XML 55 R44.htm IDEA: XBRL DOCUMENT v3.23.1
BUSINESS COMBINATION - Additional information (Details)
1 Months Ended 12 Months Ended
Aug. 25, 2022
USD ($)
shares
Aug. 25, 2021
USD ($)
$ / shares
shares
Mar. 31, 2022
USD ($)
$ / shares
Mar. 31, 2023
USD ($)
shares
Mar. 31, 2022
USD ($)
$ / shares
shares
BUSINESS COMBINATION          
Antidilutive securities excluded from computation of earnings per share amount (in shares) | shares   25,000      
Exercise price of warrants or rights | $ / shares     $ 5.72   $ 5.72
Fair value of warrants         $ 46,256
Stock issued contingent consideration       $ 56,310  
Other adjustments to current liabilities         135,249
Acquisition related costs         320,000
Liability estimated with contingent consideration     $ 63,436   $ 63,436
Expected volatility     50.0   50.0
Selling, general and administrative non-recurring expense       6,008,881 $ 4,938,086
Interest expense       355,608 269,375
Income tax (benefit) provision       195,584 (192,355)
Depreciation and amortization       $ 2,217,472 $ 1,460,439
Volatility          
BUSINESS COMBINATION          
Warrants and rights outstanding, measurement input     46.7   46.7
Risk free interest rate          
BUSINESS COMBINATION          
Warrants and rights outstanding, measurement input     0.4   0.4
Common stock          
BUSINESS COMBINATION          
Number of shares of common stock and warrants issued for acquired business | shares         366,515
Proceeds from sale of common stock, net (in shares) | shares         800,682
Stock issued contingent consideration (in shares) | shares       9,127  
Stock issued contingent consideration       $ 1  
SPA          
BUSINESS COMBINATION          
Shares to be purchased pursuant to agreements | shares   800,682      
Purchase price | $ / shares   $ 4.40      
Securities offering costs   $ 300,000      
Acquisition Sub | Amended and restated loan purchase and sale agreement          
BUSINESS COMBINATION          
Aggregate payment   7,900,000      
Stadco          
BUSINESS COMBINATION          
Consideration transferred amount   10,163,164      
Fair value of warrants   46,256     $ 46,256
Maximum value of contingent consideration   2,269,000      
Stock issued contingent consideration (in shares) | shares 9,127        
Stock issued contingent consideration $ 56,310        
Rebate of tax credits         164,049
Stadco | ERTC refundable credit          
BUSINESS COMBINATION          
Refund of tax credits     $ 1,093,661   1,093,661
Stadco | Customer claim and warrant          
BUSINESS COMBINATION          
Consideration transferred amount   $ 46,256      
Additional costs accrued with certain product manufacturing project     471,166   $ 471,166
Stadco | Pro Forma          
BUSINESS COMBINATION          
Management fee expense     $ 700,000    
Cost, Product and Service [Extensible Enumeration]     Depreciation and amortization    
Selling, general and administrative non-recurring expense     $ 300,000    
Interest expense     300,000    
Income tax (benefit) provision     800,000    
Depreciation and amortization     $ 300,000    
Stadco | Common stock          
BUSINESS COMBINATION          
Number of shares of common stock and warrants issued for acquired business | shares   366,515      
Consideration transferred amount   $ 2,300,000      
Stadco | Common stock | Holders of certain other non-bank indebtness          
BUSINESS COMBINATION          
Number of shares of common stock and warrants issued for acquired business | shares   49,849      
Stadco | Common stock | Other security holders          
BUSINESS COMBINATION          
Number of shares of common stock and warrants issued for acquired business | shares   150,000      
Stadco | SPA          
BUSINESS COMBINATION          
Consideration transferred amount   $ 113,890      
Stadco | Holdco | Common stock          
BUSINESS COMBINATION          
Number of shares of common stock and warrants issued for acquired business | shares   166,666