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v3.23.1

SEGMENT INFORMATION (Tables) | 12 Months Ended
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Mar. 31, 2023
SEGMENT INFORMATION. |
Summary of financial information for segments |
​ | ​ | ​ | ​ | ​ | ​ | ​
The following table provides summarized financial information for our segments: |  | March 31, 2023 |  | March 31, 2022
Ranor | ​ | $ | 19,181,539 | ​ | $ | 14,580,306
Stadco | ​ |  | 12,250,075 | ​ |  | 7,755,946
Eliminate intersegment revenue | ​ |  | — | ​ |  | (53,757)
Net sales from external customers | ​ | $ | 31,431,614 | ​ | $ | 22,282,495
Ranor operating income | ​ |  | 5,150,821 | ​ |  | 1,514,790
Stadco operating loss | ​ |  | (3,905,323) | ​ |  | (1,124,542)
Corporate and unallocated (1) | ​ | ​ | (2,350,718) | ​ | ​ | (1,951,777)
Operating loss | ​ | $ | (1,105,220) | ​ | $ | (1,561,529)
Interest expense and other expense | ​ |  | (314,766) | ​ |  | (297,761)
Refundable employee retention tax credits | ​ |  | 636,564 | ​ |  | —
Unallocated PPP loan forgiveness | ​ |  | — | ​ |  | 1,317,100
Consolidated loss before income taxes | ​ | $ | (783,422) | ​ | $ | (542,189)
Assets | ​ |  | ​ | ​ |  | ​
Ranor | ​ |  | 11,350,905 | ​ |  | 10,654,579
Stadco | ​ |  | 23,817,425 | ​ |  | 24,907,656
Corporate and unallocated | ​ |  | 1,039,411 | ​ |  | 2,290,324
Totals | ​ | $ | 36,207,741 | ​ | $ | 37,852,559
Depreciation and amortization | ​ |  | ​ | ​ |  | ​
Ranor | ​ |  | 523,683 | ​ |  | 595,536
Stadco | ​ |  | 1,693,789 | ​ |  | 864,903
Totals | ​ | $ | 2,217,472 | ​ | $ | 1,460,439
Capital expenditures | ​ |  | ​ | ​ |  | ​
Ranor | ​ |  | 1,599,966 | ​ |  | 825,608
Stadco | ​ |  | 725,335 | ​ |  | 113,396
Totals | ​ | $ | 2,325,301 | ​ | $ | 939,004
(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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