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v3.22.2.2

DEBT - Additional Information (Details) |  |  | 6 Months Ended | 12 Months Ended
--- | --- | --- | --- | ---
Aug. 25, 2021 USD ($) | Dec. 21, 2016 USD ($) | Sep. 30, 2022 USD ($) | Mar. 31, 2022 USD ($)
Debt |  |  |  |
Late fee (in percent) |  |  | 5 |
Default interest rate |  |  | 5 |
Unused borrowing capacity |  |  |  | $ 2,800,000
Unamortized closing costs |  |  | $ 84,043 | 76,288
Revolver loan |  |  |  |
Debt |  |  |  |
Interest payments |  |  | 5,600 |
Unused borrowing capacity |  |  | 3,600,000 | 2,800,000
Ranor, Inc. | Secured Term Loan |  |  |  |
Debt |  |  |  |
Principal amount of debt |  |  | 2,300,000 |
Berkshire Loan |  |  |  |
Debt |  |  |  |
Annual capital expenditure |  |  |  | 1,500,000
Berkshire Loan | Revolving Credit Facility |  |  |  |
Debt |  |  |  |
Maximum amount of borrowing base required to grant loan advance |  | $ 5,000,000.0 |  |
Debt instrument percentage of accounts receivable used for determination of aggregate amount of advances |  | 80.00% |  |
Debt instrument percentage of eligible raw material used for determination of aggregate amount of advances |  | 25.00% |  |
Amount included in sum to calculate maximum borrowing base |  | $ 250,000 |  |
Berkshire Loan | Revolver loan |  |  |  |
Debt |  |  |  |
Maximum amount of borrowing base required to grant loan advance |  |  | 5,000,000.0 |
Amount outstanding |  |  | 300,000 |
Unused borrowing capacity |  |  | $ 3,600,000 |
Nonrefundable commitment fee percentages |  |  | 0.25% |
Adjusted interest rate (as a percent) |  | 2.75% |  |
Berkshire Loan | Revolver loan | Prime Rate |  |  |  |
Debt |  |  |  |
Adjusted interest rate (as a percent) |  | 2.75% |  |
Basis spread on variable rate (as a percent) |  | 70.00% |  |
Berkshire Loan | Secured Term Loan |  |  |  |
Debt |  |  |  |
Principal amount of debt |  | $ 2,850,000 |  |
Debt instrument, periodic payment |  | $ 19,260 |  |
Interest rate (as a percent) |  | 5.21% |  |
Berkshire Loan | Notes Payable, Other Payables |  |  |  |
Debt |  |  |  |
Debt Instrument percentage of appraised value Of equipment for determination of aggregate amount of advances |  | 80.00% |  |
Berkshire Loan | Ranor, Inc. |  |  |  |
Debt |  |  |  |
Debt instrument covenant trailing period for measurement of loan to value ratio |  |  | 365 days |
Berkshire Loan | Maximum |  |  |  |
Debt |  |  |  |
Cash flow ratio of debt service |  |  | 1.20 |
Debt instrument covenant leverage ratio year one |  |  | 2.50 |
Debt Instrument Covenant Loan To Value Ratio |  |  | 1.00 |
Berkshire Loan | Minimum |  |  |  |
Debt |  |  |  |
Cash flow ratio of debt service |  |  | 1.00 |
Debt instrument covenant leverage ratio year one |  |  | 1.00 |
Debt Instrument Covenant Loan To Value Ratio |  |  | 0.75 |
Stadco Term Loan at 3.79% interest, due August 2028 |  |  |  |
Debt |  |  |  |
Principal amount of debt | $ 4,000,000 |  |  |
Maturity term | 7 years |  |  |
Debt instrument, periodic payment | $ 54,390 |  |  |
Stadco Term Loan at 3.79% interest, due August 2028 | FHLBBC advance rate |  |  |  |
Debt |  |  |  |
Basis spread on variable rate (as a percent) | 2.25% |  |  |
Stadco Term Loan at 2.25% interest, due August 2028 |  |  |  |
Debt |  |  |  |
Unamortized debt issuance expense |  |  | $ 55,977 | $ 71,617

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- Definition Represents the percentage of accounts receivable used for determination of the aggregate amount of advances under the revolver loan. + References No definition available. + Details
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- Definition Represents the percentage of Appraised value of equipment for determination of the aggregate amount of advances under the revolver loan. + References No definition available. + Details
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- Definition Represents the percentage of eligible raw material inventory used for determination of the aggregate amount of advances under the revolver loan. + References No definition available. + Details
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