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Acquisition (Tables) | 9 Months Ended
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Dec. 31, 2023
Business Combinations [Abstract] |
Schedule of Final Purchase Price Allocation, After Adjustments of the Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary purchase price allocation of the assets acquired and liabilities assumed:
|  | November 9, |
|  | 2023 |
Assets acquired: |  |  |
Cash and cash equivalents |  | $ | 286 |
Trade accounts receivable, net of allowances |  |  | 465 |
Unbilled revenue |  |  | 302 |
Inventories |  |  | 443 |
Prepaid expenses and other current assets |  |  | 93 |
Property, plant & equipment, net |  |  | 542 |
Operating lease assets |  |  | 130 |
Goodwill |  |  | 1,565 |
Customer relationships |  |  | 4,400 |
Technology and technical know-how |  |  | 2,500 |
Tradename |  |  | 300 |
Deferred income tax asset |  |  | 53 |
Total assets acquired |  |  | 11,079 |
Liabilities assumed: |  |  |
Accrued compensation |  |  | 62 |
Customer deposits |  |  | 389 |
Operating lease liabilities |  |  | 134 |
Total liabilities assumed |  |  | 585 |
Purchase price |  | $ | 10,494 |
Schedule of Unaudited Pro Forma Information | The Condensed Consolidated Statement of Operations for the three and nine months ended December 31, 2023 includes net sales of P3 of $1,027 and net income of $176. The following unaudited pro forma information presents the consolidated results of operations of the Company as if the P3 acquisition had occurred at the beginning of each of the fiscal periods presented:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | December 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net sales |  | $ | 44,186 |  |  | $ | 40,651 |  |  | $ | 140,019 |  |  | $ | 116,628 |
Net income |  |  | 464 |  |  |  | 340 |  |  |  | 4,554 |  |  |  | 499 |
Loss per share |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.04 |  |  | $ | 0.03 |  |  | $ | 0.42 |  |  | $ | 0.05 |
Diluted |  | $ | 0.04 |  |  | $ | 0.03 |  |  | $ | 0.42 |  |  | $ | 0.05 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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