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REVENUE (Tables)

9 Months Ended

Dec. 31, 2022

Schedule of net sales on a disaggregated basis by market and contract type

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​	​	​	​	​	​	​	​	​	​
Net Sales by market		Defense			Industrial			Totals
Three months ended December 31, 2022	​	$	8,316,711	​	$	10,634	​	$	8,327,345
Three months ended December 31, 2021	​	$	6,362,681	​	$	148,644	​	$	6,511,325
Nine months ended December 31, 2022	​	$	23,543,077	​	$	383,272	​	$	23,926,349
Nine months ended December 31, 2021	​	$	13,868,968	​	$	851,996	​	$	14,720,964

​

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​	​	​	​	​	​	​	​	​	​
Net Sales by contract type		Over-time			Point-in-time			Totals
Three months ended December 31, 2022	​	$	7,813,273	​	$	514,072	​	$	8,327,345
Three months ended December 31, 2021	​	$	6,378,952	​	$	132,733	​	$	6,511,325
Nine months ended December 31, 2022	​	$	22,672,048	​	$	1,254,301	​	$	23,926,349
Nine months ended December 31, 2021	​	$	13,259,229	​	$	1,461,735		$	14,720,964

Schedule of contract assets

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​	​	​	​	​	​	​	​	​	​
​	​	​		​	Progress		​	​
​		Unbilled			payments			Total
December 31, 2022	​	$	18,824,537	​	$	(9,468,295)	​	$	9,356,242
March 31, 2022	​	$	14,216,187	​	$	(5,865,956)	​	$	8,350,231

Sales

Schedule of revenues from customers who accounted for more than 10% of our net sales

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Three months ended				​	Three months ended				​	Nine months ended				​	Nine months ended
​		December 31, 2022					December 31, 2021				​	December 31, 2022					December 31, 2021
Customer		Amount			Percent		Amount			Percent		Amount			Percent		Amount			Percent
A	​	$	1,448,547		17	%	$	967,846		15	%	$	4,182,984		18	%	$	3,447,511		23	%
B	​	$	*		*	%	$	793,910		12	%	$	*	​	*	%	$	2,454,171		17	%
C	​	$	*		*	%	$	937,620		14	%	$	*		*	%	$	*		*	%
D	​	$	*		*	%	$	926,965		14	%	$	*		*	%	$	*		*	%
E	​	$	*	​	*	%	$	913,501	​	14	%	$	*	​	*	%	$	*	​	*	%
F	​	$	1,451,713	​	17	%	$	*	​	*	%	$	4,495,028	​	19	%	$	*	​	*	%
G	​	$	1,385,871	​	16	%	$	*	​	*	%	$	4,764,391	​	20	%	$	*	​	*	%

*Less than 10% of total

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

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