XML 24 R25.htm IDEA: XBRL DOCUMENT
v2.4.0.8

SELECTED QUARTERLY INFORMATION (UNAUDITED) | 12 Months Ended
--- | ---
Mar. 31, 2014
SELECTED QUARTERLY INFORMATION (UNAUDITED) |
SELECTED QUARTERLY INFORMATION (UNAUDITED) | NOTE 18 - SELECTED QUARTERLY INFORMATION (UNAUDITED) The following table sets forth certain unaudited quarterly data for each of the four quarters in the years ended March 31, 2014 and 2013. The data has been derived from our unaudited consolidated financial statements that, in management’s opinion, include all adjustments (consisting of normal recurring adjustments) necessary for a fair presentation of such information when read in conjunction with the Consolidated Financial Statements and Notes thereto. Net Losses for each period include contract losses and unabsorbed overhead that increased cost of goods sold and lowered gross profit. The results of operations for any quarter are not necessarily indicative of the results of operations for any future period.
(in thousands, except for per share data) |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter (a) |
Year ended March 31, 2014 |  |  |  |  |  |  |  |  |
Net sales |  | $ | 7,097 |  | $ | 5,196 |  | $ | 5,167 |  | $ | 3,608 |
Gross profit (loss) |  | $ | 420 |  | $ | 727 |  | $ | 773 |  | $ | (2,651 | )
Net Loss |  | $ | (1,424 | ) | $ | (819 | ) | $ | (757 | ) | $ | (4,095 | )
Basic Loss per share |  | $ | (0.07 | ) | $ | (0.04 | ) | $ | (0.04 | ) | $ | (0.19 | )
Diluted Loss per share |  | $ | (0.07 | ) | $ | (0.04 | ) | $ | (0.04 | ) | $ | (0.19 | )
Year ended March 31, 2013 |  |  |  |  |  |  |  |  |
Net sales |  | $ | 7,145 |  | $ | 8,079 |  | $ | 7,294 |  | $ | 9,955 |
Gross profit |  | $ | 1,105 |  | $ | 1,938 |  | $ | 1,884 |  | $ | 1,631 |
Net Loss |  | $ | (706 | ) | $ | (45 | ) | $ | (545 | ) | $ | (1,115 | )
Basic Loss per share |  | $ | (0.04 | ) | $ | (0.00 | ) | $ | (0.03 | ) | $ | (0.06 | )
Diluted Loss per share |  | $ | (0.04 | ) | $ | (0.00 | ) | $ | (0.03 | ) | $ | (0.06 | )
(a) Fourth quarter gross margin for the year ended March 31, 2014 includes $2.7 million for estimated contract losses (see Note 7).

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration