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Note 2 - Acquisitions (Tables) | 3 Months Ended
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Jun. 30, 2017
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | November 24, 2015 |
ASSETS |  |  |  |
Cash and cash equivalents |  | $ | 586,061 |
Accounts receivable |  |  | 1,740,210 |
Inventories |  |  | 3,972,802 |
Other current assets |  |  | 693,590 |
Property and equipment |  |  | 722,714 |
Intangible assets - trade name |  |  | 120,000 |
Intangible assets - patents |  |  | 1,090,000 |
Goodwill |  |  | 375,408 |
Total assets |  | $ | 9,300,785 |
LIABILITIES |  |  |  |
Accounts payable |  | $ | 1,663,199 |
Accrued expenses |  |  | 1,949,522 |
Income tax payable |  |  | 11,312 |
Debt |  |  | 3,313,317 |
Other long-term liabilities |  |  | 650,500 |
Total liabilities |  | $ | 7,587,850 |
Net Assets |  | $ | 1,712,935 |
Acquired Inventory and Principal Business Assets, and Assumed Specified Liabilities, of Aircraft Instrument and Radio Company, Incorporated, and Aircraft Instrument and Radio Services, Inc. [Member] |
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | May 2, 2017 |
Assets acquired and liabilities assumed at fair value: |  |  |  |
Accounts receivables |  | $ | 748,936 |
Inventories |  |  | 3,100,000 |
Property and equipment |  |  | 26,748 |
Accounts payable |  |  | (313,117 | )
Accrued expenses |  |  | (382,687 | )
Net assets acquired |  | $ | 3,179,880 |
Net assets acquired |  |  | 3,179,880 |
Consideration paid |  |  | 2,400,000 |
Bargain purchase gain |  | $ | 779,880 |
Contrail Aviation Inc. [Member] |
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
|  | July 18, 2016 |
ASSETS |  |  |  |
Accounts receivable |  | $ | 1,357,499 |
Inventories |  |  | 2,118,475 |
Prepaid expenses |  |  | 30,121 |
Property and equipment |  |  | 33,095 |
Intangible assets - non-compete |  |  | 69,700 |
Intangible assets - tradename |  |  | 322,000 |
Intangible assets - certification |  |  | 47,000 |
Intangible assets - customer relationship |  |  | 451,000 |
Goodwill |  |  | 4,227,205 |
Total assets |  | $ | 8,656,095 |
LIABILITIES |  |  |  |
Accounts payable |  | $ | 366,575 |
Accrued expenses |  |  | 43,652 |
Earnout liability |  |  | 2,900,000 |
Total liabilities |  | $ | 3,310,227 |
Net Assets |  | $ | 5,345,868 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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