourced human resource services. As of January 1, 2020 the Company switched its PEO to Insperity Services, Inc., which now cover our employees in a similar agreement.

The Company has two defined contribution plans under Section 401(k) of the Internal Revenue Code (the "Plans"). Pursuant to the Plans, qualified employees may contribute a percentage of their pre-tax eligible compensation to the Plan. The Company does not match any contributions that employees may make to the Plans.

Contingencies

12 Months Ended

Dec. 31, 2019

Contingencies [Abstract]

CONTINGENCIES

Note 14. CONTINGENCIES

A number of actions have been commenced against the Company by vendors, landlords and former landlords, including a third party claim as a result of an injury suffered on a portion of a leased property not occupied by the Company. As certain of these claims represent amounts included in accounts payable they are not specifically discussed herein.

Gallagher Fluid Seals, Inc., commenced an action on August 30, 2016, against Nassau Tool Works, Inc., in the Court of Common Pleas in Montgomery County, Pennsylvania, NYS Supreme Court, County of Suffolk, seeking the recovery of $50,565.90 for goods sold and delivered. The Company chose not to respond to the action and default judgement has been rendered in the Court of Common Pleas in Montgomery County, Pennsylvania.

Westbury Park Associates, LLC commenced an action on or about January 11, 2017 against Air Industries Group in the NYS Supreme Court, County of Suffolk, seeking the recovery of approximately $31,000 for past rent arrears, and for an unidentified sum representing all additional rent due under an alleged commercial lease through the end of its term, plus attorney's fees. This claim was settled by the Company's agreement to pay approximately $111,000 on August 16, 2019 and has been fully accrued for as of December 31, 2019.

An employee of our company commenced an action against, among others, Rechler Equity B-2, LLC and Air Industries Group, in the Supreme Court State of New York, Suffolk County, seeking compensation in an undetermined amount for injuries suffered while leaving the premises occupied by Welding Metallurgy, Inc. Rechler Equity B-2, LLC, has served a Third Party Complaint in this action against Air Industries Group, Inc. and Welding Metallurgy, Inc. The Company believes it is not liable to the employee and any amount it might have to pay in excess of our deductible would be covered by insurance.

An employee of our company commenced an action against, among others, Sterling Engineering and Air Industries Group, in Connecticut Commission on Human Rights and Opportunities, seeking lost wages in an undetermined amount for the employee's termination. The action remains in the early pleading stage. The Company believes it is not liable to the employee and any amount it might have to pay would be covered by insurance.

Contract Pharmacal Corp. commenced an action on October 2, 2018, relating to a Sublease entered into between the Company and Contract Pharmacal in May 2018 with respect to the property at 110 Plant Avenue, Hauppauge, New York. In the action Contract Pharmacal seeks damages for an amount in excess of $1,000,000 for our failure to make the entire premises available by the Sublease commencement date. The Company disputes the validity of the claims asserted by Contract Pharmacal and believes it has meritorious defenses to those claims and have recently submitted a motion in opposition to its motion for summary judgement. As of December 31, 2019, it is not possible to estimate if a loss will be incurred, as such there has been no accrual.

On October 15, 2018, a complaint was filed by a stockholder of our company in the United States District Court for the Eastern District of New York ( Michael Kishmoian vs. Air Industries et al Case No. 18cv5757) naming the Company and certain of its directors and a former director. This matter was settled on August 20, 2019 and the cost to the Company, inclusive of legal fees, was less than $100,000, and was paid in full.

On December 20, 2018, pursuant to a Stock Purchase Agreement dated as of March 21, 2018 ("SPA"), the Company completed the sale of all of the outstanding shares of its subsidiary, Welding Metallurgy, Inc. to CPI Aerostructures. On March 19, 2019, in accordance with the procedures set forth in the SPA with CPI Aerostructures, the Company received a notice from CPI claiming that the working capital deficit used to compute the purchase price was understated. The issue of the amount of the working capital deficit was submitted to BDO USA, LLP ("BDO"), acting as an expert, and it issued a report dated September 3, 2019, where it determined that the amount of the working capital deficit was approximately $4,145,870. On September 9, 2019 the Company received a demand from CPI for payment of such amount. The Company advised CPI that the determination of BDO is void because, among other things, it believes BDO exceeded the scope of its authority as set forth in the SPA. On September 27, 2019, CPI filed a notice of motion in the Supreme Court of the State of New York, County of New York, against the Company seeking, among other things, an order of specific performance requiring delivery of the funds deposited in escrow, together with the balance of the working capital deficit which it claimed, and a judgment against the Company in the amount of approximately $4,200,000 of which $2,000,000 would be satisfied by delivery of the funds in escrow. On October 7, 2019, the Company agreed to the release of $619,316 of the funds held in escrow in respect of claims related to the working capital deficit not related to the value of WMI's inventory. As of December 31, 2018, the Company has placed a reserve against substantially all of the escrowed amount and cannot estimate the amount of loss. For, among others, the reasons stated above the Company intends to contest vigorously any claim CPI may make for payment based on the BDO Report. Outside counsel for the company has advised that at this stage in the proceedings, it cannot offer an opinion as to the probable outcome.

From time to time we also may be engaged in various lawsuits and legal proceedings in the ordinary course of our business. We are currently not aware of any legal proceedings the ultimate outcome of which, in our judgment based on information currently available, would have a material adverse effect on our business, financial condition or operating results. We, however, have had claims brought against us by a number of vendors due to our liquidity constraints. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder of our common stock, is an adverse party or has a material interest adverse to our interest.

Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES

Note 15. INCOME TAXES

The provision for (benefit from) income taxes as of December 31, is set forth below:

	2019		2018
Current
Federal tax refund	$	-	$	-
State		37,000		-
Prior Year overaccruals
Federal		-		-
State		-		-

Total Expense		37,000		-
Deferred Tax Benefit		-		(921,000	)
Valuation Allowance		-		921,000
Net Provision for Income Taxes	$	37,000	$	-

The following is a reconciliation of our income tax rate computed using the federal statutory rate to our actual income tax rate as of December 31,

	2019			2018
U.S. statutory income tax rate		21.00	%		21.00	%
State taxes		(1.11	)%		-	%
Permanent differences, overaccruals and non-deductible items		(3.33	)%		5.74	%
Rate change and provision to return true-up		0.62	%		(18.36	)%
Expired stock options		1.54	%		0.00	%
Deferred tax valuation allowance		(20.13	)%		(8.38	)%
Total		(1.41	)%		-	%

The components of net deferred tax assets at December 31, 2019 and 2018 are set forth below:

	December 31,			December 31,
	2019			2018
Deferred tax assets
Current:
Net operating losses	$	8,017,000		$	6,811,000
Allowance for doubtful accounts		216,000			124,000
Inventory – IRC 263A adjustment		268,000			248,000
Stock based compensation - options and restricted stock		150,000			161,000
Capitalized engineering costs		323,000			809,000
Deferred rent		12,000			248,000
Amortization - NTW Transaction		442,000			810,000
Inventory reserves		1,000,000			942,000
Deferred gain on sale of real estate		84,000			80,000
Accrued Expenses		165,000			49,000
Disallowed interest		1,431,000			918,000
Right of Use Asset		329,000			-
Other		-			314,000
Total non-current deferred tax assets before valuation allowance		12,437,000			11,514,000
Valuation allowance		(10,663,000	)		(10,135,000	)
Total non-current deferred tax assets after valuation allowance		1,774,000			1,379,000

Deferred tax liabilities:
Property and equipment		(1,628,000	)		(1,379,000	)
Other		(146,000	)		-
Total deferred tax liabilities		(1,774,000	)		(1,379,000	)

Net deferred tax asset	$	-		$	-

During the years ended December 31, 2019 and December 31, 2018, the Company recorded a valuation allowance equal to its net deferred tax assets. The Company determined that due to a recent history of net losses, that at this time, sufficient uncertainty exists regarding the future realization of these deferred tax assets through future taxable income. If, in the future, the Company believes that it is more likely than not that these deferred tax benefits will be realized, the valuation allowances will be reduced or eliminated. With a full valuation allowance, any change in the deferred tax asset or liability is fully offset by a corresponding change in the valuation allowance. At December 31, 2019 and 2018, the Company provided a valuation allowance on its net deferred tax assets of $10,663,000 and $10,135,000, respectively.

As of December 31, 2019, the Company had a Federal net operating loss carry forward of approximately $33,139,000, expiring in years beginning 2036 and State net operating loss carry forwards of approximately $9,600,000 (with effective rates from 5.5% to 10%), expiring in years through 2035.

At December 31, 2019 and 2018, the Company had no material unrecognized tax benefits and no adjustments to liabilities or operations were required. The Company does not expect that its unrecognized tax benefits will materially increase within the next twelve months. The Company recognizes interest and penalties related to uncertain tax positions in interest expense. As of December 31, 2019 and 2018, the Company has not recorded any provisions for accrued interest and penalties related to uncertain tax positions.

In certain cases, the Company's uncertain tax positions are related to tax years that remain subject to examination by the relevant tax authorities. The Company files federal and state income tax returns in jurisdictions with varying statutes of limitations. The 2017 through 2019 tax years generally remain subject to examination by federal and state tax authorities.

Stock Options and Warrants

12 Months Ended

Dec. 31, 2019

Stock Options And Warrants [Abstract]

STOCK OPTIONS AND WARRANTS

Note 16. STOCK OPTIONS AND WARRANTS

Stock-Based Compensation

Stock Options

In July 2017, the Board of Directors adopted the Company's 2017 Equity Incentive Plan ("2017 Plan") which authorized the grant of rights with respect to up to 1,200,000 shares. The 2017 Plan was approved by affirmative vote of the Company's stockholders on October 3, 2017.

During the year ended December 31, 2018, the Company granted options to purchase 88,000 shares of common stock to certain of its employees and directors. The weighted average fair value of the granted options was estimated using the Black-Scholes option pricing model with the following assumptions: risk free interest rate of 2.69%; expected volatility factor of 66%; expected dividend yield of 0%; and estimated option term of 5 years.

During the year ended December 31, 2019, the Company granted options to purchase 613,000 shares of common stock to certain of its employees and directors. The weighted average fair value of the granted options was estimated using the Black-Scholes option pricing model with the following assumptions: risk free interest rate of 1.87% to 2.60%; expected volatility factors of 65.8% to 72.4%; expected dividend yield of 0%; and estimated option term of 5 years.

The Company recorded stock based compensation expense of $378,000 and $293,000 in its consolidated statement of operations for the years ended December 31, 2019 and 2018, respectively, and such amounts were included as a component of general and administrative expense.

The fair values of stock options granted were estimated using the Black-Sholes option-pricing model with the following assumptions for the years ended December 31:

	2019			2018
Risk-free interest rates		1.87% - 2.60	%		2.69	%
Expected life (in years)		4.90 - 6.80			4.90
Expected volatility		65.8% - 72.4	%		66	%
Dividend yield		0.00	%		0.00	%

Weighted-average grant date fair value per share	$	0.50		$	0.72

The expected life is the number of years that the Company estimates, based upon history, that the options will be outstanding prior to exercise or forfeiture. Expected life is determined using the "simplified method" permitted by Staff Accounting Bulletin No. 107. In addition to the inputs referenced above regarding the option pricing model, the Company adjusts the stock-based compensation expense for estimated forfeiture rates that are revised prospectively according to forfeiture experience. The stock volatility factor is based on the Company's experience.

A summary of the status of the Company's stock options as of December 31, 2019 and 2018, and changes during the two years then ended are presented below.

	Options			Wtd. Avg. Exercise Price
Balance, January 1, 2018		1,048,627		$	3.20
Granted during the period		88,000			1.56
Exercised during the period		-			-
Terminated/Expired during the period		(298,478	)		3.04
Balance, December 31, 2018		838,149		$	3.08
Granted during the period		613,000			0.96
Exercised during the period		(15,000	)		0.88
Terminated/Expired during the period		(66,500	)		7.46
Balance, December 31, 2019		1,369,649		$	2.01

Exercisable at December 31, 2019		1,269,649		$	2.06

The following table summarizes information about stock options at December 31, 2019:

Range of Exercise Prices	Number Outstanding		Wtd. Avg. Life	Wtd. Avg. Exercise Price
$ 0.00 - $ 5.00		1,224,000	5.20 years	$	8.18
$ 5.01 - $ 20.00		145,000	1.60 years		1.56
$0.00 - $20.00		1,369,000	4.40 years	$	3.08

As of December 31, 2019, there was $28,000 of unrecognized compensation cost related to non-vested stock option awards, which is to be recognized over the remaining weighted average vesting period of 1.7 years.

The aggregate intrinsic value at December 31, 2019 was based on the Company's closing stock price of $2.30 was approximately $1,300,000. The aggregate intrinsic value was calculated based on the positive difference between the closing market price of the Company's Common Stock and the exercise price of the underlying options. The total number of in-the-money options exercisable as of December 31, 2019 was 1,206,000.

The weighted average fair value of options granted during the years ended December 31, 2019 and 2018 was $0.50 and $0.72 per share, respectively. The total intrinsic value of options exercised during the years ended December 31, 2019 and 2018 was $0 and $0, respectively. The total fair value of shares vested during the years ended December 31, 2019 and 2018 was $1,210,000 and $224,718, respectively.

Warrants

During the year ended December 31, 2019 and 2018, the Company issued 0 and 535,600 warrants, respectively, in connection with convertible notes payable and common stock issuances.

The following tables summarize the Company's outstanding warrants as of December 31, 2019 and changes during the two years then ended:

	Warrants			Wtd. Avg. Exercise Price		Wtd. Ave. Remaining Contractual Life (years)
Balance, January 1, 2018		1,704,102			2.66		4.04
Granted during the period		535,600			1.45		4.35
Terminated/Expired during the period		-			-		-
Balance, December 31, 2018		2,239,702		$	3.10		3.35
Granted during the period		-			-		-
Terminated/Expired during the period		(56,800	)	$	10.80		-
Balance, December 31, 2019		2,182,902		$	2.90		2.43

Exercisable at December 31, 2019		2,182,902		$	2.90		2.43

The fair values of warrants granted were estimated using the Black-Sholes option-pricing model with the following assumption for the years ended December 31:

	2019			2018
Risk-free interest rates		2.33	%		2.69	%
Expected life (in years)		4.9			4.9
Expected volatility		116.0	%		66	%
Dividend yield		0.0	%		0.0	%
Weighted-average grant date fair value per share		1.24		$	1.24

Segment Reporting

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

SEGMENT REPORTING

Note 17. SEGMENT REPORTING

In accordance with FASB ASC 280, "Segment Reporting" ("ASC 280"), the Company discloses financial and descriptive information about its reportable operating segments. Operating segments are components of an enterprise about which separate financial information is available and regularly evaluated by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

The Company follows ASC 280, which establishes standards for reporting information about operating segments in annual and interim financial statements, and requires that companies report financial and descriptive information about their reportable segments based on a management approach. ASC 280 also establishes standards for related disclosures about products and services, geographic areas and major customers.

The Company currently divides its operations into two operating segments: Complex Machining which consists of AIM and NTW and Turbine Engine Components which consists of Sterling. Along with its operating subsidiaries, the Company reports the results of our corporate division as an independent segment.

The accounting policies of each of the segments are the same as those described in the Summary of Significant Accounting Policies. Intersegment transfers are recorded at the transferors cost, and there is no intercompany profit or loss on intersegment transfers. We evaluate performance based on revenue, gross profit contribution and assets employed.

Financial information about the Company's reporting segments for the years ended December 31, 2019 and 2018 are as follows:

	Year Ended December 31,
	2019			2018

COMPLEX MACHINING
Net Sales	$	48,226,000		$	39,745,000
Gross Profit		8,669,000			5,871,000
Pre Tax Income (Loss)		5,266,000			(75,000	)
Assets		45,268,000			41,947,000

TURBINE ENGINE COMPONENTS
Net Sales		6,347,000			4,785,000
Gross Profit (Loss)		473,000			(426,000	)
Pre Tax Loss		(500,000	)		(1,385,000	)
Assets		5,005,000			5,243,000

CORPORATE
Net Sales		-			-
Gross Profit		-			-
Pre Tax Loss		(7,327,000	)		(7,091,000	)
Assets		817,000			566,000

CONSOLIDATED
Net Sales		54,573,000			44,530,000
Gross Profit		9,142,000			5,445,000
Pre Tax Loss		(2,561,000	)		(8,551,000	)
Provision for Income Taxes		37,000			-
Loss from Discontinued Operations		(134,000	)		(2,441,000	)
Net Loss		(2,732,000	)		(10,992,000	)
Assets	$	51,090,000		$	47,756,000

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Principal Business Activity

Principal Business Activity

Principles of Consolidation

Principles of Consolidation

Discontinued Operations

Discontinued Operations

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents include all highly liquid instruments with an original maturity of three months or less.

Accounts Receivable

Accounts Receivable

Going Concern

Going Concern

Inventory Valuation

Inventory Valuation

Prepaid Expenses and Other Current Assets

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets include purchase deposits, miscellaneous prepaid expenses and cash in escrow less a reserve. The changes in the reserve are shown below.

	Balance at Beginning of		Charges to Loss on Sale				Balance at
Description	Year		of Subsidiary		Deductions		end of year
Valuation reserve deducted from Prepaid
Expenses and Other Current Assets:
Year ended December 31, 2019	$	1,770,000	$	-	$	-	$	1,770,000
Year ended December 31, 2018	$	-	$	1,770,000	$	-	$	1,770,000

Capitalized Engineering Costs

Capitalized Engineering Costs

Property and Equipment

Property and Equipment

Long-Lived and Intangible Assets

Long-Lived and Intangible Assets

Identifiable intangible assets are amortized using the straight-line method over the period of expected benefit.

Deferred Financing Costs

Deferred Financing Costs

Derivative Liabilities

Derivative Liabilities

Revenue Recognition

Revenue Recognition

The Company had approximately $0 and $89,000 of net sales that were billed but not shipped under such bill and hold arrangements as of December 31, 2019 and 2018, respectively.

Use of Estimates

Use of Estimates

Credit and Concentration Risks

Credit and Concentration Risks

	Percentage of Sales
Customer	2019		2018

1		34.20		31.90
2		30.40		28.50
3		11.40		12.30

	Percentage of Receivables
	December		December
Customer	2019		2018
1		32.70		38.30
2		25.10		26.20
3		10.00		*

*Customer was less than 10% of gross accounts receivable at December 31, 2018

During the year, the Company had occasionally maintained balances in its bank accounts that were in excess of the FDIC limit. The Company has not experienced any losses on these accounts.

Income Taxes

Income Taxes

Earnings per share

Earnings per share

The following is a reconciliation of the denominators of basic and diluted earnings per share computations:

	2019		2018

Weighted average shares outstanding used to compute basic earnings per share		28,851,816		26,897,639
Effect of dilutive stock options and warrants		-		-
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share		28,851,816		26,897,639

The following securities have been excluded from the calculation as the exercise price was greater than the average market price of the common shares:

	December 31,		December 31,
	2019		2018
Stock Options		800,000		568,000
Warrants		1,903,000		1,960,000
		2,703,000		2,528,000

	December 31,		December 31,
	2019		2018
Stock Options		570,000		3,000
Warrants		500		7,000
		570,500		10,000

Stock-Based Compensation

Stock-Based Compensation

Goodwill

Goodwill

The Company determined that there has been no impairment of goodwill at December 31, 2019.

During 2018 the company determined that goodwill for ECC in the amount of $109,000 had been impaired and is included in the loss from discontinued operations.

Freight Out

Freight Out

Freight out is included in operating expenses and amounted to $134,000 and $151,000 for the years ended December 31, 2019 and 2018, respectively.

JOBS Act

JOBS Act

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

Reclassifications

Reclassifications

Reclassifications occurred to certain 2018 amounts to conform to the 2019 classification.

Formation and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2019

Formation and Basis of Presentation [Abstract]

Schedule of impact of the adoption of ASC 842 on the balance sheet

	As Reported December 31, 2018		Adoption of ASC 842 Increase (Decrease)			Balance January 1, 2019
Operating Lease Right-Of-Use-Asset	$	-	$	4,368,000		$	4,368,000
Total Assets	$	47,756,000	$	4,368,000		$	52,124,000
Operating Leases Liabilities - Current Portion	$	-	$	547,000		$	547,000
Total Current Liabilities	$	29,007,000	$	547,000		$	29,554,000
Operating Leases Liabilities - Net of Current Portion	$	-	$	4,986,000		$	4,986,000
Deferred Rent	$	1,165,000	$	(1,165,000	)	$	-
Total Liabilities	$	36,150,000	$	4,368,000		$	40,518,000
Total Liabilities and Stockholders' Equity	$	47,756,000	$	4,368,000		$	52,124,000

Schedule of components of lease costs, lease term and discount rate

	December 31,
	2019
Weighted Average Remaining Lease Term - in years		6.32
Weighted Average discount rate - %		9.50	%

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of reconciliation of the major financial lines constituting the results of operations for discontinued operations

	December 31,
	2019			2018
Net revenue		132,000			15,631,000
Cost of goods sold		105,000			15,406,000
Gross profit		27,000			225,000
Operating expenses:
Selling, general and administrative		155,000			1,830,000
Impairment of Goodwill		-			(109,000	)
Impairment on abandonment of assets		-			(386,000	)
Total operating expenses		(128,000	)		(2,100,000	)
Interest expense		(3,000	)		(4,000	)
Other income (expense), net		(3,000	)		7,000
Loss from discontinued operations before income taxes		(134,000	)		(2,097,000	)

Provision for income taxes		-			(3,000	)
Loss from discontinued operations, net of taxes		(134,000	)		(2,100,000	)

Schedule of cash flow from operating, investing and financing activities

	2019			2018
Net cash used in operating activities - discontinued operations	$	(149,000	)	$	(439,000	)
Net cash used in investing activities - discontinued operations	$	-		$	49,000
Net cash provided by financing activities - discontinued operations	$	-		$	475,000

Depreciation and amortization	$	(6,000	)	$	156,000

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of prepaid expenses and other current assets

	Balance at Beginning of		Charges to Loss on Sale				Balance at
Description	Year		of Subsidiary		Deductions		end of year
Valuation reserve deducted from Prepaid
Expenses and Other Current Assets:
Year ended December 31, 2019	$	1,770,000	$	-	$	-	$	1,770,000
Year ended December 31, 2018	$	-	$	1,770,000	$	-	$	1,770,000

Schedule of credit and concentration risks

	Percentage of Sales
Customer	2019		2018

1		34.20		31.90
2		30.40		28.50
3		11.40		12.30

	Percentage of Receivables
	December		December
Customer	2019		2018
1		32.70		38.30
2		25.10		26.20
3		10.00		*

*Customer was less than 10% of gross accounts receivable at December 31, 2018

Schedule of earnings per share

	2019		2018

Weighted average shares outstanding used to compute basic earnings per share		28,851,816		26,897,639
Effect of dilutive stock options and warrants		-		-
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share		28,851,816		26,897,639

Schedule of anti-dilutive securities

	December 31,		December 31,
	2019		2018
Stock Options		800,000		568,000
Warrants		1,903,000		1,960,000
		2,703,000		2,528,000

	December 31,		December 31,
	2019		2018
Stock Options		570,000		3,000
Warrants		500		7,000
		570,500		10,000

Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Schedule of accounts receivable

	December 31,			December 31,
	2019			2018

Accounts Receivable Gross	$	8,717,000		$	7,046,000
Allowance for Doubtful Accounts		(859,000	)		(524,000	)
Accounts Receivable Net	$	7,858,000		$	6,522,000

Schedule of allowance for doubtful accounts

	Balance at Beginning of Year		Charged to Costs and Expenses		Deductions from Reserves		Balance at End of Year
Year ended December 31, 2019 Allowance for Doubtful Accounts	$	524,000	$	556,000	$	221,000	$	859,000
Year ended December 31, 2018 Allowance for Doubtful Accounts	$	494,000	$	30,000	$	-	$	524,000

Inventory (Tables)

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Schedule of inventory

	December 31,		December 31,
	2019		2018

Raw Materials	$	4,574,000	$	4,622,000
Work In Progress		18,452,000		17,530,000
Finished Goods		5,620,000		6,899,000
Total Inventory	$	28,646,000	$	29,051,000

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Schedule of property and equipment

	December 31,			December 31,
	2019			2018

Land	$	300,000		$	300,000
Buildings and Improvements		1,650,000			1,708,000
Machinery and Equipment		12,251,000			11,579,000
Finance Lease Machinery and Equipment		6,495,000			6,495,000
Tools and Instruments		11,021,000			9,882,000
Automotive Equipment		177,000			177,000
Furniture and Fixtures		290,000			303,000
Leasehold Improvements		530,000			520,000
Computers and Software		425,000			425,000
Total Property and Equipment		33,139,000			31,389,000
Less: Accumulated Depreciation		(25,561,000	)		(22,612,000	)
Property and Equipment, net	$	7,578,000		$	8,777,000

Accounts Payable and Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Schedule of accounts payable

	December 31,		December 31,
	2019		2018

Accounts Payable	$	6,576,000	$	6,782,000
Accrued Expenses		1,529,000		1,941,000
	$	8,105,000	$	8,723,000

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Tables)

12 Months Ended

Dec. 31, 2019

Notes and Loans Payable [Abstract]

Schedule of notes payable, related party notes payable and finance lease obligations

	December 31,			December 31,
	2019			2018

Revolving credit note payable to Sterling National Bank ("SNB")	$	12,543,000		$	-
Revolving credit note payable to PNC Bank N.A. ("PNC")		-			14,043,000
Term loans, SNB		3,800,000			-
Term loans, PNC		-			1,572,000
Finance lease obligations		22,000			1,786,000
Loan Payable - financed asset		385,000			-
Related party notes payable, net of debt discount		6,862,000			4,835,000
Convertible notes payable - third parties, net of debt discount		2,338,000			2,830,000
Subtotal		25,950,000			25,066,000
Less: Current portion of notes and capital obligations		(22,544,000	)		(19,345,000	)
Notes payable, related party notes payable and finance lease obligations, net of current portion	$	3,406,000		$	5,721,000

Schedule of future minimum principal payments for term loans

For the year ending	Amount
December 31, 2020	$	498,000
December 31, 2021		543,000
December 31, 2022		2,759,000
SNB Term Loans payable		3,800,000
Less: Current portion		(498,000	)
Long-term portion	$	3,302,000

Schedule of future minimum lease payments, including imputed interest

For the year ending	Amount
December 31, 2020	$	15,000
December 31, 2021		5,000
December 31, 2022		2,000
Thereafter		-
Total future minimum lease payments		22,000
Less: imputed interest		(1,000	)
Less: current portion		(15,000	)
Total Long Term Portion	$	6,000

							Common
Date	Gross Proceeds		Promissory Note		$		Stock Price		Shares
3/29/2018	$	1,000,000	$	700,000	$	300,000		1.68	$	178,571
4/4/2018		100,000		70,000		30,000		1.68		17,857
5/21/2018		100,000		70,000		30,000		1.64		18,334

Total	$	1,200,000	$	840,000	$	360,000			$	214,762

Operating Lease Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Operating Lease Liabilities

Schedule of aggregate undiscounted cash flows of operating lease payments

For the twelve months ended	Amount
December 31, 2020	$	1,136,000
December 31, 2021		1,118,000
December 31, 2022		868,000
December 31, 2023		895,000
December 31, 2024		923,000
Thereafter		1,681,000
Total future minimum lease payments		6,621,000
Less: discount		(1,689,000	)
Total operating lease maturities		4,932,000
Less: current portion of operating lease liabilities		(697,000	)
Total long term portion of operating lease liabilities	$	4,235,000

Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of activity within the liability account

Liabilities related to sale of future proceeds from disposition of subsidiaries - beginning balance	$	-
Cash received from sale of future proceeds from disposition of subsidiary		800,000
Non-Cash other income recognized		(282,000	)
Non-Cash interest expense recognized		85,000
Liabilities related to sale of future proceeds from disposition of subsidiary - ending balance		603,000
Less: unamortized transaction costs		(3,000	)
Liability related to sale of future proceeds from disposition of subsidiary, net	$	600,000

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of provision for (benefit from) income taxes

	2019		2018
Current
Federal tax refund	$	-	$	-
State		37,000		-
Prior Year overaccruals
Federal		-		-
State		-		-

Total Expense		37,000		-
Deferred Tax Benefit		-		(921,000	)
Valuation Allowance		-		921,000
Net Provision for Income Taxes	$	37,000	$	-

Schedule of reconciliation of our income tax rate computed using the federal statutory rate to our actual income tax rate

	2019			2018
U.S. statutory income tax rate		21.00	%		21.00	%
State taxes		(1.11	)%		-	%
Permanent differences, overaccruals and non-deductible items		(3.33	)%		5.74	%
Rate change and provision to return true-up		0.62	%		(18.36	)%
Expired stock options		1.54	%		0.00	%
Deferred tax valuation allowance		(20.13	)%		(8.38	)%
Total		(1.41	)%		-	%

Schedule of net deferred tax assets

	December 31,			December 31,
	2019			2018
Deferred tax assets
Current:
Net operating losses	$	8,017,000		$	6,811,000
Allowance for doubtful accounts		216,000			124,000
Inventory – IRC 263A adjustment		268,000			248,000
Stock based compensation - options and restricted stock		150,000			161,000
Capitalized engineering costs		323,000			809,000
Deferred rent		12,000			248,000
Amortization - NTW Transaction		442,000			810,000
Inventory reserves		1,000,000			942,000
Deferred gain on sale of real estate		84,000			80,000
Accrued Expenses		165,000			49,000
Disallowed interest		1,431,000			918,000
Right of Use Asset		329,000			-
Other		-			314,000
Total non-current deferred tax assets before valuation allowance		12,437,000			11,514,000
Valuation allowance		(10,663,000	)		(10,135,000	)
Total non-current deferred tax assets after valuation allowance		1,774,000			1,379,000

Deferred tax liabilities:
Property and equipment		(1,628,000	)		(1,379,000	)
Other		(146,000	)		-
Total deferred tax liabilities		(1,774,000	)		(1,379,000	)

Net deferred tax asset	$	-		$	-

Stock Options and Warrants (Tables)

12 Months Ended

Dec. 31, 2019

Warrant [Member]

Schedule of company's stock options

	Warrants			Wtd. Avg. Exercise Price		Wtd. Ave. Remaining Contractual Life (years)
Balance, January 1, 2018		1,704,102			2.66		4.04
Granted during the period		535,600			1.45		4.35
Terminated/Expired during the period		-			-		-
Balance, December 31, 2018		2,239,702		$	3.10		3.35
Granted during the period		-			-		-
Terminated/Expired during the period		(56,800	)	$	10.80		-
Balance, December 31, 2019		2,182,902		$	2.90		2.43

Exercisable at December 31, 2019		2,182,902		$	2.90		2.43

Schedule of stock options/ warrants granted

	2019			2018
Risk-free interest rates		2.33	%		2.69	%
Expected life (in years)		4.9			4.9
Expected volatility		116.0	%		66	%
Dividend yield		0.0	%		0.0	%
Weighted-average grant date fair value per share		1.24		$	1.24

Employee Stock Option [Member]

Schedule of fair values of stock options granted

	2019			2018
Risk-free interest rates		1.87% - 2.60	%		2.69	%
Expected life (in years)		4.90 - 6.80			4.90
Expected volatility		65.8% - 72.4	%		66	%
Dividend yield		0.00	%		0.00	%

Weighted-average grant date fair value per share	$	0.50		$	0.72

Schedule of company's stock options

	Options			Wtd. Avg. Exercise Price
Balance, January 1, 2018		1,048,627		$	3.20
Granted during the period		88,000			1.56
Exercised during the period		-			-
Terminated/Expired during the period		(298,478	)		3.04
Balance, December 31, 2018		838,149		$	3.08
Granted during the period		613,000			0.96
Exercised during the period		(15,000	)		0.88
Terminated/Expired during the period		(66,500	)		7.46
Balance, December 31, 2019		1,369,649		$	2.01

Exercisable at December 31, 2019		1,269,649		$	2.06

Schedule of stock options/ warrants granted

Range of Exercise Prices	Number Outstanding		Wtd. Avg. Life	Wtd. Avg. Exercise Price
$ 0.00 - $ 5.00		1,224,000	5.20 years	$	8.18
$ 5.01 - $ 20.00		145,000	1.60 years		1.56
$0.00 - $20.00		1,369,000	4.40 years	$	3.08

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of operating segments

	Year Ended December 31,
	2019			2018

COMPLEX MACHINING
Net Sales	$	48,226,000		$	39,745,000
Gross Profit		8,669,000			5,871,000
Pre Tax Income (Loss)		5,266,000			(75,000	)
Assets		45,268,000			41,947,000

TURBINE ENGINE COMPONENTS
Net Sales		6,347,000			4,785,000
Gross Profit (Loss)		473,000			(426,000	)
Pre Tax Loss		(500,000	)		(1,385,000	)
Assets		5,005,000			5,243,000

CORPORATE
Net Sales		-			-
Gross Profit		-			-
Pre Tax Loss		(7,327,000	)		(7,091,000	)
Assets		817,000			566,000

CONSOLIDATED
Net Sales		54,573,000			44,530,000
Gross Profit		9,142,000			5,445,000
Pre Tax Loss		(2,561,000	)		(8,551,000	)
Provision for Income Taxes		37,000			-
Loss from Discontinued Operations		(134,000	)		(2,441,000	)
Net Loss		(2,732,000	)		(10,992,000	)
Assets	$	51,090,000		$	47,756,000

Formation and Basis of Presentation (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Operating Lease Right-Of-Use-Asset
Total Assets	$ 51,090,000	47,756,000
Operating Leases Liabilities - Current Portion	697,000
Total Current Liabilities	32,622,000	29,007,000
Operating Leases Liabilities - Net of Current Portion	4,235,000
Deferred Rent		1,165,000
Total Liabilities	40,884,000	36,150,000
Total Liabilities and Stockholders' Equity	$ 51,090,000	47,756,000
Adoption of ASC 842 Increase (Decrease) [Member]
Operating Lease Right-Of-Use-Asset		4,368,000
Total Assets		4,368,000
Operating Leases Liabilities - Current Portion		547,000
Total Current Liabilities		547,000
Operating Leases Liabilities - Net of Current Portion		4,986,000
Deferred Rent		(1,165,000)
Total Liabilities		4,368,000
Total Liabilities and Stockholders' Equity		4,368,000
Balance January 1, 2019 [Member]
Operating Lease Right-Of-Use-Asset		4,368,000
Total Assets		52,124,000
Operating Leases Liabilities - Current Portion		547,000
Total Current Liabilities		29,554,000
Operating Leases Liabilities - Net of Current Portion		4,986,000
Deferred Rent
Total Liabilities		40,518,000
Total Liabilities and Stockholders' Equity		$ 52,124,000

Formation and Basis of Presentation (Details 1)	Dec. 31, 2019
Net of a working capital adjustment
Weighted Average Remaining Lease Term - in years	6 years 3 months 26 days
Weighted Average discount rate - %	9.50%

Formation and Basis of Presentation (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 20, 2018	Dec. 31, 2019	Dec. 31, 2018	Jan. 02, 2019
Formation and Basis of Presentation (Textual)
Purchase price	$ 9,000,000
Net of a working capital adjustment	(1,093,000)
Escrow deposit	$ 2,000,000
Loss on abandoned assets			$ (386,000)
Goodwill			109,000
Lease right-of-use assets				$ 4,368,000
Lease liabilities term		12 months
Loss from continuing operations		$ (2,598,000)	(8,551,000)
Negative cash flows from operations		(888,000)	$ (2,336,000)
Increase in gross profit		3,697,000
Increase in revenue		$ 10,043,000

Discontinued Operations (Details) - USD ($)	12 Months Ended
Discontinued Operations (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Net revenue	$ 132,000	$ 15,631,000
Cost of goods sold	105,000	15,406,000
Gross profit	27,000	225,000
Operating expenses:
Selling, general and administrative	155,000	1,830,000
Impairment of Goodwill		(109,000)
Impairment on abandonment of assets		(386,000)
Total operating loss	(128,000)	(2,100,000)
Interest expense	(3,000)	(4,000)
Other income (expense), net	(3,000)	7,000
Loss from discontinued operations, net of taxes	(134,000)	(2,097,000)
Provision for income taxes		(3,000)
Loss from discontinued operations, net of taxes	$ (134,000)	$ (2,100,000)

Discontinued Operations (Details 1) - USD ($)	12 Months Ended
Discontinued Operations (Details 1) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Discontinued Operations Details 1Abstract
Net cash used in operating activities - discontinued operations	$ (149,000)	$ (439,000)
Net cash used in investing activities - discontinued operations		49,000
Net cash provided by financing activities - discontinued operations		475,000
Depreciation and amortization	$ (6,000)	$ 156,000

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Valuation reserve deducted from Prepaid Expenses and Other Current Assets:
Balance at Beginning of Year	$ 1,770,000
Charges to Loss on Sale of Subsidiary		1,770,000
Deductions
Balance at end of year	$ 1,770,000	$ 1,770,000

Summary of Significant Accounting Policies (Details 1)

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Total Sales [Member] | Customer one [Member]

Percentage of Sales

34.20%

31.90%

Total Sales [Member] | Customer two [Member]

Percentage of Sales

30.40%

28.50%

Total Sales [Member] | Customer three [Member]

Percentage of Sales

11.40%

12.30%

Accounts receivable [Member] | Customer one [Member]

Percentage of Sales

32.70%

38.30%

Accounts receivable [Member] | Customer two [Member]

Percentage of Sales

25.10%

26.20%

Accounts receivable [Member] | Customer three [Member]

Percentage of Sales

10.00%

^[1]

[1]	Customer was less than 10% of gross accounts receivable at December 31, 2018

Summary of Significant Accounting Policies (Details 2) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Weighted average shares outstanding used to compute basic earnings per share	28,851,816	26,897,639
Effect of dilutive stock options and warrants
Weighted average shares outstanding and dilutive securities used to compute dilutive earnings per share	28,851,816	26,897,639

Summary of Significant Accounting Policies (Details 3) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Securitied exculded from calculation due to exercise price in excess of average market share	2,703,000	2,528,000
Average market price of common shares including potential shares was anti-dilutive	570,500	10,000
Warrant [Member]
Securitied exculded from calculation due to exercise price in excess of average market share	1,903,000	1,960,000
Average market price of common shares including potential shares was anti-dilutive	500	7,000
Employee Stock Option [Member]
Securitied exculded from calculation due to exercise price in excess of average market share	800,000	568,000
Average market price of common shares including potential shares was anti-dilutive	570,000	3,000

Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2019 USD ($) Customer / Customers	Dec. 31, 2018 USD ($) Customer / Customers
Summary of Significant Accounting Policies (Textual)
Stock-based compensation	$ 378,000	$ 293,000
Goodwill	163,000	163,000
Expenditures for repairs and improvements	10,000
Net sales, billed but not shipped under such bill and hold arrangements	$ 0	89,000
Jobs act, description	An "emerging growth company," may, under Section 7(a)(2)(B) of the Securities Act, delay adoption of new or revised accounting standards applicable to public companies until such standards would otherwise apply to private companies. An "emerging growth company" is one with less than $1.0 billion in annual sales, that has less than $700 million in market value of its shares of common stock held by non-affiliates and issues less than $1.0 billion of non-convertible debt over a three-year period. A company may take advantage of this extended transition period until the first to occur of the date that it (i) is no longer an "emerging growth company" or (ii) affirmatively and irrevocably opts out of this extended transition period. The Company had elected to take advantage of the benefits of this extended transition period until December 31, 2018, the date that it was no longer an "emerging growth company".
Impairment charge continuing operations	$ 275,000
Impairment charge discontinued operations		495,000
Director [Member]
Summary of Significant Accounting Policies (Textual)
Stock-based compensation	$ 244,000	$ 305,000
Total Sales [Member]
Summary of Significant Accounting Policies (Textual)
Number of customers \| Customer / Customers	3	3
Concentration risks	76.00%	72.70%
Credit and concentration risks, description	Customer was less than 10% of sales at December 31, 2019 and 2018, respectively.
Accounts receivable [Member]
Summary of Significant Accounting Policies (Textual)
Number of customers \| Customer / Customers	3	2
Concentration risks	67.80%	64.50%
Credit and concentration risks, description	Customer was less than 10% of gross accounts receivable at December 31, 2018
Freight out [Member]
Summary of Significant Accounting Policies (Textual)
Operating expenses	$ 134,000	$ 151,000
ECC [Member]
Summary of Significant Accounting Policies (Textual)
Goodwill		$ 109,000
Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Payment terms	30 days
Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Payment terms	75 days

Accounts Receivable (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Accounts Receivable Gross	$ 8,717,000	$ 7,046,000
Allowance for Doubtful Accounts	(859,000)	(524,000)	$ (494,000)
Accounts Receivable Net	$ 7,858,000	$ 6,522,000

Accounts Receivable (Details 1) - USD ($)	12 Months Ended
Accounts Receivable (Details 1) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Allowance for Doubtful Accounts
Balance at Beginning of Year	$ 524,000	$ 494,000
Charged to Costs and Expenses	556,000	30,000
Deductions from Reserves	221,000
Balance at End of Year	$ 859,000	$ 524,000

Inventory (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw Materials	$ 4,574,000	$ 4,622,000
Work In Progress	18,452,000	17,530,000
Finished Goods	5,620,000	6,899,000
Total Inventory	$ 28,646,000	$ 29,051,000

Property and Equipment (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Total Property and Equipment	$ 33,139,000	$ 31,389,000
Less: Accumulated Depreciation	(25,561,000)	(22,612,000)
Property and Equipment, net	7,578,000	8,777,000
Buildings and Improvements [Member]
Total Property and Equipment	1,650,000	1,708,000
Computers and Software [Member]
Total Property and Equipment	425,000	425,000
Machinery and Equipment [Member]
Total Property and Equipment	12,251,000	11,579,000
Finance Lease Machinery and Equipment [Member]
Total Property and Equipment	6,495,000	6,495,000
Tools and Instruments [Member]
Total Property and Equipment	11,021,000	9,882,000
Automotive Equipment [Member]
Total Property and Equipment	177,000	177,000
Furniture and Fixtures [Member]
Total Property and Equipment	290,000	303,000
Leasehold Improvements [Member]
Total Property and Equipment	530,000	520,000
Land [Member]
Total Property and Equipment	$ 300,000	$ 300,000

Property and Equipment (Details Textual) - USD ($)	12 Months Ended
Property and Equipment (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property and Equipment (Textual)
Depreciation expense	$ 3,002,000	$ 2,877,000
Accumulated depreciation	$ 5,936,000	$ 4,827,000

Accounts Payable and Accrued Expenses (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Accounts Payable	$ 6,576,000	$ 6,782,000
Accrued Expenses	1,529,000	1,941,000
Accounts Payable and Accrued Expenses	$ 8,105,000	$ 8,723,000

Sale and Leaseback Transaction (Details) - Bay Shore [Member] - USD ($)	1 Months Ended	12 Months Ended
	Oct. 24, 2006	Dec. 31, 2019
Sale and Leaseback Transaction (Textual)
Purchase price	$ 6,200,000
Sale of stock transaction, description	The Company realized a gain on the sale of $1,051,000 of which $300,000 was recognized during the year ended December 31, 2006. The remaining $751,000 is being recognized ratably over the remaining term of the twenty - year lease at approximately $38,000 per year. The gain is included in Other Income in the accompanying Consolidated Statements of Operations. The unrecognized portion of the gain in the amount of $257,000 and $295,000 as of December 31, 2019 and 2018, respectively, is classified as Deferred Gain on Sale in the accompanying Consolidated Balance Sheets.	The Company entered into a 20-year triple- net lease (the "Lease") with the purchaser for the property. Base annual rent is approximately $540,000 for the first five years, $560,000 for the sixth year, and thereafter increases 3% per year. The Lease grants the Company an option to renew the Lease for an additional period of five years. The Company has on deposit with the purchaser $89,000 as security for the performance of its obligations under the Lease. In addition, the Company has on deposit $150,000 with the landlord as security for the completion of certain repairs and upgrades to the Bay Shore Property.
Lease term		20 years

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Related party notes payable, net of debt discount	$ 6,862,000
Notes payable and finance lease obligations [Member]
Revolving credit note payable to Sterling National Bank ("SNB")	12,543,000
Revolving credit note payable to PNC Bank N.A. ("PNC")		14,043,000
Term loans, SNB	3,800,000
Term loans, PNC		1,572,000
Finance lease obligations	22,000	1,786,000
Loan Payable - financed asset	385,000
Related party notes payable, net of debt discount		4,835,000
Convertible notes payable - third parties, net of debt discount	2,338,000	2,830,000
Subtotal	25,950,000	25,066,000
Less: Current portion of notes and capital obligations	(22,544,000)	(19,345,000)
Notes payable, related party notes payable and finance lease obligations, net of current portion	$ 3,406,000	$ 5,721,000

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Details 1) - Term loans [Member]	Dec. 31, 2019 USD ($)
For the year ending
December 31, 2020	$ 498,000
December 31, 2021	543,000
December 31, 2022	2,759,000
SNB Term Loans payable	3,800,000
Less: current portion	(498,000)
Total Long Term Portion	$ 3,302,000

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Details 2) - future minimum lease payments [Member]	Dec. 31, 2019 USD ($)
For the year ending
December 31, 2020	$ 15,000
December 31, 2021	5,000
December 31, 2022	2,000
Total future minimum lease payments	22,000
Less: imputed interest	(1,000)
Less: current portion	(15,000)
Total Long Term Portion	$ 6,000

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Details 3)	12 Months Ended
	Dec. 31, 2019 USD ($) $ / shares shares
Gross Proceeds	$ 1,200,000
Promissory Note	840,000
Related party advances and notes payable	$ 360,000
Shares Issued \| shares	214,762
4/4/2018 [Member]
Gross Proceeds	$ 100,000
Promissory Note	70,000
Related party advances and notes payable	$ 30,000
Common Stock Price \| $ / shares	$ 1.68
Shares Issued \| shares	17,857
5/21/2018 [Member]
Gross Proceeds	$ 100,000
Promissory Note	70,000
Related party advances and notes payable	$ 30,000
Common Stock Price \| $ / shares	$ 1.64
Shares Issued \| shares	18,334
3/29/2018 [Member]
Gross Proceeds	$ 1,000,000
Promissory Note	700,000
Related party advances and notes payable	$ 300,000
Common Stock Price \| $ / shares	$ 1.68
Shares Issued \| shares	178,571

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Details Textual) - USD ($)				1 Months Ended				12 Months Ended
	Jun. 26, 2019	Jan. 31, 2019	Jan. 31, 2019	Oct. 21, 2019	May 31, 2019	May 31, 2018	Mar. 21, 2017	Dec. 31, 2019	Dec. 31, 2018	Feb. 28, 2019	Nov. 30, 2018	Sep. 30, 2018	Apr. 04, 2018	Mar. 29, 2018
Notes Payable and Capital Lease Obligations (Textual)
Balance due								$ 22,000	$ 1,786,000
Principal amount									297,000	$ 2,200,000	$ 2,575,000	$ 4,775,000
Line of credit facility payment								1,860,000	1,775,000
Received gross proceeds								$ 1,200,000
Common stock purchased, shares								180,000
Common stock purchase price								$ 182,000
Related party advances and notes payable, net of debt discounts								6,862,000
Issuance of common stock								$ 186,000	2,814,000
Notes payable percentage								18.00%				8.00%
Unpaid balance payable								$ 25,000
Financing lease obligations								887,000	1,786,000
Proceeds from related party debt								$ 1,500,000	2,803,000
Interest rate								12.00%
Robert [Member]
Notes Payable and Capital Lease Obligations (Textual)
Loan facility, description	The Company was advanced $250,000 from each of Michael and Robert Taglich. These notes bear interest at a rate of 12% per annum. In connection with these notes the eCompany issued 37,500 shares of stock to each of Michael and Robert Taglich. The maturity date of these notes was June 30, 2020 but have been extended to December 31, 2020.
Common stock purchased, shares								150,000
Common stock purchase price, per share								$ 1.01
Advanced from related parties	$ 500,000
Issuance of common stock, shares	37,500
Michael Taglich [Member]
Notes Payable and Capital Lease Obligations (Textual)
Loan facility, description		In connection with the 7% Notes, the Company paid Taglich Brothers, Inc. a fee of $80,000 (4% of the purchase price of the 7% Notes), paid in the form of a promissory note having terms substantially identical to the 7% Notes.
Common stock purchased, shares								15,000
Common stock purchase price, per share								$ 1.01
Advanced from related parties	$ 250,000
Issuance of common stock, shares		37,500
Proceeds from related party debt				$ 1,000,000
Debt and equity financings								$ 12,440,000
Robert and Michael Taglich [Member]
Notes Payable and Capital Lease Obligations (Textual)
Related party advances and notes payable, net of debt discounts								6,862,000	$ 4,835,000
Interest expense								1,393,000
Taglich Brothers, Inc., [Member]
Notes Payable and Capital Lease Obligations (Textual)
Principal amount							$ 382,000
Fee amount								$ 80,000
Finance lease obligations interest rates								4.00%
Related party notes payable allocated percentage, description								4% of the purchase price of the 7% Notes
Subordinated Convertible Notes [Member] \| Robert and Michael Taglich [Member]
Notes Payable and Capital Lease Obligations (Textual)
Loan facility, description			The Company issued its 7% senior subordinated convertible promissory notes due December 31, 2020, each in the principal amount of $1,000,000 (together, the "7% Notes"), to Michael Taglich and Robert Taglich, each for a purchase price of $1,000,000. The 7% Notes bear interest at the rate of 7% per annum, are convertible into shares of the Company's common stock at a conversion price of $0.93 per share, subject to the anti-dilution adjustments set forth in the 7% Notes, were subordinate to the Company's indebtedness under its credit facility with PNC Bank, National Association, and are now subordinate to the Company's indebtedness under its credit facility with Sterling National Bank.and mature at December 31, 2020, or earlier upon an Event of Default.
Two Thousand Nineteen [Member]
Notes Payable and Capital Lease Obligations (Textual)
Principal amount						$ 100,000
Interest-bearing, description					Interest on the 2019 Notes is payable on the outstanding principal amount thereof at the rate of one percent (1%) per month, payable monthly commencing June 30, 2018. Upon the occurrence and continuation of a failure to pay accrued interest, interest shall accrue and be payable on such amount at the rate of 1.25% per month; provided that upon the occurrence and continuation of a failure to timely pay the principal amount of the 2019 Note, interest shall accrue and be payable on such principal amount at the rate of 1.25% per month and shall no longer be payable on interest accrued but unpaid. The 2019 Notes are subordinate to the Company's obligations to SNB.	The Company issued $1,200,000 of Subordinated Notes due May 31, 2019 (the “2019 Notes”), together with a total of 214,762 shares of common stock (the “Shares”), to Michael Taglich, Robert Taglich and another accredited investor. As part of the financing, the Company issued to Michael Taglich $1,000,000 principal amount of 2019 Notes and 178,571 shares of common stock for a purchase price of $1,000,000 and the Company issued to Robert Taglich $100,000 principal amount of 2019 Notes and 17,857 shares of common stock.
Common stock purchased, shares					18,334
Common stock purchase price					$ 100,000
Aggregate principal amount						$ 1,200,000
Subordinated Notes Maturity Date						May 31, 2019
Issuance of common stock						$ 214,762
Related party notes payable allocated percentage, description						Seventy percent (70%) of the total purchase price for the 2019 Notes and Shares purchased by each investor has been allocated to the 2019 Notes with the remaining thirty percent (30%) allocated to the Shares purchased with the 2019 Notes. The number of Shares purchased by Michael Taglich and Robert Taglich was calculated based upon $1.68, the closing price of the common stock on May 20, 2018, the trading day immediately preceding the date they purchased the 2019 Notes and shares of common stock.
Accrued interest on notes payable						1.25%
Placement agent fee						4.00%
Two Thousand Nineteen [Member] \| Robert [Member]
Notes Payable and Capital Lease Obligations (Textual)
Placement invested percentage						4.00%
Aggregate principal amount						$ 1,000,000
Issuance of common stock						178,571
Total purchase price						1,000,000
Two Thousand Nineteen [Member] \| Michael Taglich [Member]
Notes Payable and Capital Lease Obligations (Textual)
Aggregate principal amount						$ 100,000
Issuance of common stock, shares						17,857
PNC Bank [Member]
Notes Payable and Capital Lease Obligations (Textual)
Loan facility, description								The PNC Facility provided for a $15,000,000 revolving line of credit ("PNC revolving line of credit") and a term loan ("PNC term loan"). The repayment terms of the PNC term loan provided for monthly principal installments in the amount of $123,133, payable on the first business day of each month, with a final payment of any unpaid balance of principal and interest payable on the scheduled maturity date. On December 31, 2019, both the PNC revolving line of credit and PNC term loan were paid in full and all assets that were previously pledged as collateral were released.	PNC in the amount of $15,615,000 consisted of the revolving credit note due to PNC in the amount of $14,043,000 and the term loan due to PNC in the amount of $1,572,000.
Interest expense								$ 954,000
PNC Bank [Member] \| Loan Agreement [Member]
Notes Payable and Capital Lease Obligations (Textual)
Loan facility, description								The Company was obligated to pay PNC an extension fee of (i) $250,000 on the earlier of (a) the date the Obligations were indefeasibly paid in full or (b) June 30, 2019, (ii) $125,000 on the earlier of (a) the date the Obligations were indefeasibly paid in full or (b) December 31, 2019, which amount was deemed earned in full if the Obligations have not been satisfied as of July 1, 2019, (iii) $125,000 on the earlier of (a) the date the Obligations were indefeasibly paid in full or (b) December 31, 2019, which amount was deemed earned in full if the Obligations had not been satisfied as of October 1, 2019 (iv) $500,000 on December 31, 2019, which amount was deemed earned in full if the Obligations had not been satisfied as of December 31, 2019. The Obligations were fully satisfied on December 31, 2019 and the Company did not have to pay the final $500,000. As a further condition to PNC's agreement to extend the maturity of the Obligations, Michael and Robert Taglich purchased $2,000,000 principal amount of our Senior Subordinated Convertible Notes and arranged a financing giving purchasers a right to receive a pro rata portion of the AMK Revenue Stream Payments resulting in gross proceeds of $800,000, including $275,000 from Michael and Robert Taglich.
PNC Bank [Member] \| Eighteenth Amendment [Member]
Notes Payable and Capital Lease Obligations (Textual)
Loan facility, description								(i) The company was required $1,500,000 for the twelve-month period ending December 31, 2018, (ii) $655,000 for the three-month period ending March 31, 2019, (iii) $1,860,000 for the six-month period ending June 30, 2019 and (iv) $3,110,000 for the nine-month period ending September 30, 2019. At December 31, 2018 we were in compliance with the minimum EBIDA covenant.
PNC Bank [Member] \| Seventeenth Amendment [Member]
Notes Payable and Capital Lease Obligations (Textual)
Coverage ratio, description								Under the terms of the Seventeenth Amendment, the revolving loan and the Term Loan bear interest at a rate equal to the sum of the Alternate Base Rate (as defined in the Loan Agreement) plus four percent (4%). In addition to the amounts available as revolving loans secured by inventory and receivables pursuant to the formula set forth in the Loan Agreement, PNC agreed to permit the revolving advances to exceed the formula amount by $1,000,000 as of December 31, 2018, provided that the Company reduced the "Out-of-Formula Loan" by $25,000 per week commencing April 1, 2019, with the unpaid balance payable in full on December 31, 2019. The indebtedness under the revolving loan and the Term Loan are classified with the current portion of notes and finance lease obligations.
2019 Notes [Member]
Notes Payable and Capital Lease Obligations (Textual)
Notes payable percentage								12.00%
SNB Bank [Member]
Notes Payable and Capital Lease Obligations (Textual)
Interest-bearing, description								Under the terms of the Loan Facility, both the revolving credit line and the term loan will bear an interest rate equal to 30-day LIBOR, plus 2.5% (with a floor of 3.5%).
Loan facility, description								The new Loan Facility provides for a $16,000,000 revolving loan ("SNB revolving line of credit") and a term loan ("SNB term loan") with a balance of $3,800,000 at December 31, 2019. The repayment terms of the SNB Term Loan provide for monthly principal installments in the amount of $45,238, payable on the first business day of each month, beginning on February 1, 2020, with a final payment of any unpaid balance of principal and interest payable on the scheduled maturity date.
Coverage ratio, description								The Company maintain a specified Fixed Charge Coverage Ratio of 1.25 to 1.00 at the end of each Fiscal Quarter beginning with the Fiscal Quarter ending March 31, 2020.
Revolving credit loan debt to SNB								$ 12,543,000
Term loan amount								$ 3,800,000
Robert [Member] \| Michael Taglich [Member]
Notes Payable and Capital Lease Obligations (Textual)
Interest-bearing, description							The Company received gross proceeds of $1,950,000 from Robert and Michael Taglich, from the sale of an equal principal amount of its 8% Subordinated Convertible Notes (the "8% Notes"). See "Private Placements of 8% Subordinated Convertible Notes" below.
Advanced from related parties													$ 100,000	$ 1,000,000
Maximum [Member]
Notes Payable and Capital Lease Obligations (Textual)
Finance lease obligations interest rates								9.00%
Minimum [Member]
Notes Payable and Capital Lease Obligations (Textual)
Finance lease obligations interest rates								4.00%

Notes Payable, Related Party Notes Payable and Finance Lease Obligations (Details Textual 1) - USD ($)	4 Months Ended	12 Months Ended
	Mar. 21, 2017	Dec. 31, 2019	Dec. 31, 2018	Feb. 28, 2019	Nov. 30, 2018	Sep. 30, 2018
Notes Payable and Capital Lease Obligations (Textual)
Debt instrument aggregate principal value			$ 297,000	$ 2,200,000	$ 2,575,000	$ 4,775,000
Outstanding interest, percentage		18.00%				8.00%
Accrued interest payable		$ 580,000	1,269,000
Debr instrument interest rate, description		Interest for that quarterly interest payment shall be calculated at the rate of 12% per annum. Upon the occurrence and continuation of an event of default, interest shall accrue at the rate of 12% per annum.
Interest on unpaid principal amount, description		The holders of $580,000 of notes with accrued interest thereon of $59,000 converted their notes into approximately 426,000 shares at a per share price of $1.50. Additionally in January 2020, the holders of an additional $705,000 of notes with accrued interest thereon of $75,143 converted their notes into approximately 520,000 shares at a per share price of $1.50.
Related party notes payable		$ 6,862,000
Amortization of debt discount		$ 375,000	456,000
Private Placements of 8% Subordinated Convertible Notes [Member]
Notes Payable and Capital Lease Obligations (Textual)
Proceeds from receiving of gross	$ 4,775,000
Warrants to purchase common stock, shares	383,080
Private Placement [Member]
Notes Payable and Capital Lease Obligations (Textual)
Gross proceeds amount			1,200,000
Amendments to 8% Notes [Member]
Notes Payable and Capital Lease Obligations (Textual)
Debt instrument principal, description		Michael Taglich, Robert Taglich and Taglich Brothers (collectively, the "Taglich Parties") owned $1,300,000, $650,000 and $382,000, respectively, principal amount of 8% Notes, with accrued interest thereon from the date of issuance through September 30, 2018 of $203,613, $120,097 and $68,294, respectively. In consideration for waiving all defaults in payment of principal and accrued interest on the 8% Notes through the date of the amendment, the conversion price of the Amended Notes owned by the Taglich Parties and the other holders of the Amended Notes has been reduced to $1.50 per share, subject to the anti-dilution adjustments set forth in the Amended Notes and the 8% Notes, and the Company issued to the Taglich Parties and the other holders of the 8% Notes such number of shares of common stock calculated based upon a value of $1.39 per share, the closing market price of common stock on the NYSE American on September 28, 2018, the date immediately prior to the date the holders of a majority of the outstanding principal amount of the 8% Notes approved the amendment as is equal to the interest accrued on their 8% Notes from the date of issuance through September 30, 2018. Based on the amended conversion price, if these notes were to be converted additional shares would be issued of common stock, and therefore further reduce the Company's earnings per share.. As a result, the Company issued to Michael Taglich, Robert Taglich and Taglich Brothers 146,484 shares, 86,401 shares and 49,132 shares, respectively, of common Stock. From and after September 30, 2018, interest on the unpaid principal amount of the Amended Notes shall accrue and be paid at the rate of six (6%) percent per annum, if paid in cash, or at the rate of eight (8%) percent per annum if converted into common stock.
Interest on unpaid principal amount, description		From and after September 30, 2018, interest on the unpaid principal amount of the Amended Notes shall accrue and be paid at the rate of six (6%) percent per annum, if paid in cash, or at the rate of eight (8%) percent per annum if converted into common stock.
Adoption of amendments, description		The Company agreed to pay Taglich Brothers $95,550, representing a fee equal to 2% of the outstanding principal amount of Notes whose registered holders (other than Taglich Brothers) received shares of common stock in lieu of cash payment of accrued interest on the 8% Notes as of September 30, 2018.
Majority of outstanding principal amount, description		In September 2018, holders of a majority of the outstanding principal amount of the 8% Notes consented to an amendment to the terms of the 8% Notes to extend the maturity date to December 31, 2020 and to provide that interest on the 8% Notes, as amended (the "Amended Notes"), shall accrue and be paid on the due date of the Amended Notes or, if earlier, upon conversion of the Amended Notes into shares of common stock.
Robert and Michael Taglich [Member]
Notes Payable and Capital Lease Obligations (Textual)
Related party notes payable		$ 6,862,000	4,835,000
Unamortized debt discounts		$ 226,000	$ 162,000
Robert and Michael Taglich [Member] \| Private Placements of 8% Subordinated Convertible Notes [Member]
Notes Payable and Capital Lease Obligations (Textual)
Proceeds from receiving of gross	$ 1,950,000
Percentage of subordinated convertible notes	8.00%
Taglich Brothers, Inc., [Member]
Notes Payable and Capital Lease Obligations (Textual)
Warrants to purchase common stock, shares	180,977
Debt instrument aggregate principal value	$ 382,000

Operating Lease Liabilities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
For the twelve months ended
Total long term portion of operating lease liabilities	$ 4,235,000
Operating lease payments [Member]
For the twelve months ended
December 31, 2020	1,136,000
December 31, 2021	1,118,000
December 31, 2022	868,000
December 31, 2023	895,000
December 31, 2024	923,000
Thereafter	1,681,000
Total future minimum lease payments	6,621,000
Less: discount	(1,689,000)
Total operating lease maturities	4,932,000
Less: current portion of operating lease liabilities	(697,000)
Total long term portion of operating lease liabilities	$ 4,235,000

Operating Lease Liabilities (Details Textual)	12 Months Ended
Operating Lease Liabilities (Details Textual)	Dec. 31, 2019 USD ($)
Operating Lease Liabilities (Textual)
Annual rent	$ 113,000
Interest rate per annum	3.00%
Operating lease liabilities, description	As part of the effort to reduce costs, corporate executive offices were moved to an existing 5.4-acre corporate campus in Bay Shore, New York. The Company remains liable under the lease for the office in Hauppauge, New York which is now vacant. This lease has a term which ends January 2022.
Operating lease rights of use assets	$ 275,000

Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Liability Related To Sale Of Future Proceeds From Disposition Of Subsidiary Details Abstract
Liabilities related to sale of future proceeds from disposition of subsidiaries - beginning balance
Cash received from sale of future proceeds from disposition of subsidiary	800,000
Non-Cash other income recognized	(282,000)
Non-Cash interest expense recognized	85,000
Liabilities related to sale of future proceeds from disposition of subsidiary - ending balance	603,000
Less: unamortized transaction costs	(3,000)
Liability related to sale of future proceeds from disposition of subsidiary, net	$ 600,000

Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary (Details Textual) - USD ($)		12 Months Ended
	Jan. 15, 2019	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Liability Related to the Sale of Future Proceeds from Disposition of Subsidiary (Textual)
Aggregate of amount received			$ 363,000
Purchase agreement, description	The Company entered into a "Purchase Agreement" with 15 accredited investors (the "Purchasers"), including Michael and Robert Taglich, pursuant to which the Company assigned to the Purchasers all of their rights, title and interest to the remaining $1,137,000 of the $1,500,000 in payments due from Meyer for the sale of AMK (the "Remaining Amount") for an immediate payment of $800,000, including $100,000 from each of Michael and Robert Taglich, and $75,000 for the benefit of the children of Michael Taglich. The timing of the payments is based upon the net sales of AMK. If the Purchasers have not received the entire Remaining Amount by March 31, 2023, they have the right to demand payment of their pro rata portion of the unpaid Remaining Amount from the Company ("Put Right"). To the extent the Purchasers exercise their Put Right, the remaining payments from Meyer will be retained by the Company.
Purchase price per annum		2.00%
Proceeds as liability amount		$ 800,000
Net of transaction costs		$ 3,000
Annual interest rate percentage		18.00%		8.00%
Non-cash other income recognized		$ 282,000
Non-cash interest expense recognized		85,000
purchase price received		$ 800,000

Stockholders' Equity (Details)			1 Months Ended			12 Months Ended
Stockholders' Equity (Details)	Oct. 02, 2018	Jan. 09, 2018 USD ($) Investors / Number $ / shares shares	Jan. 31, 2020 shares	Oct. 01, 2018 USD ($) shares	Jul. 19, 2018 USD ($) $ / shares shares	Dec. 31, 2019 USD ($) $ / shares shares	Dec. 31, 2018 shares
Stockholders' Equity (Textual)
Common stock shares offered						214,762
Gross proceeds from offering \| $				$ 1,000,000
Sale of warrants				280,000
Warrants exercise price, per share \| $ / shares						$ 1.50
Common stock issued in lieu of cash payment						50,000
Related party advances and notes payable, net of debt discounts \| $						$ 6,862,000
Sale of common stock shares				800,000			123,456
Description of placement agent fee						For acting as placement agent of the offering, Taglich Brothers, Inc. is entitled to a placement agent fee equal to $27,627 (6% of the gross proceeds of the offering), payable at the Company’s option, in cash or shares of Common Stock on the terms sold to the purchasers.
Payment of directors' fees						257,602	253,071
Securities Act [Member]
Stockholders' Equity (Textual)
Sale of stock, description	The Company agreed to pay Taglich Brothers $70,000 (7% of the gross proceeds of the offering) for acting as placement agent for the offering.
Subsequent Event [Member]
Stockholders' Equity (Textual)
Sale of warrants			987,009
Sale of common stock shares			419,597
Four accredited investors[Member]
Stockholders' Equity (Textual)
Gross proceeds from offering \| $					$ 460,460
Common stock purchase price per share \| $ / shares					$ 1.43
Sale of common stock shares					322,000
Placement Agency Agreement [Member]
Stockholders' Equity (Textual)
Common stock shares offered		852,000
Purchase of common stock, shares		255,600
Number of accredited investors issued and sold \| Investors / Number		35
Gross proceeds from offering \| $		$ 1,065,000
Warrants exercise price, per share \| $ / shares		$ 1.25
Shares and warrants offering, description		The Company had previously sold a total of 725,390 Shares and Warrants to purchase an additional 224,400 shares of common stock for gross proceeds of $935,000 on November 29, 2017, December 5, 2017 and December 29, 2017 pursuant to the Offering.				In connection with the Offering completed from November 2017 through January 2018, Taglich Brothers, Inc., a related party, which acted as placement agent for the sale of the Shares and Warrants, is entitled to a placement agent fee equal to $104,000 (8% of the amounts invested), payable at the Company's option, in cash or additional shares of common stock and warrants having the same terms and conditions as the Shares and Warrants. Michael Taglich and Robert Taglich, directors of the Company, are principals of Taglich Brothers, Inc.

Employee Benefits Plans (Details) - USD ($)	12 Months Ended
Employee Benefits Plans (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Employee Benefits Plans (Textual)
Contributions to security fund amount	$ 137,000	$ 172,000

Contingencies (Details) - USD ($)			1 Months Ended		12 Months Ended
Contingencies (Details) - USD ($)	Oct. 15, 2018	Jan. 11, 2017	May 31, 2018	Aug. 30, 2016	Dec. 31, 2019	Oct. 07, 2019	Sep. 27, 2019	Sep. 03, 2019
Contingencies (Textual)
Past rent arrears received		$ 31,000
Claim settlement					$ 111,000
Damages value			$ 1,000,000
Claim settelement	$ 100,000
Working capital deficit							$ 4,200,000	$ 4,145,870
Satisfied to delivered escrow fund						$ 619,316	$ 2,000,000
Nassau Tool Works Inc [Member]
Contingencies (Textual)
Goods sold and delivered				$ 50,566

Income Taxes (Details) - USD ($)	12 Months Ended
Income Taxes (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current
Federal tax refund
State	37,000
Prior Year overaccruals
Federal
State
Total Expense	37,000
Deferred Tax Benefit		(921,000)
Valuation Allowance		921,000
Net Provision for Income Taxes	$ 37,000

Income Taxes (Details 1)	12 Months Ended
Income Taxes (Details 1)	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
U.S. statutory income tax rate	21.00%	21.00%
State taxes	(1.11%)
Permanent differences, overaccruals and non-deductible items	(3.33%)	5.74%
Rate change and provision to return true-up	0.62%	(18.36%)
Expired stock options	1.54%	0.00%
Deferred tax valuation allowance	(20.13%)	(8.38%)
Total	(1.41%)

Income Taxes (Details 2) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current:
Net operating losses	$ 8,017,000	$ 6,811,000
Allowance for doubtful accounts	216,000	124,000
Inventory – IRC 263A adjustment	268,000	248,000
Stock based compensation - options and restricted stock	150,000	161,000
Capitalized engineering costs	323,000	809,000
Deferred rent	12,000	248,000
Amortization - NTW Transaction	442,000	810,000
Inventory reserves	1,000,000	942,000
Deferred gain on sale of real estate	84,000	80,000
Accrued Expenses	165,000	49,000
Disallowed interest	1,431,000	918,000
Right of Use Asset	329,000
Other		314,000
Total non-current deferred tax assets before valuation allowance	12,437,000	11,514,000
Valuation allowance	(10,663,000)	(10,135,000)
Total non-current deferred tax assets after valuation allowance	1,774,000	1,379,000
Deferred tax liabilities:
Property and equipment	(1,628,000)	(1,379,000)
Other	(146,000)
Total deferred tax liabilities	(1,774,000)	(1,379,000)
Net deferred tax asset

Income Taxes (Details Textual) - USD ($)	12 Months Ended
Income Taxes (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Taxes (Textual)
Valuation allowance on its deferred tax assets	$ 10,663,000	$ 10,135,000
Federal net operating loss, description	Federal net operating loss carry forward of approximately $33,139,000, expiring in years beginning 2036 and State net operating loss carry forwards of approximately $9,600,000 (with effective rates from 5.5% to 10%), expiring in years through 2035.

Stock Options and Warrants (Details) - $ / shares	12 Months Ended
Stock Options and Warrants (Details) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Warrant [Member]
Risk-free interest rates	2.33%	2.69%
Expected life (in years)	4 years 10 months 25 days	4 years 10 months 25 days
Expected volatility	116.00%	66.00%
Dividend yield	0.00%	0.00%
Weighted-average grant date fair value per share	$ 1.24	$ 1.24
Employee Stock Option [Member]
Risk-free interest rates		2.69%
Expected life (in years)		4 years 10 months 25 days
Expected volatility		66.00%
Dividend yield	0.00%	0.00%
Weighted-average grant date fair value per share	$ 0.50	$ 0.72
Employee Stock Option [Member] \| Minimum [Member]
Risk-free interest rates	1.87%
Expected life (in years)	4 years 10 months 25 days
Expected volatility	65.80%
Employee Stock Option [Member] \| Maximum [Member]
Risk-free interest rates	2.60%
Expected life (in years)	6 years 9 months 18 days
Expected volatility	72.40%

Stock Options and Warrants (Details 1) - $ / shares	12 Months Ended
Stock Options and Warrants (Details 1) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Employee Stock Option [Member]
Options
Beginning balance	838,149	1,048,627
Granted during the period	613,000	88,000
Exercised during the period	(15,000)
Terminated/Expired during the period	(66,500)	(298,478)
Ending balance	1,369,649	838,149
Exercisable	1,269,649
Weighted average exercise price
Beginning Balance	$ 3.08	$ 3.20
Granted during the period	0.96	1.56
Exercised during the period	0.88
Terminated/Expired during the period	7.46	3.04
Ending Balance	2.01	$ 3.08
Exercisable	$ 2.06
Warrant [Member]
Options
Beginning balance	2,239,702	1,704,102
Granted during the period		535,600
Exercised during the period
Terminated/Expired during the period	(56,800)
Ending balance	2,182,902	2,239,702
Weighted average exercise price
Beginning Balance	$ 3.10	$ 2.66
Granted during the period		1.45
Exercised during the period
Terminated/Expired during the period	10.80
Ending Balance	2.90	3.10
Exercisable	$ 2.90	$ 3.10
Beginning Balance		4 years 15 days
Granted		4 years 4 months 6 days
Ending Balance		3 years 4 months 6 days
Exercisable	2 years 5 months 5 days

Stock Options and Warrants (Details 2) - Employee Stock Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Summary of information about stock options outstanding
Number Outstanding	1,369,649	838,149	1,048,627
Weighted Average Exercise Price	$ 2.01	$ 3.08	$ 3.20
$0.00 - $5.00 [Member]
Summary of information about stock options outstanding
Range of Exercise Prices, Minimum	0.00
Range of Exercise Prices, Maximum	$ 5.00
Number Outstanding	1,224,000
Weighted Average Life	5 years 2 months 12 days
Weighted Average Exercise Price	$ 8.18
$5.01 - $20.00 [Member]
Summary of information about stock options outstanding
Range of Exercise Prices, Minimum	5.01
Range of Exercise Prices, Maximum	$ 20.00
Number Outstanding	145,000
Weighted Average Life	1 year 6 months 21 days
Weighted Average Exercise Price	$ 1.56
$0.00 - $20.00 [Member]
Summary of information about stock options outstanding
Range of Exercise Prices, Minimum	0.00
Range of Exercise Prices, Maximum	$ 20.00
Number Outstanding	1,369,649
Weighted Average Life	4 years 4 months 24 days
Weighted Average Exercise Price	$ 3.08

Stock Options and Warrants (Details Textual) - USD ($)	12 Months Ended
Stock Options and Warrants (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Jul. 31, 2017
Stock Options and Warrants (Textual)
Stock compensation expense	$ 378,000	$ 293,000
Unrecognized compensation cost related to non-vested stock option awards	28,000
Unrecognized compensation cost related to non-vested stock option awards, period		1 year 3 months 19 days
Fair value of shares vested	1,210,000	$ 224,718
Additional Paid-In Capital
Stock Options and Warrants (Textual)
Stock compensation expense	$ 378,000	$ 293,000
Warrant [Member]
Stock Options and Warrants (Textual)
Granted during the period, options		535,600
Weighted average exercise price	$ 2.90	$ 3.10
Weighted-average grant date fair value per share	$ 1.24	$ 1.24
Warrant outstanding	2,182,902	2,239,702
Risk free interest rate	2.33%	2.69%
Expected volatility factor	116.00%	66.00%
Expected dividend yield	0.00%	0.00%
Estimated option term	4 years 10 months 25 days	4 years 10 months 25 days
Warrants issued in connection with convertible notes payable and common stock issuances	0	535,600
Stock option [Member]
Stock Options and Warrants (Textual)
Plan authorized			1,200,000
Granted during the period, options	613,000	88,000
Intrinsic value	$ 1,300,000
Weighted-average grant date fair value per share	$ 0.50	$ 0.72
Exercisable in-the-money	1,206,000
Risk free interest rate		2.69%
Risk free interest rate, minimum	1.87%
Risk free interest rate, maximum	2.60%
Expected volatility factor		66.00%
Expected volatility factor, minimum	65.80%
Expected volatility factor, maximum	72.40%
Expected dividend yield	0.00%	0.00%
Estimated option term	5 years	5 years

Segment Reporting (Details) - USD ($)	12 Months Ended
Segment Reporting (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Net Sales	$ 54,573,000	$ 44,530,000
Gross Profit Loss	9,142,000	5,445,000
Pre Tax Loss	(2,561,000)	(8,551,000)
Provision for Income Taxes	37,000
Net Loss	(2,732,000)	(10,992,000)
Assets	51,090,000	47,756,000
COMPLEX MACHINING
Net Sales	48,226,000	39,745,000
Gross Profit Loss	8,669,000	5,871,000
Pre Tax Loss	5,266,000	(75,000)
Assets	45,268,000	41,947,000
TURBINE ENGINE COMPONENTS
Net Sales	6,347,000	4,785,000
Gross Profit Loss	473,000	(426,000)
Pre Tax Loss	(500,000)	(1,385,000)
Assets	5,005,000	5,243,000
CORPORATE
Net Sales
Gross Profit Loss
Pre Tax Loss	(7,327,000)	(7,091,000)
Assets	817,000	566,000
CONSOLIDATED
Net Sales	54,573,000	44,530,000
Gross Profit Loss	9,142,000	5,445,000
Pre Tax Loss	(2,561,000)	(8,551,000)
Provision for Income Taxes	37,000
Loss from Discontinued Operations	(134,000)	(2,441,000)
Net Loss	(2,732,000)	(10,992,000)
Assets	$ 51,090,000	$ 47,756,000

Segment Reporting (Details Textual)	12 Months Ended
Segment Reporting (Details Textual)	Dec. 31, 2019 Segments
Segment Reporting (Textual)
Number of reportable segments	2