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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Mar. 31, 2022
SEGMENT INFORMATION. |
Summary of financial information for segments |
​ | ​ | ​ | ​ | ​ | ​ | ​
The following table provides summarized financial information for our segments: |  | March 31, 2022 |  | March 31, 2021
Ranor | ​ | $ | 14,580,306 | ​ | $ | 15,595,558
Stadco | ​ |  | 7,755,946 | ​ |  | —
Eliminate intersegment revenue | ​ |  | (53,757) | ​ |  | —
Net sales from external customers | ​ | $ | 22,282,495 | ​ | $ | 15,595,558
Ranor operating income | ​ |  | 961,392 | ​ |  | 1,578,307
Stadco operating loss | ​ |  | (1,124,542) | ​ |  | —
Corporate and unallocated (1) | ​ | ​ | (1,398,379) | ​ | ​ | (955,059)
Total operating (loss) income | ​ | $ | (1,561,529) | ​ | $ | 623,248
Interest expense and other expense | ​ |  | (297,761) | ​ |  | (197,737)
Unallocated PPP loan forgiveness | ​ |  | 1,317,100 | ​ |  | —
Consolidated (loss) income before income taxes | ​ | $ | (542,189) | ​ | $ | 425,511
Assets | ​ |  |  | ​ |  |
Ranor | ​ |  | 10,654,579 | ​ |  | 13,569,908
Stadco | ​ |  | 24,907,656 | ​ |  | —
Corporate and unallocated | ​ |  | 2,290,324 | ​ |  | 2,434,111
Totals | ​ | $ | 37,852,559 | ​ | $ | 16,004,019
Depreciation and amortization | ​ |  |  | ​ |  |
Ranor | ​ |  | 595,536 | ​ |  | 704,049
Stadco | ​ |  | 864,903 | ​ |  | —
Totals | ​ | $ | 1,460,439 | ​ | $ | 704,049
Capital expenditures | ​ |  |  | ​ |  |
Ranor | ​ |  | 825,608 | ​ |  | 546,890
Stadco | ​ |  | 113,396 | ​ |  | —
Totals | ​ | $ | 939,004 | ​ | $ | 546,890
​ (1) Corporate general costs include executive and director compensation, and other corporate administrative expenses not allocated to the segments.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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